SpookySwap Partnership with Market.xyz

Published on: 05.01.2022

Through this partnership, both parties will enabling customizable market protocol coming to Fantom that implements isolated interest rate markets that enable borrowing and lending of any token based asset which supports the ERC-20 specification.

BOO-FTM LP Leveraging

Make BOO-FTM LP on SpookySwap
Deposit on https://app.beefy.finance/#/fantom for auto compounding
Deposit the received receipt token on https://fantom.market.xyz/pool/2
Borrow MAI while the beefy token auto compounds
Repeat
???
Profit

xBOO Leveraging

Deposit BOO for xBOO on https://spookyswap.finance/pools
Deposit xBOO on https://fantom.market.xyz/pool/2
Borrow MAI while the xBOO autocompounds

Market

The Market Protocol empowers anyone to create isolated interest rate markets that enable borrowing and lending of any token based asset which supports the ERC-20 specification.

SpookySwap

SpookySwap is an automated market-making (AMM) decentralized exchange (DEX) for the Fantom Opera network. SpookySwap actively invests in building a strong foundation by using the BOO token for governance, rewards on diverse farms, and to provide developer grants encouraging a healthy ecosystem of other Fantom projects.