Gelato are Thrilled to Announce Integration with Spooky Swap
As more and more users get onboarded into DeFi in a multichain world, the demand for AMMs to implement trader-friendly features grows with it.
Spooky Swap has taken a massive leap in this direction and now offers native limit orders, powered by Gelato, on their platform.
SpookySwap is the first AMM to support limit orders on Fantom which will allow users of all sizes to have more agency over their trading experience.
“Limit orders have been a highly requested feature based on community feedback,” says EerieEight, lead developer of SpookySwap. “Not only will this empower our investors with financial tools to improve their return on investments, our collaboration with Gelato will expedite the release of additional features coming soon to the SpookySwap platform. We’re very excited to bring new capabilities to Fantom Opera.”
SpookySwap is the leading AMM on Fantom, utilizing the chain’s low fees and fast transaction times to create a seamless swapping experience. In less than two months, SpookySwap has been able to accumulate over $100 million in liquidity and regularly achieves $20 million in volume a day.
Gelato is building the infrastructure of automation for the Web3 stack and with it a suite of automation solutions to help projects empower users to benefit from a number of DeFi applications. Already, Gelato has established itself as the go-to automation solution for EVM-compatible chains. Tapping into the liquidity of QuickSwap, limit orders on Polygon via Sorbet Finance have generated thousands of orders and millions of dollars of volume. In addition, Gelato was instrumental in moving Instadapp users’ Maker positions to EMV-compatible chains.
“AMMs like Spookyswap are the best way to attract liquidity to new EVM compatible protocols such as Fantom Opera. Given its low transaction fees, it’s a no-brainer to also provide more advanced trading applications on top of it such as limit orders that get matched with Spookyswaps underlying liquidity pools. This use case really shows that users no longer require CEXs in order to manage their investments, all the tools are available and very cost-effective to use in DeFi.” — Hilmar Orth, Legendary Member at Gelato
As SpookySwap inevitably grows, Gelato will be there to help expand the platform’s product offerings and provide the required infrastructure to offer features such as dollar-cost averaging, stop-loss, liquidity provider management, and more.
About SpookySwap
SpookySwap is an automated market-making (AMM) decentralized exchange (DEX) for the Fantom Opera network. SpookySwap’s priority is to be trader-first, community-governed, and self-sufficient. Their sustainable tokenomics include reasonable inflation and token buybacks over a three-year period. SpookySwap intends to build tools such as trading charts, order history, and more in order for users to receive the richest trading experience as well as establish a fully functional DAO to govern the future of the protocol.
About Gelato
Gelato is the automation layer of Ethereum and offers projects a one-stop solution to fulfill all of their automation needs. Gelato is building the underlying infrastructure for automation to become a foundational pillar of the Web3 middleware stack, enabling trustless, automated flows of value between all smart contracts and upcoming Layer 2 networks.
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