Hercules, a community-first, capital-efficient, and flexible DEX backed by the MetisEDF, will launch on Metis on March 18. Hercules aims to become the native liquidity layer for the Metis Andromeda network. Its flexible features are tailored to protocol-owned liquidity, allowing dynamic fees and customizable incentives packaged in a user-friendly interface. Drawing inspiration from the Camelot protocol on Arbitrum, Hercules was developed with multiple tools to support the next generation of builders who look for sustainable liquidity in the Metis network.
Hercules is a sophisticated decentralized exchange (DEX) that prioritizes sticky liquidity and offers real incentives to its users. Unlike other DEXs that concentrate on transferring funds, Hercules provides innovative features that make it versatile. The platform is built to be adaptable, allowing project creators to set up exclusive rewards and ensure enough liquidity is always available for trading. Meanwhile, users can earn actual profits on their investments, contributing to the growth of the entire Metis ecosystem by increasing the funds available for trading directly on the blockchain.
Hercules introduces advanced features such as concentrated liquidity AMM and dynamic AMM, , flexible swap fees, and yield-generating spNFTs. Key highlights include:
Simplified Concentrated Liquidity: Reduces the complexity for users, enhancing their trading experience.
Dual Liquidity Types: Accommodates volatile and stable asset pairs, broadening market appeal.
Adaptive Swap Fees: Features dynamic fees based on market direction, optimizing trades.
spNFTs for Liquidity Positions: Offers stakeable NFTs representing liquidity contributions.
Diverse Real Yields: Provides varied yield opportunities, including boosters, dividends, and access to new launches.
Burn Mechanism: Incorporates a native token burn to sustain value over time.
Referral Rewards: Implements a whitelisted system for sharing swap fees, encouraging growth.
Limit Orders: Enhances trading strategies with precise entry and exit points.
The xMetis token is a new version of the METIS token that is designed for escrow and vesting on the Hercules platform. xMETIS will vest with the same mechanic as the xTORCH token. With the introduction of xMetis, Hercules has significantly enhanced the DeFi experience for its users, providing more opportunities to interact, invest, and grow within the ecosystem.
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Hercules is set to revolutionize the Metis ecosystem by introducing innovative strategies and a dual-token system (TORCH and xTORCH), designed to enhance user engagement and investment. Hercules is focused on improving liquidity and transaction volume, aiming to make the Metis network more robust and dynamic. Key launch features of Hercules include advanced asset management through Algebra's concentrated liquidity AMM and strategic partnerships with top aggregators like OpenOcean, LI.FI, and Synapse, and specialized options for projects to manage their liquidity. Additionally, Hercules will soon launch their launchpad to support the most innovative new projects on Metis, which will be backed by strategic partnerships with major projects and bolstered by a significant MetisEDF grant. This initiative positions Hercules as a catalyst for growth and accessibility within the ecosystem, promising a vibrant future for Metis users and projects.
Hercules has been selected as the next grant recipient from the Metis Ecosystem Development Fund (Metis EDF). The $1 million grant will significantly enhance the platform's capabilities and attract protocol-owned liquidity. This support from Metis EDF will propel Hercules forward, providing vital resources for the platform's development and expansion. This strategic investment underscores the confidence in Hercules' potential to innovate within the Metis ecosystem, promising an exciting future.
Get ready for an epic launch! Hercules is hitting the Metis ecosystem on March 18th. We are also excited to announce that Hercules is participating in the Metis MarchDrop campaign. This will provide users with an exclusive opportunity to participate in Hercules quests and earn points for unlocking exciting rewards. The official announcement will be shared on the Metis X account. Stay tuned! If you have questions about navigating the platform, we encourage you to join the Hercules community, where the team is always available to assist you.
Website: https://www.hercules.exchange/
X: https://twitter.com/TheHerculesDEX
Telegram: https://t.me/herculesdex
Medium: https://herculesdex.medium.com/
