Bakery Swap introduction
BakerySwap is a DeFi protocol based on Binance Smart Chain, providing users with "delicious" returns. It is a decentralized exchange (DEX) that employs an Automated Market Maker (AMM) model. BakerySwap is one of the earliest projects to use the Binance Smart Chain to build an AMM decentralized trading platform, and it is also one of the few DeFi projects that provide token liquidity pools on the Binance Smart Chain. Similar to other platforms using the AMM model, BakerySwap does not have a transaction order book for matching orders between buyers and sellers, but instead allows users to trade with liquidity pools. Assets in each pool are provided by BakerySwap backers and users. According to the liquidity shares that users add to the liquidity pool, users can obtain corresponding liquidity (LP) tokens. They can then convert these liquidity tokens back to the original tokens they provided. The amount received also depends on their share of the pool. While providing liquidity for the fund pool, users can earn transaction fees.
