Decentralized financial ecosystem Ferrum Network announced on Thursday that it has entered into its next DeFi staking partnership with BarterTrade.io, a newly launched crypto staking platform. The details of the partnership are expected to come out of Friday, shedding more light on elements like total capital, lock-up times, and other relevant information.
DeFi is one of the fastest-growing segments in the crypto-blockchain industry. In the past few months, the segment has witnessed a tremendous multi-fold growth in demand for DeFi products, with new and established companies from all over the world, making moves to mark their presence. In an official Medium post announcing the partnership with BarterTrade.io, Ferrum stated that the rise of DeFi and demand for passive income sources has made crypto staking a popular choice.
Ferrum further added that upcoming and exciting smaller projects like BarterTrade often don’t get a chance to offer staking services to their users, as the existing trends only allow big projects with a mainnet to offer staking. It said that they are dedicated to bridging this gap via their flexible DeFi platform for all tokens built on the ERC-20 protocol.
The Ferrum Network is focused on bringing crypto staking to the masses, along with other DeFi products like swapping. Ferrum is also the creator of the UniFyre Wallet, a non-custodial crypto wallet, which implies Link Drop technology, revolutionizing the way people send and receive cryptocurrencies. The network is also expected to revolutionize the OTC market with the upcoming Swap Drop technology, which will let users engage in risk-free OTC transactions via a shareable link.