Ferrum joins Neon Foundation’s Early Builder Program
Neon Foundation, the Neon EVM ecosystem accelerator, has allocated 1% of its total NEON token supply (10 million tokens) towards the Early Builders’ Program to be spread across qualified projects building on the Neon EVM DevNet.
Neon Foundation’s Early Builders’ Program is part of a larger strategy to accelerate the growth of the Neon Ecosystem. The Early Builders’ Program targets pioneering developers to build dApps, key infrastructure, and development tools for Neon EVM. Participants are incentivized to build on Neon EVM DevNet with rewards.
“We are thrilled to embark on this journey with Neon,” said Nick Odio from Ferrum. “And we are proud to be among the first group of projects to build on the network.”
Why Ferrum?
Ferrum is a great fit because they have already begun development to integrate their multichain DEX aggregator, MultiSwap, with Neon. Awarding Ferrum access to the Early Builders’ Program signals a long-term partnership between Neon Labs and Ferrum.
Ferrum’s MultiSwap will reduce friction between new users and the Neon ecosystem by providing a seamless process and user-friendly experience to bring liquidity into the Neon network. Furthermore, the Ferrum partnership will grow the TVL and range of native DEXs on the Neon network by tapping into preexisting DEX liquidity to support the volume of transactions to and from the Neon network via MultiSwap.
“The integration with Ferrum’s Multiswap will ensure that participants in the Neon ecosystem have easy access to liquidity,” said Marina Guryeva, director of Neon Foundation. “This accelerates our vision of a robust and accessible decentralized financial infrastructure for all by enabling developers to innovate and build competitive DeFi applications.”
About Neon EVM
Neon EVM is a fully-compatible Ethereum environment solution built on the Solana blockchain. The platform allows developers to deploy Ethereum dApps without undertaking any reconfiguration. Neon EVM enables Solidity- and Vyper-based dApps to tap into Solana’s network benefits: low fees, high transaction speeds, and parallel transaction execution capabilities.
From a developer’s perspective, this means being able to 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 at a lower cost and with improved speed performance.
Neon EVM brings the best Ethereum solutions to Solana and gives the community the foundation to develop, grow, access, and share their dApps.
What does the future hold?
Ferrum is interested in integrating multiple products with Neon EVM. Early candidates include their suite Staking-as-a-Service solution, their white label vesting and claiming portal, Iron Vest, and the multichain messaging engine, Quantum Portal.
Start using Ferrum Network today at https://ferrum.network/.
