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.

Staking and farming on Baguette

For the first batch, 2.5M tokens, representing 1% of the total supply will be allocated to staking and farming rewards. Baguette brings to the table the possibility for its users to choose to simply stake AVAX or BAG without the need to provide liquidity to pools and receive BAG tokens without exposing their investments to volatility through impermanent loss.

Simple staking

● AVAX: 100K BAG rewards

● BAG: 400K BAG rewards

Liquidity pools (2M BAG total rewards)

● AVAX/BTC: 117647 BAG

● AVAX/ETH: 117647 BAG

● AVAX/LINK: 117647 BAG

● AVAX/USDT: 117647 BAG

● AVAX/DAI: 117647 BAG

● BAG/AVAX: 235294 BAG

● BAG/BTC: 235294 BAG

● BAG/ETH: 235294 BAG

● BAG/LINK: 235294 BAG

● BAG/USDT: 235294 BAG

● BAG/DAI: 235294 BAG

2.5M BAG tokens will be effectively distributed during the first month of existence of Baguette to the users of the Baguette platform. At the end of the first month, the second batch of rewards will be decided and announced by the team.

Our ultimate goal is to have a controlled inflation, meaning that rewards should decrease over time to allow a healthy growth of the BAG token and reward BAG holders and the community through token price appreciation.