ENKI: A New Champion Ascends to the Olympic Circle
Metis is soon to launch a Decentralized Sequencer to achieve full decentralization in Layer 2 networks and avoid single-point failures derived from centralized sequencers. This makes Metis the first Ethereum rollup with a decentralized sequencer, a major step for Ethereum scalability. With this groundbreaking update, Metis has been able to adopt native token staking, something no other L2 is currently capable of. This opens up a whole world of possibility within the Metis Ecosystem.
ENKI seeks to revolutionize participation in the Metis Sequencer Node ecosystem through a user-friendly and yield-generating platform. By securing early access to the Metis Sequencer Node whitelist, ENKI opens up this exclusive opportunity for regular users, enabling them to earn yields on their investments without the need for intricate technical knowledge or significant initial capital.
A Legendary Partnership forms
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.
ENKI will be establishing liquidity for its eMetis token, eMetis is loosely pegged to Metis. eMetis functions as a liquid representation of staked Metis within the ENKI Ecosystem, and, when staked, allows users to capture additional yield through their innovative Vaults.
ENKI protocol will also bring its ENKI token to Hercules. ENKI is the focal point of the ecosystem, allowing users to interact with their innovative vault mechanism, participate in governance, and activate additional incentives. Users contributing to ENKI’s vault will enjoy a unique opportunity to earn on staked Metis, compounding yield for even higher rewards all while earning in Metis’s revolutionary decentralized sequencer.
Hercules is committed to providing dedicated support to facilitate the deployment of ENKI pools. Once ENKI is live on Metis, Hercules will host, and facilitate the management of eMetis/Metis, ENKI/Metis, and ENKI/eMetis pools.
Some of the key features ENKI users may employ on the Hercules platform include:
- spNFTs The hallmark device of the Hercules ecosystem that allows users to wrap LP positions into a further-stakeable position used to boost yield.
- 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.
- Escrowed Tokenomics for a sustainable long-term protocol that enables real yield for holders.
- AMM and dAMM implementation that allows for both volatile & stable assets with customizable, dynamic fees.
With this advanced liquidity infrastructure, protocols like ENKI 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!
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.
Hercules is committed to growing the Metis ecosystem by onboarding a wealth of high quality partners, both native and off-chain. Stay tuned to our social channels for a first look at all the exciting news!
Hercules:
Website | Twitter | Telegram | Discord | Zealy
Enki:
