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Home Platforms Spookyswap
Spookyswap reviews

Average rating of 68% based on 30 reviews.

Founded 3 years ago in 2021.

Decentralised exchange.

0.2% exchange (taker) fee.

Reviewed by Yunis
18 October 2022 (Updated 24 May 2024)

Spookyswap Crypto Platform

Spookyswap is a decentralized exchange (DEX) with an automated market-making (AMM) on the Fantom Opera Network that is launched in April 2021. Spookyswap is a new player in the rapidly growing decentralized finance (DeFi) space and it has been gaining a lot of attention lately. The platform is built on the Fantom chain and aims to provide a fast, user-friendly, and secure platform for buying, selling, trading, farming, staking and bridging cryptocurrencies. Spooky's bridging tools have a wide selection of chains, including Ethereum, BSC, Polygon, Avalanche, Arbitrum, Cronos, OKC, and Harmony networks.
 
BOO tokens are SpookySwap’s governance tokens and are used to make decisions in governance votes. There are also other benefits of using and holding BOO tokens. The first innovative tool for BOO holders is Buyback and Partner Pools (BBPP). The platform buys back BOO tokens with a portion of its revenue from trading fees. Purchased BOO tokens are distributed on the BBP pools. Users can lock their BOO tokens on a BBP pool and earn more BOO tokens. SpookySwap’s decentralized buyback program is a very promising innovative solution for DEXs. Buyback programs are usually made manually with an executive order by the administration. But Spooky stands out in this.
 
One of the main selling points of Spookyswap is its user interface, which is well-designed and easy to navigate. The platform's interface is very user-friendly, making it accessible to even those who are new to DeFi. Additionally, the platform offers a fast and efficient trading experience, with transactions being processed in a matter of seconds. Another important feature of Spookyswap is its security. The platform uses smart contracts to ensure that funds are stored in a secure and decentralized manner. This means that users have full control over their funds and don't have to rely on a centralized entity to manage their assets.
 
Spookyswap also offers a range of services besides swap and exchange. The underlying Fantom chain allows the platform to provide fast and efficient bridging services. This variety of options makes the platform suitable for cryptocurrency investors of all levels, from beginner to advanced. Users can also use liquidity farms and pools to generate passive income by holding some tokens. In terms of liquidity, Spookyswap has a growing list of supported tokens and the platform is quickly attracting more users and traders, which is driving up liquidity.

In conclusion, Spookyswap is a promising new decentralized exchange that offers a fast, user-friendly, and secure platform for trading cryptocurrencies. With its growing list of supported tokens, range of trading options, and user-friendly interface, Spookyswap is worth considering for those looking for a new DeFi platform to trade on. But considering the protocol’s short history, users should be advised to use the platform with caution. The platform has been fully audited by CertiK. But there have been unfortunate experiences, hacks and exploits even on the audited protocols. 

Pros

tick $15,561,618 USD currently invested (TVL)
tick Investments in 28 coin pairs available
tick Operating on Fantom Opera protocol

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Spookyswap Staking Yields

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Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
WFTM-BIFI
89.3%
BIFI 89.3% APY
WFTM
Fantom Opera
Instant Access
89.3%
BIFI 89.3% APY
WFTM
$27,234
WFTM-DAI
65.2%
DAI 65.2% APY
WFTM
Fantom Opera
Instant Access
65.2%
DAI 65.2% APY
WFTM
$32,991
WFTM-TOR
36.1%
WFTM 36.1% APY
TOR
Fantom Opera
Instant Access
36.1%
WFTM 36.1% APY
TOR
$19,537
WFTM-BEFTM
29.1%*
WFTM 27.4% APY
BEFTM
BOO 1.75% APY
Fantom Opera
Instant Access
29.1%*
WFTM 27.4% APY
BEFTM
BOO 1.75% APY
$194,328
USDC-WFTM
28.4%
USDC 28.4% APY
WFTM
Fantom Opera
Instant Access
28.4%
USDC 28.4% APY
WFTM
$412,269
FUSDT-WFTM
28%
USDT 28% APY
WFTM
Fantom Opera
Instant Access
28%
USDT 28% APY
WFTM
$108,197
WFTM-SPELL
27.1%*
WFTM 22.7% APY
SPELL
BOO 4.38% APY
Fantom Opera
Instant Access
27.1%*
WFTM 22.7% APY
SPELL
BOO 4.38% APY
$31,062
WFTM-BTC
20.7%
WBTC 20.7% APY
WFTM
Fantom Opera
Instant Access
20.7%
WBTC 20.7% APY
WFTM
$106,471
WFTM-DEUS
19.5%
WFTM 19.5% APY
DEUS
Fantom Opera
Instant Access
19.5%
WFTM 19.5% APY
DEUS
$516,926
WFTM-BEETS
19.4%*
WFTM 10.7% APY
BEETS
BOO 8.61% APY
Fantom Opera
Instant Access
19.4%*
WFTM 10.7% APY
BEETS
BOO 8.61% APY
$19,772
WFTM-MIM
18.2%*
WFTM 16.2% APY
MIM
BOO 2.05% APY
Fantom Opera
Instant Access
18.2%*
WFTM 16.2% APY
MIM
BOO 2.05% APY
$696,849
WFTM-BOO
16.8%
WFTM 2.9% APY
BOO
Fantom Opera
Instant Access
16.8%
WFTM 2.9% APY
BOO
$1,367,925
WFTM-MULTI
16.6%
WFTM 16.6% APY
MULTI
Fantom Opera
Instant Access
16.6%
WFTM 16.6% APY
MULTI
$25,594
USDC-BOO
16.1%
USDC 16.1% APY
BOO
Fantom Opera
Instant Access
16.1%
USDC 16.1% APY
BOO
$15,109
WFTM-SCREAM
14.7%*
WFTM 14.3% APY
SCREAM
BOO 0.48% APY
Fantom Opera
Instant Access
14.7%*
WFTM 14.3% APY
SCREAM
BOO 0.48% APY
$14,143
LQDR-WFTM
13.4%*
WFTM 12.8% APY
LQDR
BOO 0.52% APY
Fantom Opera
Instant Access
13.4%*
WFTM 12.8% APY
LQDR
BOO 0.52% APY
$13,045
WFTM-ETH
12.9%
ETH 12.9% APY
WFTM
Fantom Opera
Instant Access
12.9%
ETH 12.9% APY
WFTM
$175,429
WFTM-TREEB
9.13%
WFTM 9.13% APY
TREEB
Fantom Opera
Instant Access
9.13%
WFTM 9.13% APY
TREEB
$105,614
WFTM-BRUSH
5.57%*
WFTM 5.11% APY
BRUSH
BOO 0.46% APY
Fantom Opera
Instant Access
5.57%*
WFTM 5.11% APY
BRUSH
BOO 0.46% APY
$14,754
WFTM-AVAX
4.6%
AVAX 4.6% APY
WFTM
Fantom Opera
Instant Access
4.6%
AVAX 4.6% APY
WFTM
$41,016
* Rates are tiered according to deposit size. Hover on rate for further details.
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Spookyswap Reviews

Based on a total of 30 reviews across the web for Spookyswap we gave the platform an overall rating of 68%.

User Reviews
Overall User Rating
68%
30 reviews 30
Cryptowisser
70%
26 reviews 26
Trustpilot
62%
3 reviews 3
Is This Coin a Scam
20%
1 review 1
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Spookyswap YouTube Reviews

Spookyswap Fees

Fees
Exchange maker fee 0.2%
Exchange taker fee 0.2%

Spookyswap Supported Currencies

Spookyswap supports over 100 currencies including Ethereum, Tether USDt, Avalanche and Chainlink.

Spookyswap Key Data

Company
Automatic market maker tick Yes
Year founded 2021
Decentralised tick Yes
Non-custodial tick Yes
Products
Savings accounts tick Yes
Loans cross No
Crypto to crypto exchange tick Yes
Fiat to crypto exchange cross No
Margin trading cross No
Futures exchange cross No
Fees
Maker fee 0.2% more ...0%
Taker fee 0.2% more ...0%

ALooking at reviews from across the web, Spookyswap has an average review score of 68% based on 30 reviews.

Useful Links

Spookyswap Contact Details

https://spooky.fi/

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