Here are some platforms to know if you want to use them properly the network fantom and FTM crypto.
(You can read the article at Fantom to know how to use it in practice)
To make this ranking, we based ourselves on the amounts locked and used on the different platforms in order to measure their popularity and community engagement. We therefore mainly based ourselves on the amount of TVL.
Also, we selected the most popular in the Fantom ecosystem. Remember that depending on when you read this article, the rankings will differ.
SpookySwap: To make your bridges and swaps
This is perhaps the most "useful" tool when starting with Fantom. You can do almost everything on it.
Here are the services you can perform on SpookSwap:
- Bridge: You will be able to transfer your tokens on a network to the Fantom network. Or vice versa. However, you will not be able to send tokens from Ethereum to BSC for example. Like the Fantom network must always be used (whether to send or withdraw from the network). This can take between 10 and 24 hours for some tokens so be sure to only use this method if you have "the time".
- Swap : Of course, you can exchange network tokens at a lower cost on SpookySwap.
- Liquidity: Here, you can do liquidity mining for different pools.
- Staking BOO : We can also stack BOO and earn xBOO as a reward or even tokens of our choice (we chose to earn xFTM in our case).
- NFT : The platform has set up NFTs for users who wish them. This gives them access to other privileges like airdrops, for example.
In short, SpookySwap is essential for anyone who wants to be an active player on Fantom
In the same genre, we have Spirit Swap which we personally prefer because it offers even more services…That said, the two remain essentially equivalent.
SpiritSwap:
The SpiritSwap protocol adds incentives for Fantom network participants by introducing revenue sharing via the AMM (Automated Market Maker) loan.
SpiritSwap provides trading, exchange, limit orders, zapping, staking, farming, governance and many other features.
2/ Fantom Maker : Discover and invest in Fantom’s future projects
So the platform is not yet launched and moreover we will be able to participate in its IDO and invest in the token $FAME on the DAOMaker platform. It is not insignificant that the team chose
Each network has one or more launchpads to help them raise funds through public sales. The Fantom Maker project will be launched and effective on January 14, 2021 on the platform Dao Maker. Write this down in your diary if you want to be one of the first users of the platform and find Fantom projects in preview.
Tomb Finance: The first algorithmic stablecoin
beethoven-x
HectorDAO: deFi 2.0 takes off
We recently spoke to you about the challenge 2.0 and you know that there are more and more protocols qualified as challenge 2.0 on almost all networks. Fantom is no exception.
Among them, we cannot miss Hector.
Hector is a decentralized protocol that works with the $HEC token which is then collateralized and backed by reserves on the Hector DAO.
$HEC wants to be the reserve currency on Fantom, just like olympusDAO would like to be for the Ethereum network for example.
In order to maintain price stability, Hector will use the similar algorithm “Algorithmic Reserve Currency” and will also be supported by other decentralized assets.
? Go to the site HectorDAO
geist finance : The Aave version of Fantom
Geist Finance is a dApp widely used in the network and it is the equivalent of the very well-known Aave protocol. Geist Protocol offers a revenue-generating token sharing platform fee between token holders and tokens. liquidity providers.
Geist Finance is therefore a lending and borrowing marketplace on Fantom, where depositors can earn by providing liquidity. Additionally, borrowers can withdraw funds using oversized deposits. You can also stake on the GEIST token.
? Go to Geist.Finance
Artion: The NFT marketplace on Fantom
Artion is an NFT marketplace built on Fantom. There had to be one! Equivalent to opensea so if you already use the NFT marketplaces. It immediately became popular because one of the founders is Andre Cronje.
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Disclaimer: This content is for informational purposes and does not constitute financial advice. We strongly advise our readers to conduct their own independent research before committing to any investment.
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