fantasm-xftm logo download PNG or SVG

Information about fantasm-xftm

Fantasm Finance is a DeFi initiative that focuses on creating and promoting synthetic tokens for the Fantom Ecosystem. The project allows users to gain exposure to the price of the FTM token without actually owning it. This is made possible through the introduction of Fantasm Finance, a decentralized solution that aims to increase the trading volume of the FTM token. This is achieved by utilizing a partial collateralized design, where the synthetic token supply of xFTM is backed both by FTM and the FSM token. xFTM is a Fractional-Algorithmic Synthetic Token that is tied to the value of 1 FTM on the Fantom Opera network.

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