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ApeSwap is a decentralized finance (DeFi) platform overseen by the ApeSwap Decentralized Autonomous Organization (DAO). Users get started by interacting with the ApeSwap community, utilizing its DeFi platforms, and buying the native utility tokens, BANANA and GNANA. BANANA is an inflationary token without a limit on its total supply and is meant to incentivize liquidity providers, and GNANA rewards users by granting access to governance and benefits.
Users can swap between various cryptocurrency tokens on BNB Chain, Polygon, and Ethereum, utilizing the decentralized exchange. They can also create liquidity amongst cryptocurrency token pairs to get liquidity provider (LP) tokens.
The LP tokens can earn trading fees (liquidity mining) and can be staked in Yield Farms to earn BANANA. Users can stake BANANA or GNANA to earn tokens from other partner projects. The ApeSwap lending network allows them to lend and borrow crypto assets. They can also participate in Initial Ape Offerings for other crypto projects.
ApeSwap (BANANA) is an automated market maker, profitable farming and staking platform on Binance Smart Chain (built on top of PancakeSwap).