SpookySwap Development Update #4

Growth in daily volume has contributed to an increase in fees generated for LP providers

Data Recap: July 2021

  • Total Volume: $57,418,520
  • Average Daily Volume: $5,028,571
  • BOO Holders: 25,125
  • BOO Market Cap: $11,836,000
  • xBOO APR: 54.79%
  • Rewards for LPers + xBOO: $311,000
SpookySwap has seen a sharp increase in its Liquidity during the past week

Site Improvements

Several site improvements have been made since our last development update:

  • The BOO price is now listed in both USD and FTM, since the value of BOO has been shown to be correlated to FTM.
  • Our homepage now has an updated list of cross chain collaboration and partners.
  • The CertiK tag has been added to each page which can be clicked to view our audit report.
  • Our Analytics page is now able to display the full history for SpookySwap tokens and pairs, starting from our launch date April 17th.
Our list of Cross-Chain partnerships continues to grow

SpookySwap Bridge

Our most significant site update has been the inclusion of our SpookySwap Bridge page, which creates a user friendly UI for correctly and quickly bridging tokens supported by Anyswap onto Fantom Opera. The SpookySwap bridge will expand support to additional tokens based on community requests and availability on Anyswap.

Information is displayed in a clear and concise modal
Our drop-down menu exclusively shows Fantom, Ethereum and BSC to avoid incorrect transactions
ETH can be wrapped without leaving the SpookySwap site

Limit Orders

Limit orders have recently been upgraded to include setting orders below market price. This update included minor fixes to improve mobile functionality and saves live orders as browser cookies to improve stability. We hope limit order functionality for both below and above market price orders attracts serious traders to use SpookySwap, and we will continue to provide features to encourage active trading.

The Invert feature allows for placing orders below market price

Governance and Partnerships

Two new farms went live as part of recent SpookySwap proposals to add FTM-MIM and FTM-KEK as farms. We’re excited for Abracadabra.Money and Cryptokek to support the Fantom network with new capabilities, and we hope to continue to work with KEK to provide detailed analytics for tokens listed on SpookySwap.

Original SpookySwap art created for the Reaper promotion
  • Atari
  • YEL

Social Outreach

Our main focus of social engagement has been to bring liquidity currently on other networks onto Fantom Opera. In late June, Alpha Finance Lab Homura V2 stakers on the ethereum mainnet received BOO and FTM. Also during the past month, we launched our first #BuildOnOpera contest for Fantom community members to create infographics, guides, or videos showcasing the strengths and advantages of the Fantom network, which featured $2000 in BOO awarded to five winners as well as $2000 in FTM thanks to the matching prize provided by the Fantom Foundation. We hope the content created during the contest will be used by the entire Fantom community to share and promote the Fantom network.

“What’s so special about the Fantom blockchain” by Dat Boi
Showing supported bridges and top TVL dapps gives a good overview of what’s popular on Fantom
The real world application of Fantom is a major feature that shouldn’t be overlooked
Several Twitter profile pictures now feature our mascot Grim’s iconic hat

NFTs

Our Erlenmeyer Cat NFTs became available for sale on ZooCoin and quickly sold out. We will continue to sell NFTs through ZooCoin so please be sure to follow our Twitter, Discord, and community Telegram for the latest NFT announcements.

More NFTs on ZooCoin will be available soon for purchase

Next Steps

The SpookySwap bridge was a significant undertaking and we’re fortunate our team has the needed specialists to create a widely adapted and well-received bridging utility. SpookySwap has yet to outsource any site functionality, and all updates are created by core team members.

  • detailed charts
  • an NFT platform
  • an Initial Coin Offering platform
  • deploying BOO to Ethereum or other networks.
Neist’s RPC aggregator handles over 200,000,000 requests a day

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