> For the complete documentation index, see [llms.txt](https://docs.jollof.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.jollof.fi/products/baki.md).

# Baki

Baki is an Infinite-liquidity FX protocol allowing for slippage free swaps between African currencies. The protocol allows users to deposit stable coins and mint overcollateralized, synthetic assets, called ***zTokens,*** that are pegged to African currencies, creating the **first on-chain implementation of African stable coins.** 

Any ***zToken*** can be burnt to mint the equivalent value, of ***zTokens*** in another currency. Currently, Baki supports the minting of US Dollars (***zUSD***), Nigerian Naira (***zNGN***), West African CFA (***zCFA***) and South African Rand (***zZAR***). 

All FX conversions between currencies are provided at the central bank rates, offering users access to dollar markets at the best possible rates.