summary: Participants in the Fantom network gain incentives thanks to the SpiritSwap protocol.
content: SpiritSwap is a decentralized exchange using the constant product automated market maker (amm) model on the Fantom network. Liquidity providers can deposit two-sided tokens to create a market pair on the exchange. Overview The SpiritSwap protocol adds incentives for Fantom network participants by introducing revenue sharing through the classic AMM model. They provide a platform for trading, staking, and farming. This is just the start. The platform is building more everyday. SpiritSwap’s key features include Zap, inSPIRIT, boosted farms, lending, borrowing, leverage trading, and a cross-chain bridge (soon to be a bridge aggregator). This bridge includes an inbuilt faucet for first-time Fantom users. If a user is new to Fantom, in other words, if they have no previous transactions in their wallet, they will automatically get 0.4FTM in their wallet after they use our bridge to transfer funds. This faucet is intended to offset gas fees for the first few trades that new users might wish to make. Farming SpiritSwap is only a blockchain technology that, by its own nature, does not provide any resources for use. Therefore, users would need to be encouraged to play the role of liquidity providers and stake their digital asset pairs (for example, ETH/$SPIRIT) into the decentralized market making pools to provide the necessary liquidity for transactions in order to give users easy access to $SPIRIT and for the protocol to perform its core function as a DEX. In order to offset opportunity costs, these liquidity providers who support SpiritSwap adoption by contributing assets to specific liquidity pools (i.e. farms) in exchange for SPIRIT-LP tokens will be compensated with $SPIRIT (i.e. "farming" on SpiritSwap), according to each user's relative contribution after various adjustment and correction parameters.