Alpha Pools
Begin Here.
Preface
Every story has a beginning. The child of a God-king and a mortal with unsurpassed wisdom, the champion we know today as Hercules was famously strong but also creative, adventurous but dutiful. That was his story.
Taking the fabled character as our inspiration, the Hercules DEX, on Metis, is about to write its own story. With a composable, efficient liquidity protocol and world class partners, Hercules aims to become the native liquidity layer for the Metis network.
Let’s begin our story 📖
TL;DR
- March 25–29: Alpha Pools are open to deposits.
- March 26-April 1: Alpha pool rewards harvesting period.
- The Alpha Pools will be METIS-WETH, WETH-USDC, METIS-USDC, USDT-USDC, artMETIS-METIS.
- Alpha Pools depositors can earn Whitelist spots during the TORCH token public sale.
- Alpha Pools are based on the Nitro Pool mechanic.
What Are Alpha Pools?
Our Alpha Pools are where the very first Hercules users will start. In return, users who deposit into Alpha Pools will be rewarded quite handsomely. Alpha Pools will bootstrap the protocol’s initial liquidity.
As shown in the table above, our Alpha Pools will be as follows:
- METIS-WETH
- METIS-USDC
- WETH-USDC
- USDT-USDC
- artMETIS-METIS
The artMETIS-METIS pool is that of our Olympic Circle Partner, Artemis, a liquid staking protocol designed exclusively for Metis Decentralized Sequencer Pools.
Alpha Pools will open to deposits on March 25 and close to deposits on March 29. Rewards, given in xMETIS, will begin to be allocated to depositors on March 26. Harvesting these rewards will then be available from March 26 to April 1.
Anyone can deposit into Alpha Pools. Those who deposit earn xMETIS, the escrowed version of METIS, which follows the same vesting mechanic as xTORCH. (Alpha Pools use the Nitro Pool mechanism).
Withdrawal from the Alpha Pools prior to the end of the Alpha Pool period is possible but the user’s share of the emissions is redirected thereafter to the remaining participants. The user can claim their rewards earned up to that point.
IMPORTANT: Alpha Pool(s) depositors can earn Whitelist spots for the TORCH token public sale. The Whitelist allocation will depend in part upon the size and duration of the user’s Alpha Pool(s) position. Details will be available soon.
IMPORTANT: Upon the end of the Alpha Pools rewards streaming period and Genesis Pools opening, both occurring on April 1, Alpha Pool depositors will need to unstake their spNFT and deposit it into the Genesis Pools to earn TORCH/xTORCH, xMETIS and LP Partner incentives there. When you withdraw from the Alpha Pool, your earned xMETIS will be automatically claimed. After that, you just need to stake into the Genesis Pools corresponding to the pool in which you created your position initially.
TIP: An spNFT corresponds to the pool in which the user has created a position (i.e., added liquidity). Therefore, plan ahead for the Alpha Pool(s) and Genesis Pool(s) you intend to use.
Alpha Pool rewards are made possible thanks to the $1M Grant from the Metis Ecosystem Development Fund. The Hercules team deeply appreciates this generous support!
How Do I Bridge to the Alpha Pools From Another Blockchain?
Want to bridge to Metis and get into the Alpha Pools? Hercules has integrated two top bridge providers into its UI: LI.FI and Synapse.
Next, choose LI.FI or Synapse as your bridge provider.
If you’d like to find another route, the Metis website provides a handy list of other bridging options, such as Wanchain.
If you followed these steps, you’re now in the Alpha Pools. Thank you for using Hercules.
About Hercules
With a composable, efficient liquidity protocol featuring seamless swaps, staking, real yield, and a launchpad, 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.
