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Hera Finance is the key liquidity aggregator for Andromeda Network, offering a wide variety of tokens and some of the best routes for any of their offered token pairs. Hera was also the very 1st project to register for our recently launched CEG program.
A dApp that searches for the best prices among different exchanges, in order to find the best match to execute a certain trade. Basically, Hera finds liquidity for you, instead of letting you incur massive slippage. As you may also expect, the best priced trade is not always on one DEX, and may involve a combination of trades across many DEXes.
Here’s a real example of the cost advantages:
Some of its most popular features include, but are not limited, to:
Smart Routing: Automatically finding the best available price across multiple exchanges to optimize the outcome of trading any pairs. Hera directly connects all DEX markets and AMM pools together no matter the provider and will find all direct and 2-hop to 5-hop routes between any two tokens on Metis Network. As of right now, there’s a maximum 5-hop route.
Sometimes, the best priced routes are not direct markets. Therefore, Hera looks for the best price by routing through an intermediary token. This can sometimes achieve better prices, due to price inefficiencies and/or volatility in the various markets that Hera.Finance routes through.
Trade Splitting: Dividing a large order into a series of smaller ones. This allows securities to be traded, whether they’re bought or sold, with ease and can also make the order eligible for more rapid trade executions. When Trade-Splitting, the % distribution of the trades is dynamically determined to give you the best price. This feature is very helpful, specially for large size trades and trades with tokens where there is shallow liquidity spread out across a number of DEXes.
Swap Fees Distribution: Hera earns income from every swap, and these fees don’t go directly to the team. These fees will also contribute to the growth and development of the project and ecosystem.. It will also be sent as a reward to people who use Hera’s app and will provide incentives to the stake pool.
Proceeds from transaction fees will be distributed as follows:
Multitoken aggregation: Each token trade requires a series of transactions, therefore, Hera’s goal is to enable you to trade faster and with lower fees. For example, if you have A-B-C-D tokens and you want to swap them all to METIS. Hera Finance simplifies this by requesting an approval for all tokens and swap them all in a single transaction. This way, the users are getting rid of wasted time and high fees.
Governance (DAO) — Soon: Governance is restricted to stakers, and these stakers will have a say on topics including:
Protocol security is unarguably one of the biggest/most important points when looking at a project. In the case of Hera, it doesn’t have one audit, but instead 2.
Hera Finance made sure to audit their Aggregator, and Fee organizer: both by Armour Labs.
Aggregator: http://odex.vip/?sign=a3a99d09d0c20d4306da1ca6daf835b7
Fee Organizer: http://odex.vip/?sign=8eba4e3e16e6e5a1fd8a7147c829d69e
As you can see, all goals for the Q1 Roadmap were delivered as expected, including:
For Q3, Hera prioritized the development of Hera v2, having already tested it as well. For Hera v2 we’ll see improvement such as:
Here’s a sneak peek of the new website
Hera aims to make developing a good swap interface or program as seamless and magical as possible. How, though?
• Hera makes inquiries in more than one liquidity provider and sets up trade splitting to provide balance. It provides a balancer effect on different prices on different dex platforms and averages the price. Besides, it serves as a blocking factor for many flash swap bots.
• Takes advantage of time, transaction fees and the number of transactions that will tire the network.
• Helping prevent unstable movements, as well as the “gap” problem in large transactions. Hera does not experience large shifts in the prices of input/output tokens, which is an important element for the ecosystem.
