Ferro Protocol operates on the Cronos blockchain as a StableSwap AMM. It enables users to trade with minimal fees and low slippage while farming tokens through efficient pools of highly correlated assets, aiming to improve composability across the Cronos ecosystem. The protocol provides two primary functions:

1. Ferro Swap This feature lets users swap one token for another with adjustable slippage, provided both assets exist in any of the protocol’s pools.

1. Liquidity Pools Individuals can act as liquidity providers by staking LP tokens in the liquidity farm to earn incentives. Rewards are paid in the native $FER tokens, and users may lock their tokens with various maturity choices to increase returns and receive a share of the protocol’s swap fee revenue.