Artemis: A New Champion Ascends to the Olympic Circle
Hercules is excited to announce Artemis Finance as a key launch partner and newest member of our Olympic Circle to foster deeper and more efficient liquidity for the entire Metis ecosystem and an even better user experience.
Artemis Finance is a liquid staking protocol designed exclusively for Metis Decentralised Sequencer Pools.
A Legendary Partnership
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.
Artemis users can stake their METIS token on Artemis Finance and receive the liquid token — artMETIS. Artemis will bring ART, its governance token, to Hercules. Artemis will also establish liquidity for its artMetis token. artMetis functions as a liquid representation of staked Metis within the ecosystem and allows users to capture additional yield through their innovative Vaults.
As an Olympic Circle Champion, Hercules is committed to providing dedicated support to facilitate the deployment of Artemis pools. Once Artemis is live on Metis, Hercules will host and facilitate the management of artMETIS/METIS.
Artemis Finance
Artemis offers METIS holders a streamlined opportunity to participate in the Decentralized Sequencer and earn profits. Simultaneously, participating users will receive a liquid wrapper called artMETIS, which automatically accumulates earnings. This approach makes it easier to build a robust DeFi utility.
- While earning staking rewards through participation in the Decentralized Sequencer, users can maximize the efficiency of fund deployment by engaging in various activities on the Metis chain through artMETIS.
- The artMETIS token, being yield-bearing and following a single-token model, promotes greater liquidity concentration and uniformity. Additionally, earnings are automatically reinvested, providing a more user-friendly experience.
- Rooted in community-driven principles, Artemis is set for a fair launch. In the future, Artemis Token holders can stake or lock their tokens to receive a share of the protocol-generated fees. Importantly, it serves as a crucial tool for protocol governance.
Looking A Little Deeper
Artemis Finance is incubated and backed by NGAD, a foundation DAO dedicated to pioneering the future of asset growth and expanding the horizons of Liquid Staked Tokens ecosystems. NGAD’s other member protocols include Equilibria Finance and Euclid Finance, both of which will play pivotal roles in creating synergistic effects within the Metis Ecosystem and further bolster the growth of Artemis.
What’s Next
Hercules will do what it does best — deep and flexible liquidity. Hercules will give protocol owned liquidity like Artemis a high level of control to ensure a healthy rewards structure.
About Hercules
Modelled after the highly successful Camelot DEX project, Hercules is a community-first, capital-efficient and flexible DEX developed with multiple tools to support the next generation of builders who look for sustainable liquidity in the Metis network.
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