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: 60.96%(-0.60%/24h)
ETH Dominance: 11.19%(+0.37%/24h)
Defi Market Cap: $137.72B(+37.92%/24h)
Total Market Cap: $3849B(-0.93%/24h)
Total Trading Volume 24h: $251.77B(+22.11%/24h)
ETH Market Cap: $430.81B
Defi to ETH Ratio: 31.97%
Defi Dominance: 3.51%
Altcoin Market Cap: $1502.72B
Altcoin Volume 24h: $171.66B
Total Cryptocurrencies: 35349
Active Cryptocurrencies: 9407
Active Market Pairs: 105480
Active Exchanges: 834
Total Exchanges: 10678
BTC: 117948.76$(0.05%/1H)
ETH: 3569.8$(0.22%/1H)
AVAX: 23.61$(-0.32%/1H)
BNB: 733.99$(0.14%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.82$(-0.19%/1H)
DOT: 4.25$(-0.35%/1H)
UNI: 10.22$(-0.17%/1H)
CAKE: 2.66$(-0.23%/1H)
SUSHI: 0.91$(-0.24%/1H)
ONE: 0.01$(-1.21%/1H)