Ferro (FER) is now listed in the Crypto.com App, joining the growing list of 250+ supported cryptocurrencies and stablecoins, including Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Cronos (CRO).
Ferro is a StableSwap Automated Market Maker (AMM) protocol with deep liquidity that provides safe and efficient trades of pegged assets, with the aim to solidify the Cronos ecosystem. Ferro’s stable curve pool creates a more effective way to access stablecoins and other highly correlated assets with lower fees, lower slippages, lower impermanent loss, and more utilisation of pools. FER is a CRC20 token and the main reward token in the protocol. Users can receive FER by staking their Liquidity Provider (LP) token into a liquidity farm.
Crypto.com App users can now purchase FER at true cost with USD, EUR, GBP, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the Crypto.com Visa Card.