How To Use xTORCH Like a Hero (Pt.2): Launchpad
Within two months of launching, Hercules has quickly risen as both the top DEX and the biggest protocol on Metis in TVL. Since its initial development stages, the central focus behind Hercules has been to serve as the liquidity layer of the Metis ecosystem by integrating a specialized multi-yield model that produces deep on-chain liquidity. By virtue of being the main liquidity hub of Metis, Hercules has inadvertently also become the primary launchpad of the Metis ecosystem thanks to its launchpad plugin.
What is the Hercules Launchpad
Despite being most famous for its DEX and deep liquidity solution, many have yet to realize that Hercules has also risen as one of the only launchpad protocols on Metis. What makes Hercules an attractive launchpad partner is the fact that it can facilitate swaths of deep, sticky liquidity to new projects launching in the ecosystem. The Hercules liquidity powerhouse also ensures protocols receive long-term liquidity to support the long-term vision and growth of each project that launches.
So how do you get access to the Hercules launchpad and get access to the hottest presales on Metis? The answer is xTORCH.
Hercules’ xTORCH Token
For a quick refresher, xTORCH is the non-transferable, illiquid, escrowed version of the Hercules TORCH token. The value behind xTORCH is supported by an exceptionally robust tokenomic model that exposes users to many perks such as Metis presales via the Hercules launchpad. While xTORCH operates as the primary gateway to Hercules’ protocol rewards and yield, it can only be obtained by buying TORCH and converting it to xTORCH using the Hercules dashboard.
For an in-depth look at Hercules TORCH & xTORCH tokens, see here.
Why Allocate To The Hercules’ Launchpad Plugin?
Why allocate xTORCH to the launchpad plugin? The answer is simple!
In order to participate in the Hercules launchpad, you must allocate xTORCH to the launchpad plugin. Allocating xTORCH to the launchpad plugin grants you access to presales on the latest innovations and narratives happening on Metis! Through the launchpad, users benefit from additional opportunities by exposing them to a variety of different assets from projects launching or utilizing the Hercules launchpad. The benefits of the Launchpad plugin may include airdrops, whitelist spots, discounts, and other incentives. Specific details of each sale will be publicized and shared in advance via the Launchpad plugin app.
How to allocate xTORCH to the Launchpad and Dividends plugin
To allocate xTORCH to the Launchpad plugin, simply navigate to the dashboard drop-down tab at the top of the dApp web page, then select “Launchpad”. Once selected, you will be taken to the xTORCH launchpad allocation terminal where you can allocate your xTORCH.
Once your xTORCH has been allocated to the launchpad plugin, you will be first in line to get exclusive access to the most bullish presales on Metis!
Conclusion
As we lead at the forefront of innovation, Hercules will continue to shape the DeFi landscape of Metis by providing the best possible experience for newly launched projects, users, and the entire Metis L2 community as a whole.
As Hercules continues to shape the DeFi landscape of Metis, its commitment to delivering a one-of-a-kind experience for its ecosystem, partners, and users will continue to put it at the forefront of innovation.
Join us as we begin to ignite a new DeFi renaissance on Metis!
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.
