Introducing Ferrum Network Staking 3.1

Published in

FerrumNetwork

2 min readNov 24, 2020

We’re really excited to share the upcoming additional staking pools. The 3.0 round has been completely filled within 90 minutes so we decided to open another smaller round for those who missed the 3.0 pools.

📍 Launch date: Friday, 27th November 2020, 3pm EST (Time converter)

Intro to the Staking Structures

In terms of individual caps (i.e. amounts one can stake), the minimum amount one can stake in any of the pools is 5000 FRM. There is no individual cap, but the pool sizes are limited.

Why is this low staking minimum important? It means that essentially anyone can participate in Staking 3.1!

Mercury

APY at full maturity: 30%
Full maturity: 4.5-month length
Early withdrawal: 2.5 months, 10% APY
4 million FRM maximum pool cap
The minimum amount staked: 5000 FRM
Contribution Period: 7 days

Neptune

APY at full maturity: 60%
Full maturity: 9-month length
Early withdrawal: 5 months, 25Ad% APY
3 million FRM maximum pool cap
The minimum amount staked: 5000 FRM
Contribution Period: 7 days

About Ferrum Network

Ferrum Network is building a DeFi ecosystem that interoperates across chains and removes barriers to mass adoption with user-friendly products for swapping, staking, and transferring cryptocurrencies. 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, and is transforming the OTC market with risk-free OTC swaps embedded in a shareable link. Ferrum’s Staking-as-a-Service is now used by dozens of projects, 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.