How BakerySwap Works | DEFI BSC

Its main function is the Exchange, which we find in trade and Exchange. Where you can exchange the cryptocurrencies you want for different pairs, in from indicate the cryptocurrency you want to use and in to the cryptocurrency you want to get. Most likely if you search for the name you will get the cryptocurrency. If not, copy the binance Smart chain contract to see if it detects it and you can buy it. Once you check that everything is correct, click on swap and confirm the transaction in the wallet and you will have the tokens exchanged. The commission is quite low.

Liquidity in BakerySwap

Let’s look at the liquidity part. Here, you can create an LP token and bring liquidity to bakeryswap in exchange for an annual % of that LP Token. It is a way to passively generate more tokens, although it has the risk of impermement loss, if you don’t know what it is, I’ll leave you a video before you jump into providing liquidity in bakeryswap or other sites.

Earnings

In the earnings section, we can see the different staking options offered by bakeryswap right now.  The truth is that you will find a wide variety of cryptocurrencies to stake and get rewards with another cryptocurrency. As with bark, for depositing bark, you will receive TLM. To use any of these staking options, click on the one you want to use in select, you will have to approve the cryptocurrency with a small commission, click on approve and confirm in metamask. Now you have to deposit the amount you want and confirm the transaction in your metamask wallet. Once you want to withdraw the earnings, click on harvest if you only want to have the rewards or harvest and withdraw if you also want to withdraw the cryptocurrencies you have staked.

As you can see, in earnings there are many options and at the top you can find different categories to find easier the staking that interests you the most, whether you want to get more bake tokens or stakear Bake. They even have a category that for staking, you will receive a NFT, something quite new and creative that you don’t see in many DEFI exchanges.

NFT Marketplace BSC

One of the main aspects that have made bakeryswap popular to other DEFI exchanges, are new features that we do not find in other defis, and they are really innovative and interesting. In this case, bakeryswap, has created a NFT Marketplace, where you can buy NFT’s with their bake token, which gives even more utility to the token to use it. Here, you can create your own nfts, or buy the one you like in exchange for bake. To be able to buy it, you must first approve the nft Marketplace, clicking on approve and confirming the transaction in your metamask for a small fee, and then you will be able to buy the one you want. In addition to buying it, you can also auction a price that you think is right for the NFT you like. The truth is that it is an easy to use Marketplace, and with low commissions when using the binance Smart chain. At the moment, one of the main nft Marketplace of the binance Smart chain, and as you can see, there are a lot of good designs.

Bakery Gallery

In bakery gallery, you will be able to see a gallery of the NFTS from the bakeryswap Marketplace. With artists and much more information about new releases of NFTs in bakery. If you like NFTS, a site to see.

Launchpad BSC

At launchpad, you will find new project releases that you can buy before they go public on exchanges. Here you are going to be able to projects that have already been launched, and in case there is a launch coming soon, you are going to be able to watch it to participate. It is a great way to get high returns if it is a good project. You can research and view other projects that have been launched on bakeryswap to see the returns and if they have been good launches.

Gamification

In gamification, we find another very new feature that you also don’t find in many exchanges. These are different types of games and functionalities, which bakeryswap adds to give even more utility to its token bake. With a crpytodoggy NFTs store, a collection of rare cars, and games like blind poker or even a soccer game. A good way to play for a while and support bakeryswap. Plus that every little while, they add more games and features in gamification.

Ethereum 2.0 Binance Smart Chain

Finally, we have ethereum 2.0. Here, you can staking ethereum from the binance Smart chain, which has the same price as normal ethereum, the only thing that is in the binance Smart chain, and uses proof of stake instead of proof of work. Which allows you to staking ethereum and receive rewards for it. Here, you can stake different ethereum pairs, staking only ethereum or also BLP ethereum tokens with BNB or busd for more stability. An interesting way to generate passive income with your ethereums. In addition, in each pool, you will receive different tokens, for example, in the first pool, you will receive bethereum and bake, while the other pools you will receive ankr, onx and bake.

I hope it has helped you to know all the features that bakeryswap has, and how it works. If you don’t have an account with binance, you can create one right below.