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.

Read more ...

Pros

$15,561,618 USD currently invested (TVL)

Investments in 28 coin pairs available

Operating on Fantom Opera protocol

Cons

Investments in liquidity pools can be higher risk

Liquidity pool investments are only suitable for advanced crypto users

Spookyswap Staking Yields

Spookyswap Reviews

Spookyswap Fees

Spookyswap Supported Currencies

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

Spookyswap Key Data

Company

Automatic market maker	Yes
Year founded	2021
Decentralised	Yes
Non-custodial	Yes

Products

Savings accounts	Yes
Loans	No
Crypto to crypto exchange	Yes
Fiat to crypto exchange	No
Margin trading	No
Futures exchange	No

Fees

Maker fee	0.2% more ...0%
Taker fee	0.2% more ...0%

Useful Links

Spookyswap Contact Details