We believe democratizing access to financial tools will drastically improve economic growth worldwide. With Ferum, we want to help onboard the next billion monthly active traders (MATs) and grow on-chain trade volume to $10T.
Historically, liquidity provisioning was limited to a handful of sophisticated market makers. With the advent of Automatic Market Making (AMMs), providing liquidity became more accessible with some drawbacks like impermanent loss and sandwich attacks. Building Ferum, we wanted to combine both the accessibility of AMMs but also preserve the flexibility of order book-based market making. The result is a CLOB that additionally enables the deployment of capital via a Smart Liquidity Vaults.
We currently provide two paths for providing liquidity to the protocol:
For Protocols
For Liquidity Providers
For Traders
@openbookdex @AptosLabs The goated AIP:
@openbookdex @AptosLabs There are other variables such as cranking, priority fees, APT/SOL prices at play but is a good first step. Here are the tx links: Ferum: Openbook: https://t.co/X2LEwoZw9O The CLOBs design space is heating up🔥🔥
To put the latest 100x reduction in gas in perspective, we compared our orderbook with @openbookdex on Solana! Placing an order on Ferum is currently only $0.00003 more expensive than doing so on Openbook. Good job @AptosLabs engs! https://t.co/Hc15MpNPz4
Today, the Ferum Team grew by 50%. We added 2 talented new engineers, and we absolutely cant wait to crush it.