What is Baby Doge Swap
BabyDogeSwap is a popular decentralized exchange (DEX) allowing BEP-20 token swaps on the BNB Chain. The exchange employs an automated market maker (AMM) model, allowing users to swap against a liquidity pool. You can become a liquidity provider and receive LP tokens, which entitle users to a share of the swap fees. LP token holders can also engage in yield farming to earn BabyDoge, the swap's utility token. The token can be staked in Farms or Pools with flexible or fixed-term staking. When the BabyDoge token is held in your wallet users receive lower swap fees. At the time of writing, token swaps incur a 0.30% trading fee, with 0.20% returned to the liquidity pools as a fee reward, 0.05% sent to the treasury and 0.05% sent towards a buyback and burn program. Some pairs such as BabyDoge/BNB and other requested pairs have a 0% Swap fee. When holding BabyDoge token users receive up to 70% OFF per swap giving as low as 0.09% swap fees.