Phantom protocol is a DeFi protocol that utilizes synthetic asset support to allow users a wide variety of collateral that lowers entry barriers. It utilizes a AMM pool to solve liquidation and offers cross-chain compatibility which includes the Conflux Network, Ethereum mainnet, binance smart chain and also offers liquidity mining rewards to increase incentives to provide liquidity to the protocol.

The synthetic assets offered include common cryptocurrencies such as Phantom wrapped BTC (pBTC)/Phantom wrapped ETH (pETH) and mainstream markets such as Phantom wrapped Tesla stock(pTSLA)/ Phantom wrapped Google stock (pGOOGL)

The Phantom mainnet was launched on August 1st and launched a NFT Marketplace on August 17th which is huge since the NFT scene has been exploding.

They also stated today that they will launch on 7 different platforms including Gate.io and MEXC.

I have been active in the Conflux network for a while and Phantom is one of the projects that was first built upon its network that has potential to become one of the main platforms on the conflux network.