Baguette

Reflecting on the Avalanche AMM/DEX ecosystem

Several AMMs (Automated Market Makers) running on the Avalanche network already exist but they are not always easy to use for everyone. The risk of Impermanent Loss (IL) is real for anyone who provides liquidity in order to farm on such platforms.

The Avalanche ecosystem lacks a platform that provides both farming for people already familiar with the process and staking options for others who are searching for a way to earn yield on their existing cryptocurrency portfolio.

How Baguette addresses this issue

Baguette will not be yet another AMM but aims at providing a platform that offers various ways of earning returns, including through staking without the risk of being exposed to Impermanent Loss.

The goal of Baguette is to bring solutions that can be found on other platforms like the Binance Smart Chain, such as staking pools but running on the most decentralized network, Avalanche.

Introducing $BAG, the Baguette token

No one can deny most DEX/AMM projects are subject to high inflation. The goal of Baguette with $BAG is to reward users while keeping inflation under control and avoid sharp depreciation of the token price.