SpiritSwap

Thing ∙ ID: 11041

A decentralized exchange on the Fantom Opera Chain launched in April 2021. It functions as an automated market maker where users provide liquidity by depositing token pairs into pools and earn fees from swaps. Traders can exchange tokens against these liquidity pools. SpiritSwap incentivizes liquidity through yield farming, allowing users to stake SPIRIT-LP tokens to earn SPIRIT tokens. These governance tokens enable participation in the DAO for voting on protocol parameters and development decisions. SPIRIT token holders also benefit from protocol revenue, integrating liquidity provision, trading, governance, and revenue sharing within a decentralized framework on the Fantom blockchain.