Ferrum Partners With Royale Finance
Ferrum & Royale Finance will collaborate to launch a staking pool mechanism designed to enhance network participation, facilitate utility and bountifully reward holders.
The Royale/Ferrum partnership will take advantage of the Ferrum Network staking technology to launch a staking pool for Royale’s Kings and Queens. Under this framework, participants can provide $ROYA liquidity by staking their ROYA tokens to earn more ROYA. Following the general staking concept, the amount of earnings will be determined by the amount of time the tokens are staked on the platform.
This new feature has launched with three kinds of staking pool options on the Royale platform, including:
- Regular staking contract at 35% APY fixed with limited ROYA token entries
- NFT mining only pool and 7.2% APY interest pool for our remaining 5 Queen of Queen NFTs (nominal value 2,800 ROYA)
- NFT mining and 7.2% APY interest pool for 1 King of King NFT (nominal value 28,000 ROYA)
“We are focused on improving the DeFi space with top tier products, services and offerings. Our staking technology is a key aspect to fulfilling this goal. Partnering up with Royale Finance further grows the Ferrum staking mechanism and brings in a new crop of zealous blockchain investors in the form of the Royale network’s honorable participants. We are glad to team up with Royale Finance and hope to expand this staking offering to more DeFi systems in the future.” — Ian Friend Co-Founder, COO Ferrum Network
“The launch of our staking pool mechanism in conjunction with Ferrum Network is another milestone in our development and a win for all Royale’s Monarchs. This is paramount seeing as passive opportunities are becoming a growing trend. Ferrums partnership provides credible opportunities for our Royalety and stabilizing our network long term.” — Matthew Armstrong, COO Royale
What is Royale Finance?
Royale Finance is an industry-focused decentralised lending protocol. Its purpose is to create Web 3.0 smart-backed funding solutions using DeFi primitives in order to support the innovation of iGaming products and platforms. The combination of iGaming rewards, uncorrelated to DeFi crypto assets but powered by base layer DeFi protocols, we call iGDeFi.
What is Ferrum Network?
Ferrum Network is building a DeFi ecosystem that interoperates across chains and removes barriers to mass adoption with user-friendly products for swapping, staking, and transferring cryptocurrencies. Its cross-chain DAG will enable the transfer of any digital asset in milliseconds for near-zero network fees, unlocking tremendous value for the entire industry.
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