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: 64.37%(-0.26%/24h)
ETH Dominance: 9.23%(+0.25%/24h)
Defi Market Cap: $106.86B(+9.81%/24h)
Total Market Cap: $3361.5B(+2.96%/24h)
Total Trading Volume 24h: $128.04B(+31.39%/24h)
ETH Market Cap: $310.01B
Defi to ETH Ratio: 34.47%
Defi Dominance: 3.07%
Altcoin Market Cap: $1197.65B
Altcoin Volume 24h: $72.63B
Total Cryptocurrencies: 35059
Active Cryptocurrencies: 9500
Active Market Pairs: 104166
Active Exchanges: 830
Total Exchanges: 10591
BTC: 108812.52$(0.07%/1H)
ETH: 2571.4$(0.24%/1H)
AVAX: 18.64$(0.68%/1H)
BNB: 659.83$(-0.02%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.59$(0.39%/1H)
DOT: 3.56$(0.36%/1H)
UNI: 7.35$(0.38%/1H)
CAKE: 2.36$(-0.03%/1H)
SUSHI: 0.63$(0.4%/1H)
ONE: 0.01$(-0.01%/1H)