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: 56.73%(+0.18%/24h)
ETH Dominance: 12.03%(-0.15%/24h)
Defi Market Cap: $111.42B(-17.22%/24h)
Total Market Cap: $3318.39B(+1.33%/24h)
Total Trading Volume 24h: $148.69B(-10.23%/24h)
ETH Market Cap: $399.16B
Defi to ETH Ratio: 27.91%
Defi Dominance: 3.22%
Altcoin Market Cap: $1435.76B
Altcoin Volume 24h: $88.97B
Total Cryptocurrencies: 33279
Active Cryptocurrencies: 10599
Active Market Pairs: 96966
Active Exchanges: 779
Total Exchanges: 9865
BTC: 95042.52$(0.09%/1H)
ETH: 3314.99$(0.22%/1H)
AVAX: 37.72$(-0.12%/1H)
BNB: 698.04$(0.07%/1H)
MATIC: 0.46$(-0.18%/1H)
FTM: 0.74$(7.09%/1H)
ADA: 0.96$(0.13%/1H)
DOT: 6.76$(0.26%/1H)
UNI: 13.38$(-0.05%/1H)
CAKE: 2.37$(-0.48%/1H)
SUSHI: 1.51$(-0.03%/1H)
ONE: 0.02$(-0.22%/1H)