Fantasm Finance is a DeFi project aimed at developing and popularizing synthetic tokens for the Fantom Ecosystem. FSM is the protocol utility token. The FTM token is deposited into the protocol when a user mints xFTM token, while the FSM token which is used for minting is burned. When the user redeems xFTM tokens, the protocol pays back FTM tokens and mints the required amount of FSM tokens. The ratio of FTM and FSM token used by the minting and redeeming function is determined by the Collateral Ratio. 

FSM holders can decide to stake (no lockup period) or lock (8 weeks Lockup period) their FSM. Once locked, the user cannot withdraw their FSM for 8 weeks. It is NOT possible to pay a penalty to withdraw locked FSM early. 

There are 2 earning possibilities: 1 in FTM and 1 in FSM token. Only users who decide to LOCK their FSM will be able to earn FTM and FSM tokens