Full Hercules Launch Details
Hercules Launches March 25. Are You Ready, Anon?
The age of Hercules is nigh! The mythical champion launches on Metis on March 25.
The Hercules launch is not your typical DEX launch. That’s because Hercules is not your typical DEX. Our launch is designed from start to finish to create sticky liquidity, attract protocol participation, reward individual users, build community, and foster an overall healthy Metis ecosystem. Please read this guide carefully, and, if you have any questions, our friendly mods in Telegram and Discord will help you out.
The Short Version: Hercules Launch Sequence
When Hercules was tasked to clean several thousand animal stables in a single day or lose the chance to be immortal, he — quite literally — took a shortcut; he redirected two nearby rivers with a shovel and washed them out.
Here’s the short version:
- March 25-29: Alpha Pools open to deposits (METIS-WETH, WETH-USDC, METIS-USDC, USDT-USDC, artMETIS-METIS). These depositors can earn Whitelist spots during the TORCH token public sale.
- March 25-April 2: Partner Projects Launchpad Blitz
- April 1-7: Genesis Pools open to deposits (METIS-WETH, WETH-USDC, METIS-USDC, USDT-USDC plus Partner Pools 👀). These depositors can earn Whitelist spots during the TORCH token public sale.
- April 5-6: TORCH token Public Sale
- April 8: TORCH token TGE & Farms Open
- April 15: NitroDrop Campaign ends
- April 16-May 15: NitroDrop Campaign reward claim period
- July 29: Genesis Pools rewards end
The dates and times given herein are subject to change. Follow Hercules socials for the most recent information.
The Long Version: Hercules Launch Sequence
Our hero, Hercules, once had to hunt a fabled deer for a whole year, probably by closely interpreting every twig, leaf, and emoji. Sometimes, it pays to be detail-oriented. Your map to the Hercules launch on Metis is given below. Begin your journey here 🗺️
Alpha Pools
We begin with Alpha.
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 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.
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 it into the Genesis Pools corresponding to the pool in which you have 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.
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 earn up to that point.
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!
Launchpad Blitz
We are very excited to welcome several incredible projects to Metis during the Hercules Launchpad Blitz, running March 25 to April 2! These projects, which will launch on the Hercules Launchpad, will be announced very soon, and they will bring versatile and important new capabilities to Metis.
Since these projects will launch before xTORCH is available, participants (investors) in the Launchpad will not need xTORCH to participate. Each project will set its own participation Whitelist.
Genesis Pools
We repeat this upfront: If you intend to transition from the Alpha Pools to the Genesis Pools, you simply need to unstake your position from the Alpha Pool and restake it in the Genesis Pools.
Our Genesis Pools will open to depositors on April 1. Genesis Pools include Hercules Core Pools and Partner LPs, including those using our Launchpad during the Blitz. Depositors in these pools earn rewards in the form of xMETIS, TORCH/xTORCH, and Partner incentives (depending on the pool). On top of that, depositors will also earn farming emissions of TORCH and xTORCH, emitted in an 20/80 ratio, respectively. (That is, for every 20 TORCH tokens emitted, 80 xTORCH tokens are emitted.) Partner pools may be further incentivized by the partners with their own tokens on the Genesis Pools.
These rewards will begin being allocated April 2 and claiming them will be available April 9 to July 29. Genesis Pools will close to deposits on April 7, so it’s best to get in there. Genesis Pools follow the Nitro Pools mechanic.
IMPORTANT: Genesis 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 Genesis Pool(s) position. Details will be available soon.
Withdrawal from the Genesis Pools prior to the end of the Genesis 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.
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.
TORCH Public Sale, TGE, and Farms
Hercules will cap this rush of activity with its own TORCH Public Sale, which will take place on our Launchpad on April 5. We will share more details about the Public Sale as we approach the event.
The TORCH TGE will occur and TORCH farms will open on the Hercules protocol on April 8. Farming emissions, given in xTORCH and TORCH, will start accruing to liquidity providers on April 9. TORCH and xTORCH here accrue in a 20/80 ratio, respectively. That is, for every 20 TORCH tokens accrued, 80 xTORCH tokens are accrued.
NitroDrop Campaign Ends
The Hercules NitroDrop Campaign ends on April 15. NitroDrop rewards can be claimed April 17 to May 16.
Wrap-Up
The Hercules launch will be an Epic worthy of the demigod himself. Protocols, users, new projects and the community will discover in Hercules a sophisticated and well-engineered liquidity infrastructure. The entire Hercules team is elated to bring Hercules into the modern age and we’re extremely grateful you’re here to begin this journey with us.
- The Hercules Team
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.
