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xFTM is a synthetic token designed to track the market value of FTM within the Fantom Network. It’s a fractional-algorithmic synthetic asset that targets a 1:1 alignment with the dollar value represented by 1 FTM. Put simply, 1 xFTM is priced to correspond to 1 FTM. To create (mint) 1 xFTM, users must provide 2 tokens: FTM and FSM - Fantasm’s native token.
Fantasm Finance is a DeFi initiative focused on building and expanding the use of synthetic tokens across the Fantom Ecosystem.
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