Ferro Price (FER)

Ferro (FER) is a StableSwap Automated Market Maker (AMM) protocol built on the Cronos blockchain. It strives to provide a more efficient way for users to exchange and farm tokens by creating efficient pools consisting of highly correlated assets. Ferro Protocol offers two main features: Ferro Swap and Liquidity Pools. In Ferro Swap, users can exchange one token with another with customizable slippage, provided both tokens are available in any of the pools within the protocol. Liquidity Pools allow users to become liquidity providers and receive compensation by staking their LP tokens into the liquidity farm. They are rewarded with Ferro's native tokens, $FER, along with the opportunity to lock their tokens with different maturity options to enhance their participation benefits.

Ferro Protocol operates on two main features: Ferro Swap and Liquidity Pools. In Ferro Swap, users can exchange one token for another, as long as both tokens are available in any of the protocol's pools. Users can customize their token exchange by specifying allowable slippage. Liquidity Pools, on the other hand, allow users to become liquidity providers. By staking their LP tokens into the liquidity farm, users can receive compensation. They are rewarded with Ferro's native tokens, $FER, and have the opportunity to lock their tokens with different maturity options to enhance their participation benefits. The protocol also offers a Pool Boost feature, which allows users to stake xFER and NFTs to increase the APR of liquidity pools.

Ferro Protocol aims to provide a more efficient way for users to exchange and farm tokens. It allows better composability between protocols in the Cronos ecosystem, creating a more effective way to access stablecoins and other highly correlated assets with lower fees, lower slippages, and more utilization of pools. Money market protocols can list their compensation-bearing token in Ferro, while any lower liquidity stablecoins bridged from other chains can leverage the Meta Pool set up to bootstrap the liquidity. Users can also stake their LP tokens to receive compensation and enhance their participation benefits. Additionally, Ferro Protocol has introduced features like a rewards dashboard, direct harvest & auto-compounding, and an analytics page to provide users with better visibility of the performance of the protocol and individual pools.

Ferro Protocol was established by a group of DeFi enthusiasts who saw a need to build products that overcome existing challenges in the DeFi space. The protocol was launched on the Cronos blockchain, and its $FER token was introduced via Initial Gem Offerings on VVS Finance. Shortly after its launch, Ferro went live on mainnet with its 3FER Base Pool offering USDT, USDC, and DAI for swapping and liquidity provision. Within a month, $FER became available for trading on various platforms. The protocol quickly became one of the top DApps in the Cronos ecosystem. Ferro Protocol has extended the list of liquidity pools and bolstered its core functionalities.

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The current market cap of Ferro is $4.46M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Ferro is $0.17. This all-time high is highest price paid for Ferro since it was launched.

Over the last 24 hours, the trading volume of Ferro is $6.72K.

Assets that have a similar market cap to Ferro include Bware, ScPrime, EverRise, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Ferro is 933 million.