Hummus Joins Hercules Genesis Pool Launch
While the market downturn in 2022 has caused many projects to falter, legitimate projects looking to transform the space know that focusing on development is key to survival and longevity, even during the worst market conditions.
Infrastructure projects like Hercules understand this principle well and have made it their mission to not only prioritize the development of its protocol but prioritize the development of its circle as a whole. This is precisely why Hercules is proud to welcome Hummus Exchange to the prestigious Olympic Circle and as an ecosystem launch partner!
What is the Hummus Exchange?
Hummus Exchange is Metis’ go-to platform for stable swaps due to extremely low slippage and fees. They have implemented various architectures that allow for increased capital efficiency, low slippage rates, zero impermanent losses, and one-sided liquidity provisions for seamless flexibility and ease of use. With numerous features all built with the user in mind, the Hummus platform prides itself on delivering an enjoyable DeFi experience for both traders and liquidity providers!
The Hummus Exchange team has combined its proven ultra-low-slippage stablepools with Balancer’s variable pools into one AMM which provides liquidity into weighted, capital efficient variable pools for Metis users.
The Custom-Built Liquidity Infrastructure of Metis
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 customized to meet the unique needs of Metis builders while offering real yield opportunities to the community. Some of the special features used to help boost projects on the Hercules platform are:
- Unique AMM and concentrated liquidity implementation 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 even 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.
- Escrowed Tokenomics for a sustainable long-term protocol that enables real yield for holders.
- xTORCH plugins are contracts that enable access to Dividends for real yield, Yield Boosters to increase APR, Launchpad, Gauge, and more.
With this advanced liquidity infrastructure, protocols like Hummus can enjoy deep and adaptable liquidity that’s fully customizable to ensure long-term stability for the project, better trades, and attractive yield rewards for users!
How Does the Genesis Pool Benefits Hummus?
The genesis pool is a temporary nitro pool that helps bootstrap early liquidity at launch in order to scaffold deep liquidity for the longevity of the project and ecosystem. Genesis pools exist for a limited time only and offer boosted yields to early liquidity providers who stake their spNFTs on the Hummus dedicated pool.
As a launch partner leveraging Hercules’ advanced liquidity infrastructure, we are proud to have Hummus joining the Olympic Circle. With their Protocol Owned-Liquidity (POL) on our platform, Hummus will also secure an ownership stake in the protocol in the form of Hercules’ xTORCH, which can benefit the Hummus community in the following ways:
- Access to Real Yield from the Dividend plugin in the form of m.USDC & wETH.
- Increase their POL APR by allocating xTORCH to the Yieldbooster plugin.
- Incentivise a custom Nitro Pool.
- Build a new flywheel.
As Hercules begins rolling out its advanced liquidity infrastructure, it will continue to release its string of new and exciting partnerships in and outside the Metis ecosystem, stay tuned!!
About Hummus Exchange
Hummus is a single-side Automated Market Maker designed for exchanging stable cryptocurrencies and also a variable weighted AMM. Users can stake stablecoins to generate yield, and stake HUM tokens alongside to boost that yield.
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About Hercules
Hercules is a community-first, capital efficient and flexible DEX developed with multiple tools to support the next generation of builders who look for sustainable liquidity in the Metis network.
