We are excited to partner with SpiritSwap to build our first lending network on top of Fantom
Over the last two months, we’ve been working closely with the core SpiritSwap team towards building out a slick lending network for their community.
During this process, we were honored to have the opportunity to work with SpiritSwap beta testers from the Spirit community, who have been giving us valuable feedback to iterate toward a final version. We want to take a moment to thank them for their efforts.
Meet SpiritSwap
SpiritSwap Is a decentralized exchange (Dex) on the Fantom Opera Chian. 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 on the Fantom network.
SpiritSwap lending network
On day one, the lending network will include the following tokens, with the following parameters:
SpiritSwap can add new tokens at any point.
Fantom network
Fantom is the first layer-1 network to enable all users to make and vote on improvement proposals in a fully decentralized manner, and they are showing rapid network growth:
- 10,576 smart contracts deployed on the network.
- 300,000 transactions per day.
- 145,000+ unique addresses.
- 63% of the total circulating supply of FTM is staked.
The SpiritSwap lending network will go live on Monday, the 23 of August.
Website: https://ola.finance/
Twitter: https://twitter.com/ola_finance
Telegram group: https://t.me/ola_finance
