SpookySwap
SpookySwap[1] is an automated market-making (AMM) decentralized exchange (DEX) for the Fantom Opera network. Different from other DEXs, SpookySwap invested in building a strong foundation with our BOO token as a governance token, diverse farms, a built in bridge, built in limit orders and user-centered service.
As of its launch in April 2021, Spooky has:
- Earned endorsement and support from Fantom Foundation
- Passed 7 proposals with the community with BOO as the governance token
- Held airdrop event with Alchemix, Alpha Finance Labs
- Added official WOOFY sponsored farm
- Established partnership with Popsicle
- Maintained the lowest swap fee of 0.2% (0.22% for limit orders), and most diverse farms on the Fantom network
- Been fully audited by Certik
- Made a bridge for Fantom crossing to and from Ethereum, BSC, Polygon, Avalanche, Arbitrum, and OKExChain
- Been listed on CEX, Hotbit
- Supports Coinbase Wallet
Products
Swap
Token swaps on SpookySwap are a simple way to trade one token for another via automated liquidity pools. On Spooky, you can trade at market price, or set a specific price for a limit order that can be triggered 24/7!
When you swap (trade) on the exchange, you will pay a 0.2% trading fee (0.22% for limit orders), of which 0.17% is returned to liquidity pools as a reward for liquidity providers and 0.03% to xBOO Stakers.
None of this fee is going to the treasury or dev fund like traditional DEXs.
Liquidity
Adding liquidity allows the contributor to earn 0.2% swapping fees from the pairs they've provided. You can supply liquidity and start earning fees via adding liquidity here. Your liquidity can earn even more rewards (BOOs) if they're staked at farms!
When you've provided liquidity, you will receive spLP tokens (Spooky Liquidity Provider tokens) as proof of contribution.
For example, if a user deposited $BOO and $FTM into a pool they would receive BOO-FTM spLP tokens. These tokens represent a proportional share of the pooled assets. These spLP tokens can be staked at farms to earn BOO. We have 18+ pairs for you to stake, the most diverse farms on Fantom chain.
Liquidity Farm
The Liquidity farm is the place to stake your spLP (Spooky Liquidity Pair tokens) to earn BOOs. These farms provide incentives to people providing liquidity to SpookySwap and help offset Impermanent Loss risk.
Single Stake Pools
Single-stake pools is where only one type of token is needed to stake. No LP token-making is required, but the concept is similar to making a liquidity token (LP), and staking that LP in a farm to earn other tokens.
By staking BOO, you immediately receive xBOO tokens as proof, which you can stake in partner pools to earn other tokens.
xBOO
The buyback single-stake pool is where you can stake your BOO and receive xBOO tokens. It only requires 1 ingredient, BOO, hence the name "single-stake".
With the xBOO you receive, you can stake to earn other tokens in the pool list. The xBOO tokens that you've staked will continue to participate in the Buyback Pool and earn more BOOs!
Bridge
Have tokens on other chains but the grass is greener on Fantom? SpookySwap's bridge supports moving tokens from Ethereum, BSC, Arbitrum, Avalanche, Polygon and others to Fantom and vice versa.
Additional Feature
Limit Order & Expert Mode
On SpookySwap, users can swap token by putting limit order above or below market price which function like any CEX trading functionality as well as monitoring current and past trading order. While expert mode, it give better interface to user who love to use trading view and do Technical Analysis.
Coming Soon Feature
Magicats NFT Staking[2]
NFT can be bought from PaintSwap. Can be used to boost yield farming[3]
#WIP - 25/4/2022