The partnership will give the general public a transparent, innovative, and creative platform for DeFi services.
BakerySwap’s Strategic Partnership With Levyathan
BakerySwap has launched a strategic partnership with the first Decentralized Finance (DeFi) Index on the Binance Smart Chain (BSC). The Decentralized Exchange (DEX) platform offering a Non-Fungible Token (NFT) marketplace and an Automated Market Maker (AMM) announced the new development via its Medium post on the 6th of July, 2021.
What Is Levyathan?
Levyathan is the premier DeFi index on the BSC. Indexes on the platform are efficient tools to edge against the risks of investments through diversification. They offer a balance between exposure to assets with huge potential and making a profit while seeking caution. The platform provides two different indexes composed of solid values from the crypto-monetary ecosystem, selected for their resilience, reliability, and solid models. These indexes are the LegacyIndex (LI) and the DeFiBSCIndex (DBI). For more details about Levyathan Indexes, refer to their article about indexes.
Two Giants Combine To Provide Quality Investment Mechanisms
BakerySwap looks to take advantage of the growing DeFi ecosystem with its integration of Levyathan. Without a doubt, many services and new investment mechanisms are being added to the DeFi space. Levyathan will contribute resources and expertise to add more benefits to the BakerySwap ecosystem. Furthermore, both protocols are notable in DeFi, and Levyathan will ensure that its popularity is utilized to offer the best investment mechanisms. In this light, the partnership will provide users a transparent, innovative, straightforward, and creative platform for investment.
BakerySwap will combine with Levyathan to add Sabile Index Token (SI), Legacy Index Token (LI), and Lev token to its AMM. In addition, the AMM + NFT exchange will create liquidity pools for LI-BNB, SI-BNB, and Lev-BNB, and as such, users can participate in these newly added pools to earn Lev tokens.
BakerySwap is an all-in-one DeFi platform built on the BSC that offers both NFT exchange and an AMM. It is one of the numerous projects to receive funding from the Binance Smart Chain Accelerator Fund and gain a listing on Binance.com. The platform offers users an Automated Market Maker created to exchange tokens, staking, and liquidity farming. In addition, it features an NFT marketplace, allowing users to trade and mint their NFT artworks or gamified NFTs. BakerySwap also provides an IDO Launchpad that gives users details about different projects’ Initial Coin Offerings.
What To Expect?
BakerySwap is the reference point forusers interested in a complete DeFi ecosystem on the BSC. At the same time, Levyathan is the number one platform that offers financial indexes on the network. Therefore, the combination is an agreement between two giants on the BSC and promises to yield benefits to the general public while also expanding the Levyathan ecosystem.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.