SushiSwap Becomes Ferrum’s Preferred Partner DEX on Arbitrum
After breaking into the Arbitrum Ecosystem, Ferrum and SushiSwap look to collaborate on multiple fronts!
Dear Ferrum Fam,
Ferrum recently announced that they have added FRM liquidity on Arbitrum. Ferrum has chosen SushiSwap as the DEX to host both FRM/ETH liquidity and FRM/cFRM liquidity. But why stop there? As anyone who is familiar with Ferrum knows, we try to add as much value to the types of platforms that we leverage. This article aims to explain some of the other ways that Ferrum and SushiSwap intend on working together.
FRM/ETH Becomes Next Onsen Pool on SushiSwap
Onsen aims to bring new liquidity to SushiSwap, decrease slippage, expand their pool offerings, and foster exciting synergistic partnerships with other DeFi projects. Sushi’s core team decides which pools will be added to Onsen so we are beyond proud to say that Ferrum is the latest project that SushiSwap has agreed to partner with on this front.
Essentially, folks who decide to add liquidity in the form of FRM/ETH and stake their LP tokens in the FRM/ETH Onsen pool will be able to generate additional SUSHI rewards on top of the standard transaction fees.
Ferrum to Conduct FRM Buybacks on SushiSwap
As a thank you for graciously providing SUSHI rewards to liquidity providers, Ferrum will now be conducting our Bi-Monthly Buybacks of FRM on SushiSwap along with the FRM that we buy back for the Ferrum Employee Buyback Pledge. We hope that this can help to add to the volume on SushiSwap while also generating some exposure to SushiSwap within the Ferrum community!
SushiSwap to Highlight Ferrum Products on Sushi Academy
On a mission toward Demystifying DeFi, Sushi Acadamy provides everything you need to know whether a beginner, advanced user, or anything in between, in their recently launched learning platform Sushi Academy. Ferrum’s products and services such as MultiSwap and Crucible will be featured on Sushi Academy!
Ferrum Advisory Services to Guide FAS Clients Toward SushiSwap
Since joining the Arbitrum ecosystem, Ferrum Advisory Services (FAS) has already received inquiries from projects building on Arbitrum who are looking for incubation and advisory services. In the event that FAS takes on any of these clients and as part of this partnership, Ferrum will advocate SushiSwap as the best place for these young projects to host their liquidity.
Ferrum Looks to Integrate SushiSwap’s Trident with MultiSwap
TRIDENT 🔱 is a newly developed AMM and routing system from SushiSwap. Being that MultiSwap does not host liquidity of its own and rather taps into pre-existing DEX liquidity, Ferrum will look to make SushiSwap the first DEX integrated on Arbitrum. This will mean that any and all volume going through MultiSwap where Arbitrum is either the origin or destination chain, will in turn be volume generated on SushiSwap as well.
In Conclusion
We are thrilled to join forces with SushiSwap to help aid in our initiative to bring FRM and Ferrum products to the Arbitrum ecosystem. Thank you to the team at SushiSwap for being so easy to work with. We look forward to our continued growth together!
Stay tuned!
Very truly yours,
The Ferrum Network Team
About Ferrum Network
Ferrum is ushering in the era of blockchain interoperability 2.0. Powered by a multichain messaging engine known as Quantum Portal, Ferrum Network’s mainnet will bring value, data, and functional interoperability to every chain in the industry.
Utilize Ferrum Network to build and deploy solutions on one network and instantly enable multichain functionality without the burden or technical debt that comes with managing a multichain infrastructure.
