About Bondly’s partnership with BakerySwap
Bondly and BakerySwap have reached a strategic partnership, and will cooperate in NFT markets, liquidity farming and staking pools. Our collaboration will allow for more staking services via staking and farming, and for more liquidity of BNB/BONDLY!
Bakeryswap is an all-in-one DeFi platform on the Binance Smart Chain that provides both AMM and NFT Marketplace solutions in one place. Users can exchange tokens, provide liquidity and participate in liquidity farming. Bondly will be listed on BakerySwap as a liquidity provider and users will be able to stake their $BONDLY in the farming protocol to earn more crypto at a high APY percentage.
We’ll also be launching exclusive NFTs–stake $BONDLY in order to get them, and you can trade them later in BakerySwap!
How can you earn tokens on BakerySwap?
Users can either:
Stake BNB-Bondly LP to earn $BONDLY:
- Users will be able to earn $BONDLY by trading in their $BNB and $BONDLY for LP (liquidity provider) tokens. These tokens will then be used to ‘enable farming’ on the platform, thus staking their tokens in a flexible contract. Flexible contracts allow users to go in and out of farming as they please without any time/token restrictions.
Stake $BAKE to earn $BONDLY:
- As with the LP tokens, users will also have the option to stake their $BAKE to earn more $BONDLY. These tokens will also be offered as liquidity via the ‘enable farming’ option within the platforms farming protocol. These tokens will also be tied to flexible contracts, allowing users to enter and exit staking as they please with no time/minimum token constraints.
Stake $BONDLY to earn NFTs:
- Users will be able to stake their $BONDLY tokens to earn one of three NFTs created by the Bakers themselves. There will only be 1200 NFTs ever created, with 300 NFTs being dedicated to each unique NFT (four designs total). At this moment in time, these NFTs will not have any utility announced with their creation, but users that collect all three NFTs will be able to stake for combined rewards in the future. Users will be able to vote on the utility of these NFTs in the near future. BCCG holders may suggest ideas in the Bondly VIP discord, those suggestions will be voted upon on snapshot.org for a final utility confirmation.
APY percent yields are to be listed on BakerySwap at the time of launch.
What does the future hold?
“The community has been asking for more opportunities to stake and earn more $BONDLY,” says Brandon Smith, CEO of Bondly. “We listened to our community, and through this partnership we are expanding these opportunities to include staking rewards on BakerySwap. This will be a great chance for us to expand our visibility and reach to other markets, as well as give back to our community.”
CEO of Bakeryswap, says: “As the first AMM+NFT exchange on Binance Smart Chain, we want to keep iterating it for the long run and attract more and more liquidity providers, traders, innovative DeFi projects, artists, collectors, and “bakers” to cultivate a stronger, fun and solid Bakery ecosystem and maximize the value of BAKE. For non-BAKE stakeholders, we hope that through Bakery’s intrinsic value and unique innovation, we will continue to attract more participants outside the system into our Bakery “delicious” world!”
About BakerySwap
BakerySwap, the first AMM + NFT Exchange, is the all-in-one DeFi platform on Binance Smart Chain. Bakery aims to be the reference place for all defi users’ needs, by providing three main services: The AMM (Automatic Market Maker), where users can exchange tokens, stake them or do liquidity farming, currently holds more than $425M in liquidity. The NFT Marketplace, which allows participants to mint or trade artworks and other gamified NFT from Bakery or Bakery partners. More than +300,000 NFT transactions and +85,000 mintings strengthen their leadership position. And finally, the Launchpad, that provides initial coin offerings from selected quality projects to early investors.
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About Bondly
Bondly is an interoperable, transparent and portable swap protocol designed to revolutionize traditional escrow methods and make everyone into their own digital marketplace. Our family of trust-enabling products is designed to be a part of everyday buying and selling giving peace of mind for swap or online purchases. Our product BondProtect is a Defi enabled eCommerce gateway specializing in integrating into your favorite online marketplaces very simply and easily with no integration fees, just staking tokens. Follow the latest updates on Bondly Finance here:
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