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Built on the Cronos blockchain, Ferro Protocol is a StableSwap AMM protocol that enables users to exchange tokens with low slippage and minimum fees. It also allows users to farm tokens by creating more efficient pools of highly correlated assets and enhances composability between protocols in the Cronos ecosystem. Ferro Protocol offers two main features: 1. Ferro Swap: Users can exchange one token for another with customizable slippage, provided both tokens are available in any of the pools within the protocol. 2. Liquidity Pools: Users can become liquidity providers and earn incentives by staking their LP tokens in the liquidity farm. This rewards them with native tokens $FER and the opportunity to lock tokens with different maturity options to boost returns and share revenue from the protocol swap fees.
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What is Ferro Protocol?
Ferro Protocol is a StableSwap AMM protocol built on the Cronos blockchain. It enables users to exchange tokens with low slippage and minimum fees, and also allows them to farm tokens by creating efficient pools of highly correlated assets. Additionally, Ferro Protocol enhances composability between protocols within the Cronos ecosystem.
There are two main features offered by Ferro Protocol:
- Ferro Swap: Users can exchange one token for another with customizable 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. By participating, users will receive native tokens $FER and have the opportunity to lock their tokens with different maturity options for higher returns. They will also share revenue from the protocol's swap fees.
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