What is Ferrum Network?
Ferrum Network is a complete decentralized finance (DeFi) ecosystem that interoperates across chains, removing barriers to DeFi mass adoption. Ferrum protocol connects different blockchains together allowing users to exchange any digital asset with near-zero network fees, using link-based swapping technology to eliminate the complexity of sending to and from traditional blockchain wallet addresses. Using the Link Drop feature within Ferrum Network UniFyre Wallet, users can send risk-free payments over any chat or social media application. UniFyre Wallet provides other advanced DeFi functionality to support cross-chain decentralized swaps using Token Bridge and Infinity DEX while leveraging decentralized synthetics to provide near-instant transfer, with additional support for margin trading and cold storage using Sub Zero Wallet configured with an offline Android device. Ferrum Network provides a flexible Staking-as-a-Service mechanism compatible with any ERC-20 token allowing users to lock and earn tokens similar to a decentralized high-yield savings account. Ferrum tokens (FRM) function as gas tokens to reduce fees between transactions on the platforms. Spent FRM tokens are burned forever, encouraging deflation by decreasing FRM circulating supply. Ferrum is a non-custodial exchange, allowing users full control over their wallet private keys. Ferrum is blockchain agnostic enabling cross-chain transactions all within one network, with future focus to adopt a Directed Acyclic Graph (DAG) consensus/convergence model, eliminating the need for a dedicated Ferrum blockchain.
