Baby Doge Swap keeps (dog) piling on the integrations and features. Are consistent monthly burns next for the memcoin that is realizing its DEX ambitions?
Baby Doge Swap Continues Expansion
The popular memecoin turned Decentralized Exchange (DEX), Baby Doge Swap, has officially been listed on BNB Chain’s Dapp Bay.
The listing, announced via tweet on Nov. 16, will bring BNB Chain users more accessibility to Baby Doge Swap and allow them to give a rating like all other Decentralized Applications (dApps) on the platform. Baby Doge Coin already boasts a high 9.6/10 rating from users!
Baby Doge Swap has been on a tear since launching its DEX. The new swap lets users change between any tokens on BNB Chain. The Total Volume Locked (TVL) on the platform has continued rising, despite taking a small dip after the FTX collapse.
The farming and liquidity pools have also continued to produce impressive APY numbers like the BabyDoge/BNB farm. The popular farm was recently extended another 200-plus days and pushes APYs to nearly 100%. Other farms, like the new Doge/Tether farm, started off with an APY in the thousands!
Recently, Baby Doge holders voted almost unanimously to initiate monthly burns for Baby Doge Coin. The burns will help decrease the enormous size of Baby Doge Coin, and with a circulating supply over 159 Quadrillion (according to CoinGecko), burns are needed to continually fight price deflation.
What is Baby Doge Swap:
Baby Doge Swap is the acclaimed “son” of the popular meme token, DOGE. Baby Doge Swap started out as Baby Doge Coin and is a hyper-deflationary system that progressively increases its scarcity and increases its liquidity. The project is now a fully Decentralized Exchange with swaps, liquidity pools, yield farming, and more. Baby Doge considers its primary utility as building a fun meme community to spread awareness of animal adoption.
Where to find Baby Doge Coin:
Source : bsc.news
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