- With Baby Doge Swap, users can perform different swap operations by connecting their wallets.
- The BabyDoge decentralized exchange will offer the farming facility over 60,000 percent annual percentage return (APR).
Earlier today, October 6, BabyDoge Coin (Baby Doge) officially announced the launch of its much-awaited Baby Doge swap. The announcement came from BabyDoge’s official Twitter handle.
We will be adding farm rewards shortly stay tuned for announcement ! pic.twitter.com/Hz867MNc6R
— BabyDogeSwap.com LIVE (@BabyDogeCoin) October 6, 2022
Using the official website of Baby Doge Swap, users willing to use this service can perform different swap operations. Built atop the Binance Smart Chain, Baby Swap is a decentralized exchange (DEX) allowing users to perform different operations such as swap, yield, and stake.
As noted by BabyDoge, crypto enthusiasts can use this protocol to swap any other cryptocurrency in the market, in just a few seconds on the Binance Smart Chain (BSC). Unlike other decentralized exchanges (DEXs), Baby Doge Swap won’t require users to register with them or complete the know-your-customer (KYC) requirements.
To start using the service, users just need to connect their wallets. Soon after, they can swap all BSC-related tokens including BabyDoge.
Additionally, Baby DogeCoin has also unveiled its BabyDoge farm rewards for BUSD and USDT stablecoins. The BabyDoge decentralized exchange will offer the farming facility over 60,00 percent annual percentage return (APR). However, Baby Doge Coin stated as more people stake their tokens, the APY on farming would eventually reduce. The official tweet from Baby Doge Coin states:
BUSD/USDT LP FARM IS OFFICIALLY LIVE On BabyDogeSwap. At 60,000%+ APR Other swaps only offer 2-3% currently. The more people who stake, the lower the APR.
Add liquidity to these pairs on #BabyDogeSwap and get LP tokens to earn swap fees! Then stake the LP tokens earning swap fees in our farms and also earn Baby Doge!
Baby Doge Coin and its utility
Although the BabyDoge coin started as a memecoin, its utility extends far beyond. The recent case of Baby Doge Coin is a major example of it.
Back in August, BabyDoge launched its first Play-to-Earn (P2E) game on Petaverse, a pet division of Decentraland. Decentraland is one of the leading Metaverse platforms in the crypto space. As a result of this launch, users can play with their favorite BabyDoge non-fungible tokens (NFTs). Also, at the first P2E Pet Park, users can also earn some free tokens and unlock some cool NFTs.
Besides, users of the BabyDoge NFTs can earn 250 percent boosted rewards in the game. Nearly 10,000 of BabyDoge tokenized assets are available on the Ethereum blockchain.
On the other hand, the team behind this project is turning a huge amount of BabyDoge. During the first anniversary, the BabyDoge team destroyed a massive 50 quadrillion tokens. Much recently, Brazilian Soccer Legend also announced partnerships with BabyDoge to launch his exclusive NFTs.