Partnership: Hercules and GM² Social Join Forces
As crypto gears up for yet another exciting bull market, innovation in 2024 has proven to be the ultimate primer for one of the biggest cycles in years. Within this year alone, we’ve seen new breakthroughs in the world of DeFi and overall blockchain utility and capabilities. One narrative in particular that has taken the space by storm is SocialFi (SocialFinance). SocialFi is a groundbreaking take on social media that aims to empower users through blockchain technology and decentralization.
As this new sector in crypto begins to take shape, we are proud to be at the forefront by announcing our partnership with Metis’ newest SocialFi app, GM² Social!
What is GM² Social?
GM² Social is a Web3 SocialFi wallet app designed to revolutionize the way users interact with DeFi and social networking. The protocol offers a beginner-friendly platform that simplifies the Web3 ecosystem by allowing users to effortlessly manage their digital assets, gain valuable insights from industry figures, and make informed investment decisions through shared ideas and education.
Through the GM² Social wallet app, users will be able to streamline their entire crypto experience by having the ability to track their portfolio across nearly all protocols and wallets, connect with Web3 enthusiasts, and access valuable on-chain insights. Additionally, users will also be able to earn Loyalty Points through the platform, enabling them to earn future token rewards and exclusive perks!
The actual adoption of SocialFi apps isn’t just theoretical, the revolution is happening now! At the time of writing, GM² Social has already reached 20,000+ active wallets!
What is Hercules?
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 custom-tailored to meet the unique specialized liquidity requirements of Metis builders while offering real yield opportunities for users.
Many of the innovative features used to help boost projects on the Hercules platform include:
- Unique AMM and concentrated liquidity implementation to 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 target specific users/LPs they want to reward to boost liquidity and user participation further.
- spNFTs allow LP rewards to be reused for additional user/liquidity participation for increased yields.
- Dual Token Design for a sustainable protocol that enables real yield and incentivizes liquidity for users over the long term.
- xTORCH plugins are contracts that enable access to Dividend payouts, launchpad presales, and APR boosts for supercharged LP benefits.
- Multi-layer Reward Structures are baked into the protocol to keep LP engaged, multiplied, and locked in over the long term.
Through Hercules’ innovative liquidity infrastructure, protocols across Metis benefit from long-term deep liquidity that’s consistent and customizable to provide better trades for users, attractive yields, and greater market optimization.
Hercules x GM² Social — The Powers of DeFi and SocialFi Unite
With this new partnership, GM² Social and Hercules will mutually benefit by introducing each platform’s respective communities to each other. As the primary DEX and liquidity infrastructure of Metis, Hercules will be able to facilitate trades and LP opportunities to GM² Social users through the integration of Hercules into their platform. Activity on Hercules via GM² Social will reward users with Loyalty Points on the GM² Social platform, enabling them to earn any future token rewards and perks on the platform!
Overall, we believe These efforts will expose both GM² Social and Hercules to a plethora of new users all while leading the DeFi and SocialFi revolution!
Earn Loyalty Points With Hercules
Eager to get an early start on earning GM² Social Loyalty Points through Hercules? Starting your Hercules journey on GM² Social is easy! Simply visit the GM² Social Points website and connect your wallet. From there you can start trading approved pairs on Hercules to start earning points!
See the official Gitbook documentation for more information!
Conclusion
By utilizing our position as Metis champion DEX and liquidity layer, Hercules remains committed to fostering an environment of DeFi innovation and symbiosis between projects to achieve an unmatched user experience on the Metis platform.
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.
