What Is Ferro (FER)?
Built on the Cronos blockchain, Ferro Protocol is a StableSwap AMM protocol that allows users to exchange with low slippage and minimum fee and farm tokens by creating more efficient pools consisting of highly correlated assets, as well as allowing better composability between protocols in the Cronos ecosystem. Ferro Protocol offers two main features:
Ferro Swap Users can exchange one token with another with customisable slippage as long as both tokens are available in any of the pools within the protocol. Liquidity Pools Users can become liquidity providers and earn incentives by staking their LP tokens into the liquidity farm. You will be rewarded with our native tokens $FER together with the opportunity to lock your tokens with different maturity options to boost your returns and share revenue from the protocol swap fees.
| Coin Basic | Information |
|---|---|
| Coin Name | Ferro |
| Short Name | FER |
| Total Supply | 4,308,358,573 |
| Max Supply | 5,000,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
FER Price Live Data
The live Ferro price today is $0.153201 USD with a 24-hour trading volume of $596,734 USD. They update FER to USD price in real-time. This is up 1.70% in the last 24 hours. The current CoinMarketCap ranking is #3102, with a live market cap of not available. The circulating supply is not available and a max. supply of 5,000,000,000 FER coins.
If you would like to know where to buy Ferro at the current rate, the top cryptocurrency exchanges for trading in Ferro stock are currently Crypto.com Exchange, and VVS Finance. You can find others listed on crypto exchanges page.
Ferro Swap
Swap from one token to another! One of the main purposes of Ferro is to facilitate exchange of one token with another in any pools within the protocol.
- Within the same pool Token exchange will be done by adjusting the balance of token from the same pool with no or very small fee (example: exchanging DAI to USDC in a “USDC, DAI, USDT” pool)
- Cross pool Protocol will route the transaction through the most efficient way (smart routing) by scouring through the different pools to achieve minimum slippage (example: exchanging ETH to USDC, involving “ETH-WETH” pool and “USDC, DAI, USDT” pool)
Ferro Pools
1. Base Pool
Base Pool typically consists of 2 or more highly correlated tokens with the following variations:
- 1.Standalone Stablecoin pool (usually treated as the “main pool”)
- 2.Lending pool
- 3.Pegged / Yield Bearing token
2. Meta Pool
Meta Pool provides a combination of Base Pool plus 1 or more tokens.
This mechanism brings several advantages to platform users:
- Allows Ferro to list less liquid assets
- Shielding liquidity providers of Ferro Base pool from systemic risks
- Prevents the dilution of existing pools
- More volume for the protocol
Deposit / Withdrawal Incentives
Similar to the Swap feature, the typical liquidity pools in Ferro will also carry a mechanism to incentivise/disincentivize users to LP a particular token, in order to balance the proportion of tokens in the pool (a.k.a. Deposit Bonus / Withdrawal Penalty).
- Users depositing underweighted token (vs other token in the pool) will receive Deposit Bonus
- Users withdrawing underweighted token (vs other token in the pool) will be charged Withdrawal Penalty
When users provide liquidity to Ferro Protocol, they will receive the corresponding Liquidity Provider (LP) Token as proof of their participation. These LP tokens can then be staked to receive the following emission reward:
- 60% of the reward in the form of $FER token, available to be harvested immediately
- 40% of the reward will be directly converted into $xFER at the prevailing exchange rate, and will be automatically directed into 1 month locking vault. Users can choose which vault duration to allocate this portion of the rewards into
Ferro Stake
$xFER token is the yield-bearing token of the Ferro Protocol. Users can opt to convert $FER to $xFER at the prevailing exchange rate at any time. Ferro Protocol directs a certain portion of the protocol revenues (e.g. swap fees) into the $FER:$xFER conversion contract, resulting in the continuous increase of $xFER over $FER over time.
If you stake your LP tokens after providing liquidity to our pools and harvest your $FER rewards, 40% of the rewards will be directly converted into $xFER and locked in the 1-month vault, which will give you extra $FER rewards at a higher APR.
You can also choose to upgrade your $xFER vault to the ones with a longer locking duration with a higher APR to further boost your $FER rewards. Each batch of $xFER locked in the vault can only be withdrawn after the end of the locking duration of each batch.
As for the $FER tokens harvested and credited to your wallet, you are free to convert them into $xFER by staking, sell them directly, or use them to provide liquidity back into the protocol.
