BakerySwap is a decentralized protocol on Binance Smart Chain that provides Automated Market Marker (BSC). This Decentralized Exchange Protocol (DEX) allows for swaps, yield farming, and non-transactional (NFT) applications.
The AMM automated marketplace model from BakerySwap enables peer-to-peer token swaps via smart contracts. This allows users to easily swap tokens without requiring a buyer or seller to be on the other end of the transaction. BakerySwap users benefit from high scalability, low costs, and fast transaction speeds because it is hosted on the Binance Smart Chain (BSC).
BAKE is the BakerySwap platform’s native BEP-20 governance token. Users can earn BAKE tokens by providing liquidity on BakerySwap, and BAKE holders can vote governance and receive transaction fee dividends with their tokens. BAKE rewards are available in a variety of currencies, including BTC, ETH, DOT, LINK, BUSD, and BAKE.