SpookySwap is a decentralized exchange (DEX) on the Fantom blockchain. It operates with an automated market maker (AMM) to provide constant liquidity for traders and allow them to trade against a liquidity pool. It also serves as a bridge between Fantom and other layer-one blockchains.
Token swaps allow customers to trade one token for another with liquidity in the pools. The exchange offers fees below the industry standard. Users can also add liquidity and earn from the swapping fees on the token pairs where they provided liquidity. With more than 18 token pairs, SpookySwap offers the most diverse yield farming opportunities on the Fantom blockchain.
Furthermore, there are single stake pools, where only one token type is needed to stake. In that case, users do not need an LP token and can earn from staking only the platform’s native BOO token. This allows them to get more assets and increase their share of fee-earning tokens.
There is also an NFT collection called Magicats, displaying the two mascot cat characters Grim and Ace.
Finally, the exchange offers a bridge to other blockchains like Ethereum, BNB Chain, Polygon, and Avalanche. Users require a wallet and gas tokens of the chain they are bridging from. The transactions can take between 10 minutes and 24 hours, depending on the traffic.
The SpookySwap founders are anonymous and work in a decentralized manner.
SpookySwap launched in April 2021 and has since earned endorsement and support from the Fantom Foundation and passed more than 50 proposals with its governance token.
SpookySwap does not have one location but works in a decentralized manner.
At the time of writing, there is no information about restricted countries on this exchange.
The exchange supports token swaps for all Fantom-based tokens.
At the time of writing, token swaps incur a 0.2% trading fee, with 0.22% for limit orders. 0.17% of that is returned to the liquidity pools as a fee reward and 0.05% is allocated towards stakers. Unlike other DEXes, no money returns to the treasury.
SpookySwap does not offer leverage or margin trading.
SpookySwap
Website
https://spookyswap.finance
Fees
https://docs.spookyswap.finance/products/exchange
Chat
https://discord.gg/AqbsWsWDgn
@spookyswap
https://twitter.com/SpookySwap