Ferro Protocol is a stable swap AMM protocol that allows users to exchange with low slippage and minimum fees. Ferro's stable curve pool offers a wide array of utility, allows better composability between protocols in Cronos, creates a more effective way to access stablecoins and other highly correlated assets with lower fees, lower slippages, lower impermanent loss, and more utilization of pools.

Money market protocols can list their interest-bearing token in Ferro, while any lower liquidity stablecoins bridged from other chains can leverage the Meta Pool set up to bootstrap the liquidity.

Key Features of Ferro Protocol

xFER token is the yield-bearing token of the Ferro Protocol. Users can opt to convert FER to xFER at the prevailing exchange rate at any time. Ferro Protocol directs a certain portion of the protocol revenues (e.g. swap fees) into the FER:xFER conversion contract, resulting in the continuous increase of xFER over FER over time.