SpiritSwap is a DEX on Fantom that was created in 2021 and has recently launched its V2 model. The platform currently integrates two AMM types with plans to expand and cover four AMM subtypes in the near future. The platform currently boasts $12.2 million.
SpiritSwap acts as a mega hub of all things DeFi by offering a list of DeFi solutions such as yield farming, liquidity provision, lending and borrowing, stable swaps, cross-chain bridging, veToken based on Curve model, protocol rewards, leverage trading, and limit orders.
One of the most notable features of SpiritSwap is the hybrid DEX, which combines multiple AMM models into one using a unique master router. At the moment, SpiritSwap utilizes a combination of vAMM and Balanced AMM infrastructure, and aims to bring benefits to both traders and liquidity providers, while mitigating exposure to impermanent loss and limiting costs.
Another feature worth mentioning is the V2 bridge aggregator, which allows users to transfer and swap funds across multiple chains simultaneously.
SPIRIT token provides economic incentives to users to contribute and participate in the ecosystem.
SPIRIT's total supply: 1,000,000,000
SPIRIT's circulating supply: 355,934,025
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