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Author Topic: [ANN] SpookySwap an automated market-making(AMM) and decentralize exchange (DEX)  (Read 69 times)
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May 31, 2021, 05:45:08 AM
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SpookySwap
SpookySwap is an automated market-making (AMM) decentralized exchange (DEX) for the Fantom Opera network. Spooky is different from other DEXs because we're invested in building a strong foundation with our BOO token as a governance token, diverse farms, grants to encourage a healthy ecology of other Fantom projects, and user-centered service.

As of its launch in April 2021, Spooky has:
Earned endorsement and support from Fantom Foundation
Passed 4 proposals with the community with BOO as the governance token
Held airdrop event with Alchemix
Added official WOOFY sponsored farm
Established partnership with Popsicle
Maintained the lowest swap fee of 0.2%, and most diverse farms on the Fantom network.


Withdrawing FTM from centralized exchanges
If you have bought FTM from centralized exchanges, you can directly withdraw your FTM on Binance Smart Chain to the Fantom chain here:
Binance https://binance.com


Swap for FTM on SpookySwap
Once you are on the Fantom chain, you can swap for FTM on SpookySwap. You will need some gas in FTM to do this.
SpookySwap Swap Page


I have no FTM gas! Help!
You can receive gas in FTM every 24 hr from the Official Fantom


Swap
Token swaps on SpookySwap are a simple way to trade one token for another via automated liquidity pools.

The liquidity provided to the exchange comes from Liquidity Providers ("LPs") who stake their tokens in "Pools". In exchange, they get spLP (SpookySwap Liquidity Provider) tokens, which can also be staked to earn BOO tokens in the "farm".

When you make a token swap (trade) on the exchange you will pay a 0.2% trading fee, which is returned to liquidity pools in the form of a fee reward for liquidity providers. None of this fee is going to the treasury or dev fund like traditional DEXes.

Conversely, when you provide liquidity, you will earn that fee from holding spLP tokens whenever an exchange has occurred to that pair.





Roadmap
The roadmap lays out the planned features for Spooky. These are all subject to change based on community feedback and governance discussions.

Spooky Team is currently working on
Bonuses

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