Fantasm FSM Defi Coins Review – A Detailed Review About Fantasm FSM

About Fantasm FSM

The live Fantasm FSM price today is $80.38 USD with a 24-hour trading volume of $14,177,501 USD. We update our FSM to USD price in real-time. FSM is up 6.43% in the last 24 hours. The current CoinMarketCap ranking is #2857, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

If you would like to know where to buy Fantasm Coin FSM, the top cryptocurrency exchange for trading in The FSM stock is currently SpookySwap. You can find others listed on our crypto exchanges page. The Finance is a DeFi project aimed at developing and popularizing synthetic tokens for the Fantom Ecosystem. Imagine having exposure to the price of FTM token without actually owning it. That’s not fantasy: it’s #Fantasm.

Fantasm Finance is a DeFi project aimed at developing and popularizing synthetic tokens for the Fantom Ecosystem. Imagine having exposure to the price of FTM token without actually owning it. That’snot fantasy: it’s #Fantasm. With Fantasm Finance they introduce a decentralized solution to scale up volume of the FTM token by using our partial collateralized design where synthetic token supply of xFTM will be partially backed by FTM and partially by the FSM token.

Quick Fact About Fantasm FSM

Synthetic Tokens

In the broadest sense, synthetic assets are a type of financial derivatives giving its owner exposure to an underlying asset without having to actually hold it. Fantasm FSM Defi synthetic asset is simply a tokenized derivative that mimics or mirrors the value of another asset. Imagine that you want to trade Gamestop stocks without holding the $GME asset itself. Or, you want to gain exposure to S&P500 index movements without having to hold the underlying basket of stocks? No problem. What about gold and silver? Yes.

How about…something more exotic like becoming a Bitcoin miner without owning any hardware but simply by holding the right synthetic asset. Well, all this already exists, and it’s the evolution for many asset classes that wish to gain exposure to the decentralized and tokenized world of cryptocurrencies.

xFTM

xFTM is a Fractional-Algorithmic Synthetic Token pegged to the value of 1 FTM on Fantom Opera.

The protocol aims to maintain xFTM token’s price stability, in other words the peg, by storing sufficient collateral in the time-locked smart contracts. This collateral is used for redemptions, helping to maintain price stability.

The Fantasm team are Fantom Ecosystem users and supporters. The xFTM synthetic token explicitly gives FTM holders another great use case and a way to earn yield via additional rewards on top.

FSM

FSM is the protocol utility token. The FTM token is deposited into the protocol when a user mints xFTM token, while the FSM token which is used for minting is burned.

When the user redeems xFTM tokens, the protocol pays back FTM tokens and mints the required amount of FSM tokens. The ratio of FTM and FSM token used by the minting and redeeming function is determined by the Collateral Ratio.

Tokenomics

Fantasm FSM Defi ($FSM) tokenomics allocate a significant portion for liquidity mining, as follows:

• Total supply of 30,000,000 FSM (100%)
• Liquidity mining – 70% (vesting rewards) – 21,000,000 FSM – will include also other synthetic assets besides xFTM
• Team (DevFund) – 20% (2 years vesting & 8 weeks cliff) – 6,000,000 FSM
• Treasury Fund – 10% (3 years vesting) – 3,000,000 FSM – Covers marketing, CMs, PR, peg protection or recollateralization, etc.

Token Utility

FTM and FSM Revenue

Each minting and redeeming of synthetic assets like xFTM on Fantasm FSM Defi incurs a 0.30% and 0.50% fee, respectively. These fees are distributed as FTM and FSM dividends to users who lock their FSM on the platform.

Capital Efficiency

The capital required to mint xFTM is only partially denominated in FTM. The remaining portion is denominated in FSM, which is required as collateral. This requirement creates both a natural demand for FSM, as well as captures value.

New Fantasm Synthetic Assets (Roadmap milestone)

Equals more utility and liquidity for FSM token holders because FSM will always be a key ingredient in minting synthetic tokens.

DeFi Integrations (Roadmap milestone)

Adoption and integration of Fantasm FSM Defi synthetic assets with other DeFi projects to develop and unlock new trading strategies (derivatives trading, leveraged trading/farming, other exotics)

Early Exit Penalty Revenue

Besides FTM and FSM revenue for users who stake their FSM, stakers also earn 50% of the penalty fee from FSM/FTM and stable pool farmers who claim their rewards early.