SpookySwap is a Fantom Opera network automated market-making () Decentralized Exchange (DEX).[2]


The SpookySwap is different from other DEXs. It is designed in building a strong foundation with the BOO token as a governance token, diverse farms, a built-in bridge, built-in limit orders, and user-centered service.[3]
Spooky utilizes the Fantom network to deliver top speed, security, and scalable transactions.  SpookySwap stresses the BOO token as a governance token and a variety of farms to entice users to join this Fantom project and help it grow.[4]
Token traders on SpookySwap, in particular, are charged a 0.2 percent commission (0.22 percent for limit orders), giving them a competitive advantage over their competitors. [1]

BOO Token

The BOO token is SpookySwap's tradable governance token. When using Spookyswap's DeFi services, BOO tokens benefit holders in general.  On the SpookySwap platform, users can take advantage of BOO tokens in multiple ways, including:

  1. Providing Liquidity in pools allows users to earn the swapping fees from the pairs.
  2. BOO token is the governance token of SpookySwap for voting on changes to the protocol. That feature contributes to making SpookySwap decentralized.[5]
  3. By depositing BOO in the buyback BOO pool, users get xBOO in return as the share of their stake.[6]
  4. BOO tokens are also used to participate in IDO sales on FTMpad - the first IDO platform on Fantom Opera

How does SpookySwap work?

SpookySwap offers an easy way to swap one token for another via automated liquidity pools. Like other popular DEXs on different blockchains, the swapping rate is calculated by an AMM constant-product formula x*y=k.

On SpookySwap, when trading tokens, users are required to pay a 0.2% fee (0.22 for limit orders). Liquidity Providers earn 0.17% of that as BOO rewards, and 0.03% goes to xBOO holders. None of the trading fees go to any DAO treasury or development funds.

When providing Liquidity, you receive spLP (Spooky Liquidity Provider tokens) representing your share in the liquidity pool. For example, by depositing $BOO and $FTM tokens into a pool, users receive BOO-FTM spLP tokens in return.


SpookySwap has forged deep alliances with major initiatives like as  (ALPHA), AnySwap, Yearn Finance Network (YFN), Beefy, and others. As a result, SpookySwap and other projects are banding together to strengthen their competitive position.

See something wrong? Report to us.


Commit Info

Edited By

Edited On

September 30, 2022


Average Rating

No ratings yet, be the first to rate!

How was your experience?

Give this wiki a quick rating to let us know!

Twitter Timeline





Join the IQ Brainlist

Sign up for the IQ Brainlist to get early access to editing on the site!

Join Now

Subscribe to our newsletter

The IQ Ecosystem Report will keep you updated on everything IQ.

Subscribe's vision is to bring blockchain knowledge to the world and knowledge onto the blockchain. A part of Brainfund group


What's IQ?StakingBonds


About usCareersBrandingIQ GPTIQ Dashboard

© 2024 Powered By BrainDAO & IQ