BakerySwap is a decentralized automated market-making (AMM) protocol on Binance Smart Chain.
BAKE token is the native BEP-20 governance token of the platform. Users can earn BAKE tokens by providing liquidity on BakerySwap. BAKE holders can use their tokens for governance voting as well as for receiving transaction fee dividends.
BAKE rewards are offered to several liquidity pools in different proportions, initially including: BUSD, ETH, BTC, DOT, LINK, and BAKE versus BNB.
BakerySwap features a 0.30% fee to all trades, of which 0.25% will go to Liquidity Providers (LPs), and the remaining 0.05% will be converted to BAKE tokens and given to BAKE holders as rewards.