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How does DeFi DEX Exchange BakerySwap Works?

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zaara hary
How does DeFi DEX Exchange BakerySwap Works?

Let us look at the first and popular food-themed DeFi Protocol - “BakerySwap”.

What is BakerySwap?

BakerySwap is an open-source DeFi protocol that lets users exchange and swap tokens like Uniswap. This BakerySwap is a DeFi based Decentralized Exchange, which is the first popular food-themed DeFi project built on the Binance Smart Chain (BSC).

This BakerySwap is a DEX that adopts an Automated Market Maker (AMM) model which many experience through the use of the famous DeFi exchange Uniswap.
Being the first AMM DEX project on the Binance Smart Chain, BakerySwap offers better altcoin or stable coin liquidity pools for all its users.

How Does BakerySwap Work?

As this BakerySwap is an exchange that works based on the AMM Model, there is no order book available to match buyers with sellers and instead, users trade against the liquidity pools. The liquidity pools have assets that are provided by both users and supporters of BakerySwap.

The users have the ability to add liquidity to the exchanges. When any user adds liquidity to the pools they receive Liquidity Provider (LP) tokens as a reward or exchange in accordance with their share in the pool. Users can then convert those earned LP Tokens back to the original tokens that they have supplied to the liquidity pool. The amount of LP tokens received also depends on the share a user provides to the pool. In the process of providing liquidity, users earn trading fees.

Popular Features of BakerySwap Exchange

Exchange
Farming
Liquidity Pools
Wallet Integration
Liquidity Addition
Gamification
NFT Supermarket
Launchpad
Initial DEX Offering and more.

Explore here how to add liquidity to the BakerySwap here -> What is BakerySwap?

Business Benefits of launching DeFi Exchange like BakerySwap

Listed here are the benefits of creating a DeFi based exchange like BakerySwap.

Low Capital Investment
High Return on Investment
Quicker Brand Identification and visibility
100% Guaranteed Trading Volume
No manpower required
Greater Liquidity at the time of Launch
No involvement of middleman
Move along with DeFi trends and more.

Thinking to launch a DeFi based AMM Exchange like BakerySwap? Get BakerySwap Clone Script from Bitdeal now !!

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