BakerySwap is the next iteration of the by now infamous Uniswap. It’s like Uniswap, but faster, cheaper and dare we say it… tastier? In addition to all of the above, liquidity providers will also be rewarded with BAKE tokens from which they can earn a share of BakerySwap’s trading fees and use for voting as part of BakerySwap’s governance.
BakerySwap applies a 0.30% fee to all swaps/trades, of which 0.25% will go to Liquidity Providers (LPs), and 0.05% will be converted to BAKE tokens and given to BAKE holders as additional rewards.
Liquidity providers are given liquidity pool tokens (Bakery LPs) that represent their share of each pool, and can earn a portion of the fees collected in these pools when removing liquidity.LPs can then stake their Bakery LP tokens to farm BAKE token rewards.
Initial release schedule:
First 30,000 BSC blocks (approx 1 day) — 400 BAKE per block
30,001–900,000 BSC blocks (approx 29 days) — 300,000 BAKE reduced day by day, 255 BAKE per block on average
900,0001 BSC blocks until full supply released (approx 11 months) —300,000 BAKE reduced month by month, 73 BAKE per block on average
The total supply of BAKE is 731,745,000
In the past six months, BakerySwap has experienced the process from nothing to prosperity. In addition to Swap, Bakery has launched Liquidity Farming，IDO Launchpad, NFT marketplace and the gamification of NFT+DeFi. Up to now, the total TVL of BakerySwap has reached 104M, $89.3M in AMM and $14.7M in Gamification respectively. We have 5344 minted NFT artworks with 15,785 transactions. And the price of BAKE has increased by more than 7370% since December 2020.