📢New Lending Network: BabySwap on BNB Chain
After our most recent announcement, we’re excited to deploy yet another Lending Network — this time with BNB-based project BabySwap! While Ola remains chain agnostic, BabySwap’s lending network makes for Ola’s 4th instance on BNB Chain. Exciting!
Meet BabySwap
At the heart of the protocol is an AMM designed for newborn projects on BNB chain. A number of features compliment their AMM for young projects such as their Initial Farm Offering (IFO) to help launch new tokens and Vaults which reward staked LP tokens from other platforms (Eg. PancakeSwap). While BabySwap supports additional DeFi derivatives like perpetual trading, they stand apart with their emphasis on the Baby Metaverse — a crypto world for users to trade, earn, and play. Key features of their MetaFi include virtual land in Baby Wonderland, an NFT marketplace complete with user dashboard, an Initial NFT Offering (INO) launchpad, and many gamified tasks and activities for earning daily rewards.
BabySwap Lending Network
Adding to their MetaFi sweet is their lending network, offering lending and borrowing for ETH, BTCB, BNB, BUSD, and BABY. The following parameters have been set for the initial launch:
New tokens can be added at any time according to BabySwap’s governance procedure.
BNB Chain
Binance Chain and Binance Smart Chain have formed together as BNB Chain since February 15, 2022. BNB stands for “Build and Build”, and the BNB token is used for fueling transactions (similar to gas on Ethereum) in addition to serving as a governance token.
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