Ferro Protocol

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About Ferro Protocol

##What is Ferro Protocol (FER)?

Built on the Cronos blockchain, Ferro Protocol is a StableSwap AMM protocol that brings a more efficient way for users to exchange 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. Compared to other DEXes, some of the advantages of Ferro Protocol are:

  • Lower fees — Due to gas usage & traffic efficiency of the token swap/exchange mechanism versus normal DEX
  • Lower slippages — Highly correlated assets reduce price divergence within tokens of the same pool
  • Limited to no impermanent loss — Highly correlated assets reduce overall market exposures of the pools
  • More utilization of pools — Highly correlated assets allow for more utilization, providing opportunities to benefit by deploying pools into other DeFi protocols.

Ferro Protocol offers two main feat