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: 53.55%(+0.01%/24h)
ETH Dominance: 16.19%(+0.06%/24h)
Defi Market Cap: $87.47B(-8.95%/24h)
Total Market Cap: $2360.57B(+0.85%/24h)
Total Trading Volume 24h: $75.45B(-12.70%/24h)
ETH Market Cap: $382.33B
Defi to ETH Ratio: 22.88%
Defi Dominance: 3.52%
Altcoin Market Cap: $1096.54B
Altcoin Volume 24h: $45.17B
Total Cryptocurrencies: 29433
Active Cryptocurrencies: 9848
Active Market Pairs: 82484
Active Exchanges: 754
Total Exchanges: 8386
BTC: 64166.68$(-0.42%/1H)
ETH: 3132.37$(-0.55%/1H)
AVAX: 35.19$(-0.76%/1H)
BNB: 604.11$(-0.73%/1H)
MATIC: 0.71$(-0.89%/1H)
FTM: 0.74$(-1.28%/1H)
ADA: 0.47$(-0.2%/1H)
DOT: 6.85$(-0.5%/1H)
UNI: 7.68$(-0.39%/1H)
CAKE: 2.75$(-0.64%/1H)
SUSHI: 1$(-0.83%/1H)
ONE: 0.02$(-0.71%/1H)