According to data from the decentralized exchange, Baby Doge The total value (TVL) locked in the swap exceeded $18 million. At press time, BabyDoge Swap’s TVL is currently worth $18,287,096 ($18.28 million).
The development is also available on Baby Doge Swap’s official Twitter account. announced.
We just passed $18m TVL on https://t.co/UAopqnkXjR 🐶🙌 pic.twitter.com/VEcIrPYVAH
— BabyDogeSwap.com LIVE (@BabyDogeCoin) October 10, 2022
Koinfinans.com As reported by Baby Doge Swap, a decentralized exchange launched last week to boost the use case of the project. DEX is built on Binance Smart Chain. The platform facilitates users to exchange Binance Coin (BNB) and all BSC-based tokens, including the project’s native cryptocurrency BabyDoge.
Baby Doge Swap also offers yield farming in BUSD/USDT pairs with users eligible to receive up to 6,000% APY rewards for providing liquidity. However, APY rewards are expected to decrease as more liquidity providers use the service.
BabyDoge Will Be Burned Using DEX Charges
Despite charging low fees for transactions on the platform, BabyDoge still decided to allocate a portion of its transaction fees to purchase and burn Baby DogeCoin. choosed.
BabyDoge has a total supply of 420 quadrillion tokens, including a circulating supply of 160.9 quadrillion. The community believes that the massive amount of BabyDoge total supply negatively affects the price of the token, hence the need to burn some of it.
In July, Baby Doge Coin held its biggest burning event, burning 50 quadrillion cryptocurrencies worth approximately $88 million.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.