Introduction To The Hercules Plugins
Exploring the Launchpad, Dividends, and Yield Booster Plugins
With multiple DEXes live on Metis, one might wonder how Hercules has been able to climb the ranks as Metis’ top-performing DEX and liquidity layer within a short period of time. While there are many reasons for this, one of the secret sauces of the Hercules protocol is its plugins!
Today, we’ll be giving you a crash course on the different plugin options Hercules has to offer!
What are Plugins And How To Utilize Them?
Unlike most DEXes, Hercules Plugins exist as an exclusive set of modules that offer users multiple different forms of yield. Users can choose from either the launchpad, dividend, or yield booster plugins to earn extra incentives aside from their LP rewards.
To utilize these plugins, one must obtain the Hercules xTORCH token. This can be done by buying TORCH and converting it to xTORCH via the Hercules dashboard.
Once xTORCH has been obtained, users can mouse over to the “dashboard” tab on the Hercules app and choose the plugin they wish to allocate to. Once allocated, users will begin reaping the benefits of each plugin! See here for more info!
The Launchpad Plugin
Although Hercules is best known for its DEX and deep liquidity solutions, many may be surprised that it has also emerged as Metis’ primary launchpad platform. What makes Hercules an appealing launchpad partner is its ability to provide significant, persistent liquidity for new projects in the ecosystem. The Hercules liquidity powerhouse also ensures that protocols receive long-term liquidity, supporting the enduring vision and growth of each project launched.
Want to get in early on the most bullish projects? Allocating xTORCH to the launchpad plugin grants you access to presales on the latest projects and narratives on Metis! Through the launchpad, users benefit from being among the very first to hop on the latest protocols launching on the ecosystem. Additional 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.
Dividends Plugin
Users who choose to allocate xTORCH to the Hercules dividends plugin are entitled to a share of the protocol’s earnings. The more volume equates to more fees which equals increased dividends for users.
By being the top DEX with the highest TVL and trade volume on Metis, many see the dividends plugin as a treasure trove for some serious yield. Whether there are bullish or bearish surges in the market, Hercules can earn fees through the volatile trades taking place in either market condition. This means users can expect regular payouts when allocated to the dividends plugin regardless of the market sentiment!
Yield Booster Plugin
Liquidity mining has long been a staple in the DeFi space. Through liquidity mining, users can leverage their assets to earn a yield rather than having them sit idle. By offering their liquidity, users are also helping to prop up decentralized exchanges so that they can continue facilitating trades between users. While this mechanic is also one of the central forces utilized by the Hercules protocol, we take it to another level with the yield booster plugin.
Through the yield booster plugin, users can supercharge their APRs on their already existing positions by up to 100%. This can be a highly effective way to maximize yields.
Conclusion
Whether you’re looking for presale allocations for the hottest new projects, dividends from the top-performing DEX on-chain, or boosted yields on some of the biggest APRs available, the DeFi possibilities on Metis are limitless through the Hercules platform. Stay tuned as Hercules regularly releases new features and innovative tools to make you a Metis DeFi champion!
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.
