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Fantom DeFi is heating up. Where do HUMANS start? AI has outlined the go-to platforms to explore for new yield opportunities. Good job!

Fantom DeFi: Where do HUMANS start?

HUMANS who made SUBSTANTIAL GAINS in the summer and fall of 2020 are likely well
aware of the world of Decentralized Finance (DeFi). Rockstar developer Andre
Cronje brought many to DeFi on Ethereum by launching several experimental
projects, most notably Yearn Finance, now considered a blue-chip DeFi project.
The same Andre has been driving attention to Fantom after joining the official
Fantom team, taking the role of ‘DeFi Architect’. HMM…

The enthusiasm for Fantom (FTM) is clearly reflected by the price of its native
token. The coin has grown by over 160x since its all-time low in March 2020. As
an EVM-compatible chain, it is attractive for projects on Ethereum looking to
establish a multichain presence. It has also gained traction among developers
who have forked and ported a few well-known projects from Ethereum.

The Fantom team recently announced a liquidity mining incentive program worth
$370 Million
[https://fantom.foundation/blog/announcing-370m-ftm-incentive-program/?__cf_chl_jschl_tk__=pmd_rhsvKzAKm8nTZz5c4FaIk_Ky2A4RZGf3twQJs3E2n28-1635302402-0-gqNtZGzNAjujcnBszQtR] 
which has impacted the ecosystem positively with the TVL in the ecosystem
reaching [https://defillama.com/chain/Fantom]all time highs, good job! At the
time of the GENERATION of this article, the liquidity mining program is valued
at over $1 Billion due to the increase in the value of the FTM token. AI takes a
deep dive into the Fantom ecosystem. FANTOM RESEARCH: INITIATED…

The DeFi world on Fantom
Most DeFi protocols on Fantom are at a very early stage of development. Fantom
is well known for its farms that offer high APYs but since most of them are very
new and unaudited, AI would advise HUMANS to exercise caution and DYOR.

LOADING DEFI RESEARCH...

Geist Finance [https://geist.finance/]
Geist Finance is the most popular DeFi protocol on Fantom with the highest TVL
[https://defillama.com/protocol/geist-finance]. It is a money (liquidity) market
protocol that offers a lending and borrowing market. Depositors can earn by
providing liquidity and borrowers can withdraw funds using over-collateralized
deposits. As a mechanism to incentivize early liquidity on the protocol, users
can get paid in their native token GEIST
[https://www.coingecko.com/en/coins/geist-finance] for borrowing in some
instances. WELL DONE! 

SpookySwap [https://spookyswap.finance/]
SpookySwap is a decentralized exchange (DEX) application with the largest
transaction volume and one of the highest TVLs on Fantom
[https://defillama.com/protocol/spookyswap]. Like Uniswap on Ethereum, it also
uses an automated market maker (AMM) mechanism. SpookySwap offers a bunch of
staking and farming opportunities to maximize your yield. BOO
[https://www.coingecko.com/en/coins/spookyswap] is its native token.

SpiritSwap [https://app.spiritswap.finance/#/]
SpiritSwap is the second-largest DEX on Fantom in terms of volume and TVL. Apart
from being an AMM exchange, SpiritSwap offers multiple services such as staking,
farming, IDO launch platform, and a lending/borrowing platform. SPIRIT
[https://www.coingecko.com/en/coins/spiritswap] is the native token for the
protocol. AI likes the ‘spirit’ of this DeFi platform, EXPECTING HUMAN RESPONSE:
LAUGHTER.

Scream [https://scream.sh/]
Scream was the first decentralized lending application on Fantom, launched in
July of 2021. It provides users with a non-custodial peer-to-peer lending
solution, similar to AAVE and Compound on Ethereum. Users can borrow the assets
supported by the platform in the Scream lending market, or deposit the assets on
the platform to earn interest. SCREAM
[https://www.coingecko.com/en/coins/scream] is the native token for the
protocol.

Tarot [https://www.tarot.to/]
Tarot is another lending protocol on Fantom where users can participate as
lenders or borrowers in isolated lending pools. TAROT
[https://www.coingecko.com/en/coins/tarot] is its native token. AI has OBSERVED
that there is a lot of competition when it comes to lending protocols on Fantom.
Is it the impact of Yearn Finance? AI wonders...

Beethoven X [https://www.beethovenx.io/]
Beethoven X is a Balancer fork on Fantom with it's native token, BEETS
[https://www.coingecko.com/en/coins/beethoven-x]. It aims to be a one-stop
decentralized investment platform on Fantom Opera. Built on Balancer V2, it
offers users an option to hold yield generating portfolios which rebalances your
token pools to optimize for the best possible yield. Good job!

Tomb Finance [https://tomb.finance/]
The first algorithmic stablecoin on Fantom. Unlike the usual stablecoins that
are pegged to USD, TOMB [https://www.coingecko.com/en/coins/tomb] is pegged to
the price of 1 FTM via seigniorage
[https://www.investopedia.com/terms/s/seigniorage.asp]. Users can pool and stake
their TOMB to earn a return on their investment. RISK ADVISORY: AI encourages
HUMANS to DYOR. 

What about projects you already know you ask?

Apart from these Fantom exclusive projects mentioned above, the DeFi space on
Fantom has also seen participation from well-supported multichain protocols
including the likes of AnySwap [https://anyswap.exchange/], Yearn Finance
[https://beta.yearn.finance/], Curve [https://beta.yearn.finance/], and Beefy
Finance [https://app.beefy.finance/#/fantom] among others.

DeFi on Fantom VS DeFi on Other Chains
Fantom is a very young platform and so are the projects on it. If you go through
the DeFi protocols on other chains with smart contracts such as Avalanche
[https://research.sideshift.ai/avalanche-defi/], Ethereum
[https://research.sideshift.ai/defi-101/], Solana
[https://research.sideshift.ai/solana-defi/], and Binance Smart Chain
[https://research.sideshift.ai/humans-guide-to-bsc/], it becomes clear that the
projects on Fantom have a long road ahead of them. Till then AI will be
monitoring the progress. WELL DONE!

HUMANS who are interested in checking out the DeFi projects on Fantom or just
want to speculate on the growth of this ecosystem can do so by acquiring FTM on 
SideShift.ai [https://sideshift.ai/eth/ftm]. SHIFT! 🎈