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The Skull Order Ecosystem was created as a hub for DeFi traders. It consists of two DEXs, SkullSwap and Cranium Exchange, and a stablecoin de-peg insurance protocol called Depeg Finance. The ecosystem is centered around the $SKULL token, which allows for interconnectedness and value capture for $SKULL holders.
SkullSwap is an AMM DEX built on Quickswap's framework. Users can perform simple swaps and earn rewards by providing liquidity, single staking $SKULL, or staking $dSKULL on the Tower of Skulls.
Cranium Exchange is a decentralized perpetuals and spot exchange where users can trade perpetual futures contracts with leverage. Users can stake $SKULL to earn a portion of the fees collected and provide liquidity to earn $FTM and $esSKULL.
Depeg Finance is a stablecoin de-peg insurance protocol where users can buy or sell insurance against a specific stablecoin depeg event. $SKULL can be staked on Depeg to earn fees generated by the protocol.
The ecosystem's tokens include $SKULL, $dSKULL, and $esSKULL. $SKULL is used across different protocols and can be staked to earn protocol-specific revenue. $dSKULL is the liquid staked version of $SKULL on Bag o' Bones, while $esSKULL is the escrowed version of $SKULL distributed by Cranium Exchange.
The Skull Order NFT (SON) collection is a limited edition offering with unique NFTs. Early adopters of the collection can earn $esSKULL tokens as a reward. The funds generated from the NFT sale will be allocated towards liquidity, marketing, treasury, and other initiatives.
The $SKULL token has a total supply of 7,000,000 tokens. It is allocated to different protocols, with 46% allocated to SkullSwap and 56% allocated to Cranium Exchange. The tokens have various distribution and vesting periods.
Skull Order aims to be a significant player in Fantom's DeFi market with SkullSwap and Cranium Exchange offering efficient trading options. The ecosystem plans to expand with more projects, including a potential lending protocol.
Overall, Skull Order is a unique approach to DeFi development, with shared tokenomics and yield-earning opportunities across multiple projects.
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