The Balancer cryptocurrency is the reward token that fuels the Balancer market maker protocol. The Balancer protocol serves as a liquidity provider and a non-custodial portfolio manager. Unlike other automatic market maker protocols, such as Uniswap, Balancer is designed to provide a general solution that can be customized for a variety of trading pools with different distributions. It uses smart order routing to send trades to trading pools with the best rates available, and rewards traders by paying them a fee for increasing the liquidity of these pools.

The Bakery Token fuels the Bakery Swap ecosystem, which offers liquidity pools for a variety of altcoins. Users can earn BAKE tokens by providing liquidity on Bakery Swap's platform in exchange for a portion of the trading fees generated. Bakery Token holders can also use their tokens to participate in governance voting and to receive transaction fee dividends. Bakery Swap uses a decentralized automated market-making (AMM) protocol that is built on the Binance Smart Chain. It was created by an anonymous group of developers and is governed by a DAO structure.

PancakeSwap is a decentralized exchange built on the Binance blockchain. It allows users to stake their funds in return for the protocol’s tokens, and uses an automated market maker (AMM) model to enable users to trade BEP-20 tokens on the platform without an order book. PancakeSwap is similar to Uniswap and SushiSwap, and rewards users for depositing funds to the liquidity pool with PancakeSwap tokens that entitle holders to a portion of the trading fees generated on the platform.