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…
SpiritSwap is delighted to reveal our newest integration with Liquid Driver. With our goal of delivering solid liquidity to the Fantom ecosystem as well as lucrative yield integrations for our loyal users, this partnership was a no-brainer for both parties.
Firstly, for those who are not aware, let’s shed some light on what Liquid Driver is and where it fits into “the fold”. Liquid Driver is Fantom’s first liquidity mining dApp offering on-demand liquidity as a service. …
We hope this article can help explain this inSPIRIT wrapper more clearly
winSPIRIT → More SPIRIT locked forever and off market → Higher SPIRIT price → Higher farming APRs → More liquidity → More volume → More swap fees → More SPIRIT buybacks → More SPIRIT distributed to inSPIRIT holders
winSPIRIT is a wrapped version of inSPIRIT that autofarms can create to incentivize their…
SpiritSwap is excited to take our partnership with Grim.Finance to the next level, delivering a new use case for inSpirit. Introducing GinSPIRIT!
By combining the power of our newest feature (inSPIRIT) with Grim Finance’s auto compounding smart vaults, a new masterpiece of yield optimization has been created !
Together, the Grim.Finance and SpiritSwap teams are now able to offer a whole new paradigm of staking and farming opportunities. Via the Grim. Finance platform, SpiritSwap liquidity providers will be able to earn trading fees and claim boosted inSPIRIT without locking SPIRIT themselves.
Grim Finance’s revised vaults now add an additional layer…
Lending is now live on SpiritSwap’s lending network, thanks to Ola.finance!
Earlier this week, we announced the launch of SpiritSwap’s initial decentralized lending network. This service runs using the Ola Finance lending protocol, adopting the configurations discussed in our previous article.
Here, we aim to provide you with a brief overview on how to actually operate with this powerful tool by supplying or borrowing your digital assets, on the SpiritSwap lending network.
Available digital assets include USDC, FTM, wETH, wBTC, BNB and of course, SPIRIT. In…
With Starter already dominating the launch pad space across Polygon and Binance Smart Chain, they now have their sights set on Fantom as a catalyst for driving growth and adding liquidity across the ecosystem we all share a passion for. SpiritSwap is thrilled to announce our partnership with Starter, which will deliver more value and an opportunity for our users to gain early access to some of the most promising projects launching on Fantom.
Having raised more than $20M USD in fundraising rounds, Starter widely proved its valuable support to projects across different chains. After realizing Fantom’s potential due to…
Hey SpiritSquad! We hope you enjoyed meeting Charon!
Today, we’d like to introduce something very special we’ve been developing for the last few months. As the saying goes, “good things take time”, and we must say that we are very proud of how this project turned out.
It’s with great pleasure that we finally unveil inSPIRIT!
We are pleased to announce that lending via SpiritSwap is set to launch next week!
In this article, we’ll explain in-depth how this new DeFi protocol differentiates from existing services, along with the parameters and configurations that have been put in place for its deployment.
While the SpiritSwap lending network is similar to lending networks like Compound in some respects, there is one major difference. Our partner, Ola Finance, provides the ability to create isolated instances of lending, across different networks.
Compound, Aave, and other liquidity/lending…
Over the last two months Ola has been working closely with the core SpiritSwap team towards building out a slick lending network.
During this process, we were honored to have the opportunity to work with our beta testers from the Spirit community, who have been giving us valuable feedback to iterate toward a final version. We are almost there! We would like to take a moment to thank them for their efforts, so thank you Elder spirits.
A lending network is a platform that allows users to deposit tokens and utilize them as collateral for borrowing other tokens.
Hello SpiritSquad! As you may have noticed over the last two weeks, there has been much excitement about what our team have been cooking up surrounding our Spirit guide, “Charon”, and “Spirits of the Month” (SOM).
To engage our loyal community, we decided to create something that’s never been done before.
Without further ado, let me introduce “Charon”, our new bot, custom built thanks to FTM bot scientist (rabTAI) and SpritSwap admin (Nzaru), who will enable loyal SPIRIT holders access to an exclusive rewards and giveaway club on Discord.
Those who have at least 2,500 SPIRIT will have the opportunity…