Ferrum and Plethori Form Partnership — Plethori Joins the Iron Alliance
Ferrum and Plethori have joined forces to bring FRM to the world of crypto ETFs!
Dear Ferrum Community,
Ferrum is excited to reveal its latest partnership with ETF creation and trading protocol, Plethori. The Iron Alliance boasts a robust network of partners, clients and incubated projects across a wide array of sectors within the blockchain industry and we are thrilled to add Plethori to the mix.
What is Plethori?
Plethori is a Crypto ETF creation and trading protocol that allows users to invest in a wide range of Crypto ETFs comprising assets from sectors driving the crypto space. Plethori’s ETFX provides the framework for users to create and manage customized ETFs, earning a percentage of the transaction fees each time their fund is traded.
Offering the world’s most popular financial product within an innovative and gamified platform, Plethori are focused on facilitating mass adoption and accelerating the decentralization of the global economy.
“Ferrum has defined the DeFi solutions space since its inception in 2018, having added significant value with each and every rollout. Their ever-expanding catalog of multi-chain products illustrates well the innovation required for success in this fast-moving industry. We’re looking forward to collaborating with their team and exploring potential synergies as Plethori’s ecosystem continues to grow. First and foremost, this will begin with the inclusion of Ferrum’s native token — FRM — as an underlying asset in our DeFi Solutions ETF.”
— Callum Mitchell-Clark, CEO at Plethori
“Ferrum has been looking at ways to gain exposure to TradFi markets. With ETFs being a cornerstone of TradFi and Plethori being a first mover in bridging DeFi with ETFs, this partnership was a no brainer! We’re looking forward to being a part of their growth and welcome Plethori to the Iron Alliance.”
—Nick Odio, EVP Partnerships and Growth at Ferrum
Plethori’s DeFi Solutions ETF ($DEFI)
Plethori’s DeFi solutions ETF will include projects who have contributed significantly to the rise of valuable infrastructure within the DeFi space, such as lending, staking, farming, exchange, and bridging platforms. Ferrum’s inclusion in the ETF will provide increased trading volumes for FRM, as well as enhanced exposure for the network within both the Crypto and TradFi markets. Available exclusively on Plethori’s ETF Exchange (ETFX), $DEFI offers investors a vehicle to buy into the entire sector with just one transaction.
As with all the megatrend ETFs, Plethori’s native PLE token will constitute 5% of $DEFI. This creates constant deflationary pressure on the token supply, exposing PLE to higher forces of demand as ETFs are purchased on the ETFX. Holders of PLE are also granted privileges, such as access to the ETF creation portal, ETF whitelists, and a 25% discount on fees.
We look forward to beginning our journey with Plethori and believe that this will end up being a long-lasting and fruitful relationship. We will keep the community updated as Plethori moves toward the launch of $DEFI.
Very truly yours,
The Ferrum Network Team