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Official Site® | SpookySwap®

NextQuickstart

Last updated 9 hours ago

SpookySwap is a decentralized exchange and automated market maker (AMM) built on the Fantom blockchain, offering users a fast, secure, and scalable solution for swapping tokens. Unlike traditional exchanges, SpookySwap operates without intermediaries, using liquidity pools funded by users to execute trades directly from their wallets.

Step-by-Step Guide: How to Use SpookySwap

Step 1: Set Up a Crypto Wallet

To use SpookySwap, you’ll need an Fantom-compatible wallet, such as:

  • MetaMask (configured to the Fantom network)

  • Trust Wallet

  • Ledger (for hardware security)

Step 2: Fund Your Wallet

Transfer FTM or other Fantom-compatible tokens to your wallet. FTM is required to cover gas fees.

Step 3: Connect Your Wallet to SpookySwap

  • Visit the official SpookySwap.

  • Click “Connect Wallet” and select your preferred wallet.

  • Approve the connection request.

Step 4: Swap Tokens

  • Choose the token you want to swap from and the token you want to receive.

  • Enter the amount and review the transaction details, including slippage and fees.

  • Confirm the swap through your wallet.

Step 5: Provide Liquidity (Optional)

  • Navigate to the Liquidity section and deposit token pairs to earn LP tokens.

  • Use LP tokens to participate in yield farming and earn additional rewards.

Frequently Asked Questions (FAQ)

1. What is SpookySwap?

SpookySwap is a decentralized exchange and automated market maker on the Fantom blockchain, offering token swaps, liquidity provision, and yield farming.

2. What are BOO tokens?

BOO is the native token of SpookySwap. Users can stake BOO in the xBOO pool to earn rewards or use it for governance and yield farming.

3. How do I earn rewards on SpookySwap?

You can earn rewards by:

  • Providing liquidity and earning a share of trading fees

  • Staking BOO tokens to receive xBOO

  • Participating in yield farming

4. Is SpookySwap secure?

Yes, SpookySwap is a non-custodial platform with audited smart contracts to ensure the security of users’ funds.

5. What is the advantage of using Fantom?

Fantom offers fast transaction speeds and low gas fees, making it ideal for DeFi applications like SpookySwap.

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