Athena Finance Joins Hercules Genesis Pool Launch
Since its inception, Hercules has been steadfast in bringing real value to users, protocols, and the Metis ecosystem overall. To accomplish this, Hercules has brought many top projects aboard its platform in a unique way that fosters long-term synergies and development. Today, we are proud to continue this tradition by welcoming Athena Finance as an ecosystem launch partner and member of the Olympic Circle!
What is Athena Finance?
Athena Finance is an easy-to-use, yield-generating protocol for stablecoin and LP assets and exists as the official DeFi yield booster of the Hummus exchange on Metis. Because Athena is integrated specifically with the Hummus platform and tokenomic structure, users get to unlock additional utility and yield on their HUM tokens.
With Athena Finance, users can convert their original HUM tokens for xHUM which grants them a portion of the yield generated by the protocol. Additionally, xHUM stakers and LPs will also receive Athena’s native token (ATH) as a reward, which entitles them to a share of the protocol’s revenue. Alternatively, users can also earn boosted yields through Athena’s one-sided staking support for stablecoins.
Overall, Athena epitomizes the true spirit of DeFi as it offers flexibility and increased yield-bearing opportunities for users!
Hercules — The Custom-Built Liquidity Infrastructure of Metis
Hercules is a capital-efficient and highly flexible DEX and liquidity platform that offers a wide range of advanced tools and features that can be custom-tailored to meet the unique specialized liquidity requirements of Metis builders while offering real yield opportunities for users.
Some of the innovative features used to help boost projects on the Hercules platform include:
- Nitro Pools allow projects to incentivize additional liquidity for pairs in a completely permissionless and customizable way. Each Nitro pool can be custom-tailored towards a project’s needs, as they can set their own LP /reward parameters and even target specific users/LPs they want to reward to further boost liquidity and user participation.
- spNFTs allow LP rewards to be reused for additional user/liquidity participation for increased yields.
- Escrowed Tokenomics for a sustainable long-term protocol that enables real yield for holders.
- xTORCH plugins are contracts that enable access to Dividends for real yield, Yield Boosters to increase APR, Launchpad, Gauge, and more.
With this advanced liquidity infrastructure, protocols like Athena Finance can enjoy deep and adaptable liquidity that’s fully customizable to ensure long-term stability for the project, better trades, and attractive yields for users!
How Does the Genesis Pool Benefit Athena Finance?
The genesis pool is a temporary nitro pool that helps bootstrap early liquidity at launch in order to scaffold deep liquidity for the longevity of the project and ecosystem. Genesis pools exist for a limited time only and offer boosted yields to early liquidity providers who stake their spNFTs in the Athena Finance dedicated pool.
In addition to joining as a launch partner leveraging Hercules’ advanced liquidity infrastructure, we are proud to announce Athena Finance’s inclusion into the Olympic Circle! With their Protocol Owned-Liquidity on Hercules, Athena will be able to secure an ownership stake in the protocol in the form of Hercules’ xTORCH. These tokens can be allocated to the Dividend plugin for real yield, incentivization of a nitro pool, boost APRs, or building a new source of yield for their treasury.
Conclusion
While 2023 has been a year of uncertainty and doubt for many, Hercules has proven that bearish periods can be some of the most crucial eras for development and innovation. With the help of the Olympic Circle, Hercules and its partners will be able to promote and grow the evergrowing DeFi economy on the Metis blockchain.
Stay tuned, as it won’t be long until the most valuable liquidity infrastructure project on Metis goes live!
About Athena Finance
Athena Finance is a protocol that synergistically integrates with the Hummus Exchange on METIS. Athena enables users to generate boosted yields on their Hummus deposits thus helping to achieve greater capital efficiency for the Hummus Protocol.
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About Hercules
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.
