Fantom can offer a lot as a smart contract platform: (1) low gas fees (2) short block times (3) more decentralized than BSC (4) EVM compatible (read more here). These advantages can allow a DeFi ecosystem to flourish on Fantom. Fantom already has an AMM (SushiSwap), money-market (Cream), and stablecoin AMM (Curve). However, each of these protocols have poor liquidity (on Fantom). Why? Because incentives such as yield farming aren’t there!
For example, Fantom users have no way of earning Sushi through farming SushiSwap on Fantom. Communities like SushiSwap’s are…
Hey SpiritSquad! Firstly, thanks for being such a superb community. We are really enjoying building with you guys, and are incredibly excited thinking about what the future holds for this project. Although most of you probably already know, we are very proud to announce that our MixBytes audit is out and clean! http://www.tinyurl.com/spiritaudit
The tokenomics presented below are merely suggestions from the team. If the DAO decides to deviate from these tokenomics, the SPIRIT max supply, emissions schedule, etc., will be subject to change.
Let’s dive into it!
For a brief time, SpiritSwap has been using a burn contract that has been utilizing earned liquidity pool (LP) fees to buy back and ‘burn’ SPIRIT tokens. There has been praise from the community for doing so, however there are always two sides to any situation. Internally, SpiritSwap has been growing its team on all fronts. We have been hiring top talent in order to provide the community with the best product possible. This brings along increased expenses, which is currently funded by SPIRIT tokens. …
SpiritSwap is pleased to announce a partnership with Graviton!
Graviton is a multichain DeFi solution that facilitates cross-chain capabilities for tokens. Not only does Graviton seamlessly wrap assets to make them available cross-chain, it also offers liquidity incentives through Graviton Catalyst. Its diverse infrastructure and partnerships with bridges, cross-chain wallets, and AMMs position Graviton to be the first bridge aggregator in the DeFi space.
Graviton and SpiritSwap have established a mutually beneficial relationship that will enhance the cross-chain DeFi experience for many users. One of SpiritSwap’s overarching objectives has been to bring assets and liquidity into the Fantom ecosystem. …
Find “Steps To Enter” Below
We, the SpiritSwap team, will be hosting our first #SpiritSwapMeme contest for our community! Memes are fun and easy to make, so we call on our whole community to jump in and give this contest a shot!
We want to laugh, so we will be voting on the funniest Spirit meme. And you never know, maybe the artwork will inspire our brand mascot, or shall we say, spirit animal. You may be lucky and earn a piece of the $1000!
A native DEX for the Fantom blockchain. Trading, staking, farming, and more to come!