SpookySwap

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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 the 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

Overview

Swap

Token swaps on SpookySwap are a simple way to trade one token for another via automated liquidity pools. On Spooky, users 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, users 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. Users can supply liquidity and start earning fees via adding liquidity here. The liquidity can earn even more rewards (BOOs) if they're staked at farms.

When users provide liquidity, they 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. There are 18+ pairs for you to stake, one of 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, users immediately receive xBOO tokens as proof, which can be staked in partner pools to earn other tokens.

xBOO

The buyback single-stake pool is where users can stake BOO and receive xBOO tokens. It only requires 1 ingredient, BOO, hence the name "single-stake."

With the xBOO you receive, users can stake to earn other tokens in the pool list. The staked xBOO will continue to participate in the Buyback Pool and earn more BOOs.

Bridge

SpookySwap's bridge supports moving tokens from Ethereum, BSC, Arbitrum, Avalanche, Polygon and others to Fantom and vice versa.

Limit Order & Expert Mode

On SpookySwap, users can swap tokens by placing a limit order above or below market price which functions like any CEX. With expert mode, it gives better interface to users who love to use trading view and do Technical Analysis.

Planned Features

Magicats NFT Staking[2]

An NFT can be bought from PaintSwap which is used to boost yield farming.[3]

References