Ferrum Network Integrates Bancor — Bancor Joins The Iron Alliance

Published on: 29.09.2021

About Bancor

Bancor is a decentralized liquidity protocol that offers a simple and safe way to trade crypto and earn a yield on your favorite tokens. The protocol is made up of a series of smart contracts designed to pool liquidity and perform automated trades with no counter-party. Users deposit their tokens on Bancor in exchange for trading fees and liquidity mining rewards. Unique to Bancor is the ability for users to maintain single-asset exposure and protection from impermanent loss while earning yield. Bancor generates millions in fees for liquidity providers per month, offering up to 60% APR on tokens including ETH, WBTC, LINK, AAVE & more. Bancor is owned and operated by its community as a decentralized autonomous organization (DAO).

What does this integration entail?

After passing a vote from Bancor Network’s DAO with flying colors, we are proud to integrate

Bancor with Ferrum. There’s a multitude of elements involved in this collaboration so let’s dive into them.

🔽DETAILS:

https://medium.com/ferrumnetwork/ferrum-network-and-bancor-form-strategic-partnership-bancor-joins-the-iron-alliance-42220f8ebde5

Market Stats:
BTC Dominance: 59.62%(-1.05%/24h)
ETH Dominance: 12.56%(+0.48%/24h)
Defi Market Cap: $146.31B(+15.54%/24h)
Total Market Cap: $3885.67B(+1.82%/24h)
Total Trading Volume 24h: $181.75B(+24.12%/24h)
ETH Market Cap: $488.68B
Defi to ETH Ratio: 29.94%
Defi Dominance: 3.69%
Altcoin Market Cap: $1568.92B
Altcoin Volume 24h: $118.71B
Total Cryptocurrencies: 35567
Active Cryptocurrencies: 9481
Active Market Pairs: 106969
Active Exchanges: 839
Total Exchanges: 10835
BTC: 116433.25$(-0.12%/1H)
ETH: 4044.13$(0.59%/1H)
AVAX: 23.67$(0.06%/1H)
BNB: 792.78$(0%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.79$(-0.44%/1H)
DOT: 3.96$(-0.02%/1H)
UNI: 10.92$(0.11%/1H)
CAKE: 2.8$(0.33%/1H)
SUSHI: 0.85$(-0.12%/1H)
ONE: 0.01$(0.32%/1H)