Liquidity providers deposit funds into SpookySwap and receive trading fees from traders (supply-side fees).

SpookySwap is a non-custodial exchange protocol built on Fantom. SpookySwap was launched in April 2021.

BOO tokenholders own and govern the protocol. They currently take a cut of the total interest paid by borrowers (revenue).

governance

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Exchanges (DEX)

SpookySwap

# SpookySwap Token incentives Methodology

## 1. Overview

This metric measures the daily value of token incentives distributed by SpookySwap's liquidity mining program on the Fantom blockchain. The calculation captures BOO token rewards paid to liquidity providers through two distribution mechanisms: farming contract harvest events and direct token transfers from MasterChef contracts. The metric quantifies the total USD value of these incentive payments on a daily basis, providing insight into SpookySwap's spending on liquidity incentives.

## 2. Data sources

- **Fantom blockchain event logs**: Parsed `FarmV2_Harvest_event` logs from SpookySwap farming contracts capturing harvest transactions where users claim BOO token rewards
- **Fantom blockchain event logs**: Parsed `SpookyToken_Transfer_event` logs specifically filtering for BOO token transfers originating from MasterChef contracts to user addresses
- **BOO token contract events**: Transfer events for SpookySwap's native governance token (contract address `0x841fad6eae12c286d1fd18d1d525dffa75c7effe`) used for liquidity incentives
- **MasterChef contract events**: Events from SpookySwap's primary incentive distribution contracts (`0x2b2929e785374c651a81a63878ab22742656dcdd` for Master Chef and `0x18b4f774fdc7bf685daeef66c2990b1ddd9ea6ad` for Master Chef V2)
- **End-of-day token price feeds**: Daily closing prices for BOO token to enable USD conversion of incentive amounts

## 3. Step-by-step calculation

### Component A: Harvest event incentives
- **Purpose**: Captures BOO token rewards distributed through farming contract harvest events
- **Logic**: Extracts `FarmV2_Harvest_event` logs from SpookySwap farming contracts on Fantom. Each event represents a user claiming accumulated BOO token rewards from liquidity mining. The `amount` field contains the raw BOO token amount distributed, and the contract `address` identifies the specific farming contract that paid the reward.
- **Key fields**: `block_timestamp` for timing, `transaction_hash` and `log_index` for uniqueness, contract `address` as the distributing account, and `amount` as the raw BOO token quantity

### Component B: Direct transfer incentives  
- **Purpose**: Captures BOO token incentives distributed through direct transfers from MasterChef contracts
- **Logic**: Extracts `SpookyToken_Transfer_event` logs specifically filtering for BOO token transfers where the sender (`from` address) is a MasterChef contract. This captures direct incentive distributions that bypass the farming contract harvest mechanism. Only transfers from the primary MasterChef contract address are included to ensure these represent legitimate incentive payments rather than general token transfers.
- **Key fields**: `block_timestamp` for timing, `from` address as the distributing MasterChef contract, token contract `address` (must be BOO token), and `value` as the transferred BOO token amount

### Component C: Account dimension mapping
- **Purpose**: Provides descriptive names for incentive distribution contract addresses  
- **Logic**: Maps contract addresses to human-readable names using a hardcoded dimension table. The Master Chef contract (`0x2b2929e785374c651a81a63878ab22742656dcdd`) maps to "Master Chef" and Master Chef V2 contract (`0x18b4f774fdc7bf685daeef66c2990b1ddd9ea6ad`) maps to "Master Chef V2". This enables better reporting and categorization of incentive sources.
- **Key fields**: `account_address` for contract identification and `account_name` for descriptive labeling

### Final aggregation
- **Combining components**: The two incentive event types (harvest events and transfer events) are combined using a union operation into a single fact table. Each record represents one incentive distribution event with standardized business metadata including chain designation (fantom), business line (Exchange AMM), market sector (exchanges), and business segment (dex).
- **Currency conversion**: Raw BOO token amounts are converted to USD using end-of-day price feeds for the BOO token. The conversion process corrects for BOO token decimal precision and applies the appropriate exchange rate for each event date.
- **Time aggregation**: Block timestamps are truncated to daily boundaries using day-level timestamp truncation. All events occurring within the same calendar day are aggregated together to produce daily totals.
- **Final calculation**: The final metric value represents the sum of all USD-converted BOO token incentive distributions for each day, including both harvest events and direct MasterChef transfers. Missing dates are filled with zero values to ensure complete daily coverage, and results are filtered based on chain data availability settings.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

SpookySwapBOO

Token incentives

Token incentives

Competitive landscape

Chain breakdown