Announcing the Ferrum and Bondly Staking Partnership

4 min readDec 6, 2020

Dear Ferrum Community,

When we were first introduced to Bondly Finance many months ago, we knew they were special. Rarely does a project present that combination of technological prowess, real world adoption, and the ability to capture emerging opportunities like NFTs as adeptly as Bondly.

Naturally, we were thrilled when they joined our incubator — The Foundry — as the first incubation project. We were also incredibly thankful when the Ferrum community invested in the Bondly pre-sale when they were still in their early stage…

Now with the Bondly token generation event on the horizon, we are thrilled to announce a long-term strategic partnership with Bondly to bring staking to the next level. Ferrum is well known for its top-notch staking technology that has been used by over 40 projects and over $15 million TVL across all projects. But for Bondly we are not doing just a a “normal” staking — instead we will soon launch an ultra customized version of Ferrum’s staking technology for the BONDLY token that for the first time ever establishes a connection to the exciting world of NFTs.

Let’s dive into this exciting new collaboration with Bondly Finance!

Staking BONDLY Through Ferrum’s Flexible DeFi Staking Platform

With the emergence of DeFi and the appeal of passive income, staking has taken on a relevance like never before. Unfortunately, staking has mostly been reserved for big-cap projects with main net, leaving hundreds of exciting new projects — like Bondly Finance — with no viable option to offer staking for their own token.

This gap in the market is why we built our flexible DeFi Staking Platform for any ERC-20 token. Participants lock their tokens and earn high yields based on the length of time staked. It’s like a decentralized high-yield bank account, with maximum customization for projects and flexibility for participants!

And with different versions of Ferrum staking now available, such as Liquidity Staking and VIP staking, we have been able to create a completely bespoke version of staking for Bondly and their community.

Bondly Will Launch a Customized Version of Staking Involving NFTs

Each project and community has different token metrics, technology and growth plan. This is why we built our DeFi Staking Platform to be fully customizable. However, we have never done anything quite like this revolutionary new version of staking…

Bondly has done incredible work with their NFTs, and it only felt right to incorporate this unique aspect of the Bondly ecosystem into the Ferrum staking technology. We cannot wait to reveal more about Bondly’s unique application of the Ferrum staking technology!

What’s Next

In the coming days, we will reveal the staking structure, APY, time lengths and other key details around the Bondly staking, including how exactly they will be incorporating their NFTs into the staking technology. We can’t wait to share it with you!

Thank You to the Bondly and Ferrum Communities

We want to give a special thank you to the Bondly team and community for putting in an incredible amount of work leading up to their launch.

We also want to thank all the Ferrum holders and community members who believed in Bondly early on and invested in their pre-sale. We truly appreciate the trust and support you have given to both projects and we are looking forward to continuing to build on the Ferrum-Bondly partnership well into the future.

Thank you all!

-The Ferrum Network Team

About Ferrum Network

Ferrum Network is building a DeFi ecosystem that interoperates across chains and removes barriers to mass adoption. Its cross-chain DAG will enable the transfer of any digital asset in milliseconds for near-zero network fees, unlocking tremendous value for the entire industry. Ferrum’s non-custodial UniFyre Wallet has already revolutionized the way people send crypto with its “Link Drop” technology. Ferrum’s Staking-as-a-Service is now used by nearly 50 projects with $15 million TVL, and our Token Bridge is the fastest, and most secure means of moving assets between Ethereum and Binance Chain. Look for Ferrum to launch more transformative DeFi technology throughout 2020 and beyond.

About Bondly

Bondly is an interoperable, transparent, and portable swap protocol designed to revolutionize traditional escrow methods and make everyone into their own digital marketplace. Our family of trust-enabling DeFi products are designed to be a part of everyday buying and selling activities, giving peace of mind for swap or online purchases. Our product BProtect is a DeFi enabled eCommerce gateway specializing in integrating into your favorite online marketplaces very simply and easily with no integration fees, just staking tokens.