Hercules August in Review
As August begins to wind down, so does much of its initial days of market shock and uncertainty. Despite the market conditions that were present this month, Hercules has remained steadfast in maintaining its position as Metis’ flagship decentralized exchange. Like all the months prior, August has been jam-packed with bullish news from Hercules!
Here’s a recap of some of our favorite accomplishments this month:
- Leading DEX TVL: Hercules continues to be the top DEX on Metis in both volume, liquidity, and overall TVL.
- New Utilities?: Hercules publishes a mysterious message about possible new developments. Is this signaling a big transformation on the platform?
- Metis Champs: Hercules wraps up the Metis Champs Olympic event.
- GM² Social Partnership: GM² integrates Hercules as the main Metis DEX to facilitate trades and LP opportunities for GM² users.
- Hercules Wins Metis Grant: Hercules utilizes its Metis grant by adding an extra 3,000 Metis ($90,000) in incentives for select pools.
- Research & Development: Hercules holds R&D sessions to execute groundbreaking new features for the protocol.
- First to market Limit Orders: Hercules becomes the first project in Metis history to launch limit orders on a DEX.
- Fees Generated: Hercules garnered $188,000 in fees and earned $30,400 in revenue in August. These figures far outpace other DEX options available on Metis.
Conclusion
As the premier DEX and liquidity layer on Metis, Hercules is dedicated to driving DeFi innovation and fostering a healthy market environment for the entire Metis ecosystem. Our goal is to create a seamless and exceptional user experience that’s unmatched by constantly challenging the possibilities.
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.
