We are thrilled to announce that the Ferro Protocol is now fully integrated with Crypto.com DeFi Wallet. Users can now stake their stablecoins on DeFi Earn in the DeFi Wallet app to earn FER token rewards seamlessly. There’s no need to leave the app or access a separate DApp (requires V1.35.0 or above).
Users can deposit USDC to several liquidity pools in order to earn liquidity pool (LP) tokens and make their stablecoin assets work harder for them. Then, they can stake these tokens to earn Ferro’s own token, FER.
Ferro is among the first stablecoin-only swap protocols on Cronos, optimised to bring users the best rates to swap stablecoins and pegged assets. Due to its low gas usage and traffic efficiency of its token swap mechanism, users enjoy lower fees and slippages by swapping via Ferro.
Ferro Pool – Providing liquidity to earn rewards
Step 1: Access DeFi Earn in the DeFi Wallet app
Step 2: Tap Earn More
Step 3: Select a stablecoin and the liquidity pool to deposit into
Step 4: Input the stablecoin amount to swap into LP tokens
Step 5: Stake the LP tokens to complete the deposit
Refer to this Ferro FAQ for further details.
We are working hard to integrate even more of Ferro Protocol’s features to help users grow their stablecoin assets. Stay tuned!
About Ferro
Ferro is a “StableSwap” automated market maker (AMM) protocol with deep liquidity that aims to provide safe and efficient trades of pegged assets, with the spirit to solidify the Cronos ecosystem.
Ferro’s stable curve pool offers a wide array of utility. It also allows for better composability between protocols in Cronos. Lastly, it creates a more effective way to access stablecoins and other highly correlated assets with lower fees, lower slippages, lower impermanent loss, and better utilisation of liquidity pools. Learn more here.
About Cronos
Cronos is the first Cosmos EVM chain for DeFi, NFTs, and the Metaverse. It aims to massively scale the DeFi and decentralised application (DApp) ecosystem by providing developers with the ability to instantly port apps from Ethereum and EVM-compatible chains. With low cost, high throughput, fast finality, and built-in interoperability, Cronos is poised to bring DApps to the 10M+ user base of the Crypto.com ecosystem and beyond. Learn more here.
