Dear Ferrum Community,
We are thrilled to announce the next Ferrum Network staking project — Base Protocol!
Base Protocol (BASE) is a token whose price is pegged to the total market cap of all cryptocurrencies. BASE’s mission is to allow traders to gain exposure to the entire crypto industry with one token. Through an elastic supply protocol and rebasing, BASE aims to become the primary crypto market index for investors across the world.
In this article, we describe Base Protocol staking and why it is so valuable for both projects.
Staking BASE Through Ferrum’s Flexible DeFi Staking Platform
With the emergence of DeFi and the appeal of passive income, staking has taken on a relevance like never before. Unfortunately, staking has mostly been reserved for big-cap projects with main net, leaving hundreds of exciting new projects — like Base Protocol— with not enought flexible option to offer staking for their own token.
This gap in the market is why we built our flexible DeFi Staking Platform for any ERC-20 token. Participants lock their tokens and earn high yields based on the length of time staked. It’s like a decentralized high-yield bank account, with maximum customization for projects and flexibility for participants!
Projects like Base Protocol Can Customize Their Staking to Fit Their Needs
Each project and community has different token metrics, unlocking schedules, and community concerns. This is why we built our DeFi Staking Platform to be fully customizable.
Base Protocol can choose a staking structure that works for them by deciding on the number of staking pools, the amount of tokens to be staked, the rewards for each pool, the timing for early withdrawal, and much more. We can’t wait to see what Base Protocol has in store for its staking structure.
As always, thank you for your continued support of Ferrum Network, and stay tuned for more major partnerships to be announced soon!
-The Ferrum Network Team
About Ferrum Network
Ferrum Network is building a DeFi ecosystem that interoperates across chains and removes barriers to mass adoption with user-friendly products for swapping, staking, and transferring cryptocurrencies. Its cross-chain DAG will enable the transfer of any digital asset in milliseconds for near-zero network fees, unlocking tremendous value for the entire industry. Ferrum’s non-custodial UniFyre Wallet has already revolutionized the way people send crypto with its “Link Drop” technology, and is transforming the OTC market with risk-free OTC swaps embedded in a shareable link. Ferrum’s Staking-as-a-Service is now used by dozens of projects, and our Token Bridge is the fastest, and most secure means of moving assets between Ethereum and Binance Chain. Look for Ferrum to launch more transformative DeFi technology throughout 2020 and beyond.
Base Protocol Social Media
UniFyre Download Links
UniFyre Android: https://play.google.com/store/apps/details?id=com.ferrum.unifyre
Follow Ferrum/UniFyre on Social Media
Ferrum Website: https://ferrum.network/
UniFyre Website: https://unifyre.io/
UniFyre Twitter: https://twitter.com/UnifyreWallet
A project’s use of our staking technology and/or wallet listing does not constitute an endorsement of that project or its token from an investment standpoint. All projects that use our staking and/or listing are clients, unless otherwise stated in this disclaimer. Cryptocurrencies, tokens, and other digital assets are high risk and highly speculative. They may lose their value. All staking participants are advised to do their own research before staking any tokens.
Originally published on Ferrum Network’s Medium.