

BabyDogeSwap Is Live! We Tried Out All of Its Features

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BabyDogeSwap launched on Oct.6, as a challenge to PancakeSwap's DEX hegemony on BNB Chain. We tried it out and learned about its various features.
BabyDogeSwap Launches on Mainnet
With its large community support, BabyDogeSwap is one of the most awaited projects from the Baby Doge team. On Oct. 6, the team launched the Decentralized Exchange (DEX) on BNB Chain.
#BabyDogeSwap is now LIVE at https://t.co/UAopqn3msj 🐶🍬
— BabyDogeSwap.com LIVE (@BabyDogeCoin) October 6, 2022
We will be adding farm rewards shortly stay tuned for announcement ! pic.twitter.com/Hz867MNc6R
We had previously discussed the BabyDogeSwap testnet, which launched in August, and discussed some issues. You can check it out here.
Today, let’s check some of the DEX features that are on offer.
Head to BabyDogeSwap Site
You will see a page like the one shown below when you visit the BabyDogeSwap website.

Unlike the testnet swap, you don’t need test coins -- but real coins and tokens in your wallet.
Swap
Go to the Swap by clicking on the “Swap’” button that you can find in the top left of the page. In this case, we will use $BNB again to convert to $BabyDoge.

Upon clicking the “Swap” button and confirming the transaction, $BabyDoge should appear in your Metamask wallet. If you don’t see it appear in the wallet, you should import the token address of $BabyDoge by filling in the details in MetaMask. You can find them here.

Remembr that on the testnet swap, we had some issues swapping USDC or BUSD with BabyDoge. So let's try swapping BUSD for BabyDoge and see what happens:

It looks like the BabyDogeSwap testnet issues aren't reflected here. Slippage tolerance is well within 12%. There does not appear to be any problem with swapping BUSD for BabyDoge as well as for other pairs.

Let’s move to other features:
Liquidity and Asset Migration
The “Add Liquidity” button on the BabyDogeSwap platform allows you to add liquidity to specific token pairs.

Adding liquidity to any pair will earn you 0.2% returns on all swaps, proportional to your share of the liquidity.
You can also migrate your assets from PancakeSwap to BabyDogeSwap using BabyDogeSwap.

Farms and Pools
With BabyDogeSwap farms, you can lend and stake assets for interest and other rewards. You can get a pair if you don't have one by clicking the option on the left. For instance, for BNB/BUSD, you can form a liquidity pool by clicking on the BNB/BUSD pool on the left.

Place the respective amounts in the boxes to create the pools.

After that, you can click on “Supply” below to confirm the supply from your wallet.

You can also see your liquidity pair by going over the liquidity page.

Once you have created the pair, go back to the “Farm” page and click on “Enable” to make it available for farming.

Again, you need to confirm the transaction from your wallet, and voilà, your assets are now in the Farm.
The Pools section allows you to stake assets like BabyDoge to earn tokens like BabyDoge, USDC, or ETH.
Let’s go with BabyDoge. You just need to click on Enable followed by confirming the transaction from your wallet.

You can click on “Harvest” after you stake your assets to claim rewards. You can withdraw your staked assets anytime by clicking the “Withdraw” button.

Added Bonuses
Through the platform, you can vote on proposals as a community member. As you can see below, there is currently a community proposal. You can proceed and vote your preferences.
On BabyDogeSwap, you can also lock up your assets to maintain the value of a particular asset over the long term. Currently, BSW tokens from Biswap are available to lock.
Additionally, you can purchase tokens using fiat currencies on the platform. To do this, you must provide the BNB Chain token address. You can find it on BSCscan or CoinMarketCap.

At the time of writing, the total volume of BabyDogeSwap is $102.03K, with $17.98 million in liquidity. BSC News reached out to the BabyDogeSwap team to learn more about the DEX, but we didn’t get an immediate reply.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Swift and Chainlink Trials Pave the Way for the $10 Trillion Crypto Market

With the goal of expanding the crypto market from $1 trillion to $10 trillion, this partnership aims to seamlessly connect financial institutions' systems with various blockchain networks using Chainlink's Cross-Chain Interoperability Protocol (CCIP).
Chainlink and Swift Envision Blockchain Interoperability for Financial Institutions
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has partnered with Chainlink to explore the integration of blockchain networks into the financial industry. The collaboration aims to leverage Chainlink's Cross-Chain Interoperability Protocol (CCIP) to connect financial institutions' systems with various blockchain networks seamlessly.
We’re collaborating with our community to test how institutions can use their #Swift connection to seamlessly interoperate with the many #blockchain networks emerging around the world.
— Swift (@swiftcommunity) June 6, 2023
Building on successful trials in 2022, our new experiments aim to show how the Swift… pic.twitter.com/izS8HDNnj8
Several major financial institutions, including ANZ, BNP Paribas, Citi, and Lloyds Banking Group, will participate in trials to test the transfer of tokenized value over public and private blockchain networks.
During the trials, SWIFT's infrastructure will demonstrate how it facilitates interoperability by allowing tokenized assets to be transferred within public blockchain wallets, between public and permissioned blockchains, and from Ethereum to other public blockchains. Chainlink will act as an enterprise abstraction layer, connecting the SWIFT network to the Ethereum Sepolia network, while Chainlink's Cross-Chain Interoperability Protocol ensures interoperability between source and destination blockchains.
“Having a single interface for accessing the various blockchains that banks will have to transact on is both more secure and more efficient for their interaction with this new way of transacting among themselves and their clients. The connectivity between banks and blockchains created by CCIP can also enable the growth of DeFi, as banks will find it increasingly easy to interact with public blockchains and move value to and from them using their existing systems,” Sergey Nazarov, Co-Founder of Chainlink, told BSC News.
Connecting Banks and Blockchains
By successfully integrating major banks and clearing and settlement systems into web3, the collaboration aims to expand the crypto market from its current valuation of $1 trillion to $10 trillion.
“If even a small portion of the quadrillions of dollars in value flowing through the Swift network and its over 11,000 member banks makes its way onto blockchains, the entire blockchain industry could grow multiple times larger very quickly,” stated Nazarov.
As part of this collaboration, Swift and Chainlink will build upon previous SWIFT trials that were conducted in 2022, focusing on incorporating digital currencies and tokenized assets into the traditional financial ecosystem. The new experiments will address technical, operational, and regulatory challenges associated with operating in a blockchain environment., such as confidentiality and privacy of data, liability, and recourse when transacting with public blockchains.
SWIFT aims to establish an interoperable system that connects different blockchain networks, enabling financial institutions to seamlessly interact with multiple blockchain-based networks similar to traditional asset trading. The partnership recognizes the impracticality of building new infrastructure from scratch and instead seeks to help institutions leverage their existing infrastructure securely and compliantly.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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