Cross-Chain Swaps are Live on Fantom’s #1 DEX
The Spooky team is excited to announce that cross-chain swaps are here for Fantom and Spooky, thanks to our partnership with Axelar and Squid.
Axelar handles all cross-chain gas conversion from the source-chain token to the destination-chain token, which means users don’t need to maintain wallets on other chains, hold tokens to pay for gas, or make multiple hops to ensure the transaction completes.
How to Cross-Chain Swap
Spooky’s one-click cross-chain swap is just as easy as a swap on Fantom, with the additional step of selecting each network.
- Navigate to the Swap page on SpookyFi
- Select Cross-Chain from the tabs of the swap modal window
3. Select the networks you would like to swap between.
4. After selecting networks, choose which tokens you would like to swap
5. Set the amount and slippage of your trade as you would a typical swap order.
6. Click the Swap button and approve the transactions!
All cross-chain transactions can be tracked via AxelarScan, Axelar’s cross-chain block explorer.
The Axelar network is a blockchain that connects blockchains, enabling universal Web3 interoperability. The network is secured using proof-of-stake consensus, and messages are routed and translated using permissionless protocols. As an analogy, Axelar is like Stripe for Web3.
With Axelar, applications can call any function on any connected chain, and deliver a one-click experience for users on any other connected chain. This is a new kind of dApp development that puts users first and lets developers build on the platform best suited to their use case.
SpookySwap was the first native decentralized exchange for the Fantom Opera network bringing new capabilities to ETH-alternative networks such as being the first DEX to implement native limit orders outside of Ethereum, and the first DEX to implement a bridge built into the interface. SpookySwap is fully decentralized with governance by BOO being used to determine all new farms, single-stake pools, and farm weight adjustments. Spooky’s commitment to improving user experience and DeFi utility for Fantom resulted in the largest protocol on Fantom Opera by both TVL and volume.
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