Hercules: The Genesis Pools
After months of intense development, scouting world-class partners, team buildout, and a few barrels of ambrosia we are excited to announce that the Age of Hercules is about to begin!
The highly anticipated Genesis Pools are preparing for launch! These pools will offer incredible farming opportunities to our earliest users while bootstrapping initial, sticky liquidity for core assets and partner pools.
Our current roadmap is given below.
Now, let’s take a closer look at the Genesis Pools 👇
Genesis Pools Liquidity Mining
Hercules is designed to provide customizable rewards. At the simplest level, Farming incentives are granted to liquidity providers after liquidity is provided through our yield-bearing receipt token, spNFT, which will automatically farm METIS and TORCH.
The Genesis Pools will give extra rewards on top of the farming incentives for early adopters and will be based on the Nitro Pool reward structure. This will offer the community a head-start to accumulate xTORCH along with xMETIS (both xTORCH and xMETIS require vesting, varying from 15 days up to 6 months) at very attractive rates, thus bootstrapping initial liquidity before Hercules’ core native token, TORCH, goes live.
The Genesis Pools will go live on [REDACTED]. Rewards on these pools will start to accrue 24 hours after the public sale concludes and will be linearly distributed over a four-month period. Users can withdraw their deposits anytime, but their remaining share of the emissions will be redirected to the remaining participants.
Once standard liquidity mining emissions go live after the public sale, Genesis Pool liquidity providers will earn both Farming Incentives (TORCH/METIS) plus Genesis Rewards (xTORCH & xMETIS), along with any extra Rewards from locking their liquidity.
As per the tokenomic structure, Hercules has allocated 3.5% of the total TORCH supply for distribution to Genesis Pool liquidity providers. Once the Genesis Pools are live, users will be able to estimate their returns using the built-in APY calculator in the dApp.
Hercules’ pool launch is designed to avoid the frequent DEX problem where token emissions are too high at the early stage to bootstrap liquidity, which gives the illusion of growth. Instead, we will start low and gradually increase the rewards as the project matures to attract the right TVL at the right cost.
What’s Next?
A breakdown of the Hercules launch sequence is given below.
Oct 30: NitroDrop Campaign Started
Next: Genesis Pools open to deposits
Next: Genesis Pools rewards allocated to depositors
Next: Public Sale fair launch begins
Next: Genesis Pools close to deposits
Next: Public Sale concludes
Next: Token launch/farm rewards start; Genesis Pool rewards can be withdrawn
Next: NitroDrop Campaign ends; participants can start claiming xTORCH
We will share more details about the public sale soon. Quite soon. 👀
