Ferro Protocol
  • Ferro Protocol
  • Getting Started
    • Tokens on Ferro
    • Bridging Funds to Cronos
    • Connecting a Wallet
  • Litepaper
  • Essentials
    • Whitepaper
      • Protocol Overview
      • Key Functionalities
      • Tokenomics
    • Protocol Roadmap
    • Get Involved
  • User Guides
    • Ferro Swap
      • Swap Tokens
    • Ferro Pools
      • Our Partners
      • Provide Liquidity
      • Remove Liquidity
      • Stake/Unstake Liquidity
      • Claim $FER Rewards from Staked LP
    • Ferro Stake
      • Stake $FER for $xFER
      • Unstake $xFER for $FER
      • Lock $xFER into Vaults
      • Claim $FER Rewards from Locked $xFER
    • Pool Boost
      • Get Boost Power
        • 1. Stake xFER into Vaults
        • 2.Stake Cronos Cruisers NFT (Optional)
        • 3. Unstake/Change NFTs
      • Boost Liquidity Pools
      • Change Pool Selection
      • Pool Boost Calculator
  • Support & Help
    • FAQ
    • Troubleshooting
  • Fundamentals
    • The Ferro Team
    • Cronos Labs Incubation
    • What Is an AMM Protocol
    • What Is Impermanent Loss
    • Team Wallets
    • Token Supported
    • Smart Contracts
    • Security
    • Risk Disclosures
  • Developer Resources
    • GitHub
    • SDKs
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  1. User Guides

Ferro Stake

$xFER token is the yield-bearing token of the Ferro Protocol. Users can opt to convert $FER to $xFER at the prevailing exchange rate at any time. Ferro Protocol directs a certain portion of the protocol revenues (e.g. swap fees) into the $FER:$xFER conversion contract, resulting in the continuous increase of $xFER over $FER over time.

If you stake your LP tokens after providing liquidity to our pools and harvest your $FER rewards, 40% of the rewards will be directly converted into $xFER and locked in the 1-month vault, which will give you extra $FER rewards at a higher APR.

You can also choose to upgrade your $xFER vault to the ones with a longer locking duration with a higher APR to further boost your $FER rewards. Each batch of $xFER locked in the vault can only be withdrawn after the end of the locking duration of each batch.

As for the $FER tokens harvested and credited to your wallet, you are free to convert them into $xFER by staking, sell them directly, or use them to provide liquidity back into the protocol.

Any unlocked $xFER tokens can also be converted back to $FER by unstaking under Stake.

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Last updated 2 years ago