### What is Spookyswap?

Spookyswap is a decentralised exchange (DEX) and automated market-making (AMM) platform built on the Fantom Opera network. It provides a variety of DeFi functions, including token swapping, liquidity provision, yield farming, cross-chain bridging, and NFT minting.

### How does Spookyswap work?

Spookyswap operates on the Fantom Opera network utilising a Proof of Stake (PoS) consensus mechanism. It employs an algorithmic constant function \(X * Y = K\) for price setting in liquidity pools, enabling efficient token swaps and liquidity management. Smart contracts execute orders and manage these pools without intermediaries.

### What are the potential use cases for Spookyswap?

Potential use cases for Spookyswap include functioning as a decentralised exchange and AMM for token swaps, governance participation via the BOO token, cross-chain asset bridging, and opportunities for staking and earning through yield farming.

### What is the history of Spookyswap?

Founded by Eerie and ooGwei, Spookyswap launched in 2021 as the first native AMM DEX on the Fantom Opera network. It has achieved significant milestones, such as integration of cross-chain bridges, undergoing a Certik audit, and fostering NFT and community-driven governance.

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