The Ferro protocol is built on the Cronos blockchain. It is a StableSwap AMM protocol. By creating a more efficient pool composed of highly correlated assets and allowing better compatibility between protocols in the Cronos ecosystem, it provides Users bring more efficient ways of exchanging and farming tokens.
There are 2 types of tokens that power the entire Ferro ecosystem, each with a different utility, $FER and $xFER. The $FER token is the main reward/incentive token in the protocol, while the $xFER token is the revenue token. Users may choose to convert $FER to $xFER at the prevailing exchange rate at any time.