Ferrum Joins Neon’s Early Builder’s Program
Ferrum will be integrating MultiSwap with Neon to reduce the layers of friction between new users and the Neon ecosystem.
About Neon EVM
Neon EVM is a first-of-its-kind EVM-compatibility solution built on the Solana blockchain. The platform allows Ethereum-like transactions to be processed on Solana, allowing solidity-based dApps to tap into Solana’s network benefits.
Ethereum dApp developers can create user experiences that take full advantage of Solana’s low fees, high transaction speeds, and parallel transaction execution capabilities. Developers can deploy their existing Solidity smart contracts to Neon EVM with no code changes, and create new contracts using tools they’re familiar with from the Ethereum ecosystem. From an end-user perspective, the dApps they know and love will function the same but will offer an improved cost and speed performance.
Think of Neon EVM as a portal that brings the best Ethereum solutions to Solana, and gives the community the ultimate foundation to develop, grow, access, and share their dApps.
What is the Neon Early Builder’s Program?
The Neon Foundation will allocate 1% of its total NEON token supply (10 million tokens), towards the Early Builders Program to be spread across qualified projects built on Neon EVM Devnet.
Neon Foundation is launching the Early Builders Program with the goal of accelerating the rapid growth of the Neon Ecosystem. The program begins on 28/02/2023 and will be an enriching learning experience that draws upon hard work from both program participants and the Neon Foundation.
The Early Builders Program is perfect for those interested in becoming pioneering developers of the Neon Ecosystem by building dApps, key infrastructure, and development tools for Neon EVM. Participating projects will be incentivized to build on Neon EVM Devnet with rewards. We see fostering active development on Devnet as an important way to continuously test the main functionalities of Neon EVM as the platform matures.
“The integration with Ferrum’s Multiswap will ensure that participants in the Neon ecosystem have easy access to liquidity. This accelerates our vision of a robust and accessible decentralized financial infrastructure for all by enabling developers to innovate and build competitive DeFi applications.”
— Marina Guryeva, Director of Neon Foundation. “
What is Ferrum building on Neon?
To start, Ferrum has already begun development on integrating our multichain DEX aggregator, MultiSwap with Neon.
MultiSwap will reduce the layers of friction between new users and the Neon ecosystem by providing a seamless process and user friendly experience and interface for folks to move liquidity to the Neon network.
This will not only enable a long term partnership between Neon themselves but also between native DEXs on the Neon network as we will be tapping into preexisting DEX liquidity to support volume being transacted to and from the Neon network via MultiSwap.
Future Plans
Ferrum will likely be integrating multiple products with Neon. Some of these may include our suite Staking as a Service solutions, white label vesting and claiming portal; Iron Vest, and eventually our multichain messaging engine, Quantum Portal.
In Conclusion
“We are thrilled to embark on this journey with Neon and are proud to be a part of the first group of projects to build on network. We look forward to contributing to the growth of this promising young ecosystem!”
— Nick Odio, Chief Growth Officer at Ferrum Network
