Ferro Protocol Tries to Fill Stablecoin Trading Gap with Low Fees

Ferro Protocol is a StableSwap AMM built on Cronos that lets users trade stablecoins and pegged assets at 0.04% fees, significantly lower than the standard 0.3% fee charged by most constant product AMMs.

The protocol reached $50 million in total value locked within its first month in mid-2022, but this figure has since declined sharply to approximately $1.2 million as of January 2025.

Ferro uses a hybrid curve model that switches between constant product and constant sum formulas to reduce slippage for stablecoin and pegged asset swaps.

The xFER vault lets stakers lock FER tokens for boosted yields, integrated with Crypto.com DeFi Earn for additional staking reward distribution channels.