Hercules and Cede Collab for Ultimate DeFi Experience
As DeFi gears up for yet another mind-blowing surge this bull cycle, streamlining its already complex barrier to entry for mass adoption remains one of the most challenging feats for the crypto space. With the narrative behind DeFi becoming evermore relevant, the goal to make it easily accessible remains crucial.
Today, we’re happy to announce that Hercules has taken its first pivotal step in making its DeFi experience more usable for the masses with our partnership with Cede.Store!
What is Cede.Store?
While crypto platforms generally fall into either centralized or decentralized categories, Cede.Store aims to bridge the gap between the two models. Put simply, Cede.Store is a non-custodial CEX onramp for DeFi users. This is done by granting users access to CeFi data and liquidity from any decentralized application in a non-custodial way, thus making the transfer of assets between CEX’s and DeFi applications seamless and simple!
How Does It Work?
Users can easily reap the benefits of Cede as it exists as a simple Chrome extension. Once downloaded, users need only to set up their “vault” which connects the CEX API keys of their choosing directly on their machine. Once this is complete, users can then transfer assets from their CEX accounts to their personal Web3 wallets with only a few clicks.
A quick explainer of the Cede.Store extension can be viewed here.
What is Hercules?
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:
- Unique AMM and concentrated liquidity implementation to support volatile & stable assets with fully customizable dynamic fees and maximizes efficient use of liquidity.
- 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 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.
- Dual Token Design for a sustainable protocol that enables real yield and incentivizes liquidity for users over the long term.
- xTORCH plugins are contracts that enable access to Dividend payouts, launchpad presales, and APR boosts for supercharged LP benefits.
- Multi-layer Reward Structures are baked into the protocol to keep LP engaged, multiplied, and locked in over the long term.
Through Hercules’ innovative liquidity structure, protocols across Metis will benefit from long-term deep liquidity that’s consistent and customizable to provide better trades, attractive yields, and greater market stability.
Hercules x Cede.Store — Simplifying the DeFi Experience
With this new Cede.Store integration, users will be able to seamlessly send their CEX-based assets to their Web3 wallets all within the Hercules platform. We believe our integration with Cede.Store is an integral step in making the pivot from CEX to DeFi extremely simple!
Conclusion
As the DeFi space begins to heat up for the next bull cycle, Hercules knows that to truly capitalize on the mass influx of users, it must construct inflow rails that serve everyday people. With our collaboration with Cede.Store, we believe we can make DeFi accessible to anyone and make Hercules the go-to protocol for all future DeFi users.
Stay tuned as Hercules continues to roll out new updates, partnerships, and integrations to deliver an unmatched DeFi experience!
*Event Announcement*
To celebrate our new integration with Cede.store, we’re launching our transfer and trade competition from July 15th — 21st!
How can you participate?
- Follow @cedelabs and @TheHerculesDEX
- Use the Cede.store widget on Hercules https://app.hercules.exchange/cex-on-ramp
3. Transfer $METIS from CEX to your Metis wallet
Stay tuned for the event’s official announcement for more info.
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.
