Bagels Finance (BAGEL) Airdrop Details & Project Overview 2025

If you’ve been scrolling through crypto news this year, you’ve probably seen the name Bagels Finance pop up alongside promises of high‑leverage farming and a massive airdrop. Below is everything you need to know - from how the platform works to why the token isn’t showing any price on major trackers.

Quick Snapshot

• Bagels Finance launched as the first cross‑chain leveraged yield farming protocol.
• The BAGEL token has a max supply of 110million but reports zero circulating supply on most sites.
• Airdrop: 103,594 BAGEL distributed; program ended April112025.
• Leverage range: 2x‑10x on assets like ETH, WBTC, USDT, DAI, BNB, HT.
• Revenue sharing: 85% of platform fees paid to staked BAGEL holders.

What is Bagels Finance?

When you first encounter the project, you’ll see it described as a Bagels Finance a cross‑chain leveraged yield farming platform that allows users to farm with up to 10× leverage on multiple blockchains. In practice, the protocol lets you deposit popular assets - ETH, WBTC, USDT, DAI, BNB, and HT - into smart contracts that automatically borrow against your position, then farm the borrowed amount for amplified rewards.

How Leveraged Yield Farming Works

Leveraged farming is essentially two steps: you provide collateral, the protocol borrows additional funds, and both your original and borrowed assets earn farming APY. For example, a 5× position on ETH means you lock 1ETH, the protocol borrows 4ETH, and the combined 5ETH earn yield. The upside is higher returns, but the downside is liquidation if the market moves against you.

Bagels Finance uses a custom smart‑contract engine that routes liquidity across Ethereum, Binance Smart Chain, and Huobi Eco‑Chain, aiming for the best APY on each network. The cross‑chain layer also helps balance liquidity, reducing slippage when one chain’s pool gets thin.

BAGEL Tokenomics & Revenue Sharing

The native token, BAGEL a governance and revenue‑sharing token with a capped supply of 110million, serves three purposes: governance, staking rewards, and dividend distribution. Holders can stake BAGEL to receive a share of platform fees - the protocol promises to allocate 85% of revenue to staked token holders as regular dividends.

Governance is handled by a DAO where staked BAGEL gives voting power on proposals such as fee adjustments, new chain integrations, and leverage caps. In theory, active participants could even become board members, shaping the protocol’s roadmap.

Airdrop Program Details

The airdrop was announced on Airdrop.io a platform that tracks crypto airdrop campaigns with a total pool of 103,594 BAGEL. Unlike many airdrops that limit winners, Bagels Finance promised that anyone who met the eligibility criteria would receive a slice of the pool.

Eligibility required completing a few simple steps: follow the project on Twitter, join the Telegram group, and submit a wallet address that had interacted with the protocol before the cut‑off date (July2024). The distribution window closed on April112025, and participants were told to expect token delivery within two weeks.

Current Market Status & Price Data

As of October2025, major trackers paint a confusing picture. CoinMarketCap reports a price of $0 and a circulating supply of 0 BAGEL, while Crypto.com lists BAGEL at $0.002047 but provides no volume data. Binance does not list BAGEL at all, with its last update dating back to June2022.

These discrepancies suggest that the airdropped tokens either never made it onto liquid exchanges or that liquidity is extremely thin. Without an active market, the promised revenue‑sharing dividends cannot be realized, because there’s no way to trade or value the token.

Risks & Red Flags

Every crypto project carries risk, but several specific concerns stand out for Bagels Finance:

1. Liquidity shortage: Zero reported circulating supply means you likely won’t find a buyer on major DEXes.
2. Exchange delisting: Absence from Binance and other top tier exchanges limits exposure.
3. Unverified leverage claims: The protocol’s smart contracts have not been publicly audited by a top‑tier firm.
4. Revenue‑sharing feasibility: Dividends depend on platform fees, but without users, fees are minimal.
5. Data transparency: Last development updates are from 2022; no roadmap or sprint reports have surfaced since the airdrop.

How to Evaluate Before Getting Involved

Use this quick checklist to decide if you want to keep an eye on Bagels Finance or walk away:

• Check the official GitHub - are there recent commits or audit reports?
• Confirm a live trading pair on a reputable DEX (e.g., Uniswap, PancakeSwap).
• Verify that the DAO is active - look for recent governance proposals on snapshot.org.
• Assess the community size - a genuine Telegram or Discord with regular moderator activity is a good sign.
• Calculate realistic APR after accounting for possible liquidation risk at 10× leverage.

If most of these boxes are empty, treat BAGEL as a speculative token rather than a yield‑generating asset.

Frequently Asked Questions