Ferro

Ferro, a StableSwap AMM protocol, brings a way for users to exchange & farm tokens by creating pools consisting of highly correlated assets, such as stablecoin pools or native-wrapped token pools.

There are 2 types of tokens to fuel the overall Ferro ecosystem, each with different utilities, namely $FER and $xFER. $FER token is the main reward/incentive token in the protocol. Users can receive $FER by staking their LP token (obtained after depositing/LP-ing into the pool) into a liquidity farm. $FER token can be further converted into a $xFER token based on the exchange rate at the time.