♾️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.