MetisDAO

Right! Another exciting episode of our great CEG program that aims in giving the community the power to vote on Metis partnerships, we are pleased to present to the community an awesome Project and a candidate of this episode’s VCP, Following an interesting and educative broadcast on our CEG Governance Youtube, We Present:

Hermes Protocol; Officially launched in February 2022 and started emissions in March 2022. Hermes allows liquidity providers to take decisions on adding new gauges, boosting gauge yields, voting on token emission, and receive bribes. This protocol is an overall Improvement of both Curve Finance’s mechanics and game theory.

Hermes Protocol allows low cost, near 0 slippage trades on uncorrelated or tightly correlated assets. The protocol incentivizes fees instead of liquidity. Liquidity providers (LPs) are given incentives in the form of HERMES, the amount received is calculated as follows;

• 100% of weekly distribution weighted on votes from veHERMES holders
• LPs with 0 veHERMES balance, will earn a maximum of 40%.

Hermes V2 will offer multiple DeFi services compared to V1, while improving capital efficiency and user experience:

• Bridge-less omnichain environment, powered with concentrated (Uni V3) and unified liquidity.
• Decentralized Uniswap V3 Liquidity Management.
• Uniswap V3 Liquidity Incentives.
• Refined ve(3,3), becoming a fungible ERC-4626.
• Improved UX and UI.
• Omnichain Yield marketplace.

Absolutely buzzing right? Make Hermes a CVP? Let your vote Speak!!!

Built for the people, run by the people.

-Team Metis