The Fantom ecosystem project SpiritSwap will be taken over by Power and will continue to operate

ChainCatcher news, the Fantom ecosystem project SpiritSwap has passed a resolution in a community vote to transfer the project to another DEX project built on Fantom, Power. Power will deploy 200,000 USDC to the SpiritSwap treasury and will finalize the new team and training by the 30th of this month.

Previous report, the Fantom ecosystem project SpiritSwap announced within the community that due to the Multichain incident leading to financial exhaustion, the project no longer has funds to support daily operations. SpiritSwap is looking for a new team to take over the project, and if no potential team is found, SpiritSwap will cease operations on September 1, requiring users to withdraw their liquidity before that date.