SpookySwap

Market Making

SpookySwap is a decentralized exchange native to Fantom that allows anyone to trade crypto assets and provide liquidity to earn trading fees.

Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
What we like
Spookyswap is a decentralized exchange with lower gas fees and offers a wide range of crypto assets so anyone can become a liquidity provider on Fantom.
What we like less
Spookyswap offers more exotic long-tail assets that may be exposed to fundamental security risks and rug pulls. This would result in a two-sided liquidity pool being completely drained in the event of bad actors or any exploits.
What it means for you
Offers an attractive marketplace for you to earn yield due to its high total value locked (TVL) and significant volume.
Information
Exploit/Hacks
None
Info
  • Website
  • Token: BOO
  • Tags: Market Making
Key Metrics
  • TVL: $28.6M (Rank #111)
  • TVL Ranking by Market Making: #0
  • Blockchain: Fantom, Horizen EON, EON, Bittorrent
  • Chain TVL
    • Fantom: $25.45M
    • Horizen EON: $2.91M
    • EON: $1.96M
    • Bittorrent: $196.75K
Risk Assessment
Average
Protocol Code Quality
  • Code reviewed by at least one experienced auditor; CertiK audited in June 2021
  • Anonymous team reduces transparency
  • No documented protocol hacks since launch
Protocol Maturity
  • Core protocol launched in 2021; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Top 5% by total value locked reduces risk
  • Core contracts require on-chain voting for parameter updates
  • At least one critical governance issue documented
  • Low voting power concentration reduces risk
Protocol Design
  • No death spiral concerns
  • This protocol is susceptible to risks related to decentralized exchanges (DEXs), such as impermanent loss
  • Spookyswap is a Uniswap fork implemented on the Fantom chain
Things to know about SpookySwap

How Spookyswap works

Spookyswap is an automated market maker (AMM) built on Fantom to leverage its faster speed and low gas fees. AMMs rely on liquidity pools rather than traditional order books to execute decentralized trades. The liquidity pools are funded by users who deposit two tokens in equal proportion in exchange for a liquidity provider (LP) token that represents their claims to their share of the total pool, plus a portion of trading fees. On Spookyswap, users can earn additional yield by locking up their LP tokens to farm for native protocol tokens.

How Spookyswap makes money

Spookyswap charges a 0.2% fee on all trades within a liquidity pool. Of this amount, 0.17% is paid to LPs as a reward for providing liquidity and 0.03% to BOO stakers (xBOO). The protocol uses the earned fees to market buy BOO and distributes it to xBOO holders.

How you make money on Spookyswap

You can provide liquidity to earn 0.17% of trading fees on Spookyswap. You can also stake BOO (xBOO) on the platform to earn 0.03% of all protocol fees.

SpookySwap Pools
Spookyswap FTM-BOO Market Making
30.7%
Yield
$4M
TVL
Risk
B
Protocol
SpookySwap
Chain
Fantom
SpookySwap FTM-USD Market Making
151%
Yield
$135K
TVL
Risk
D
Protocol
SpookySwap
Chain
Fantom