Tethys Joins Hercules Genesis Pool Launch
Since the market downturn in 2022, projects have been forced to reevaluate their business models and pivot to a more proactive and efficient approach compared to the more superficial “hype-based” style that’s common during bull markets. During bearish market periods, development on all fronts is crucial for surviving the morbid crypto winters. One way projects can boost development during these trying times is through partnerships.
Through partnerships, projects can share valuable resources, knowledge, and goals and help promote innovation. This idea is particularly true in the DeFi space, which is precisely why Hercules proudly welcomes Tethys Finance as the first hero to join the prestigious Olympic Circle and one of the first projects to become an ecosystem launch partner!
What is Tethys Finance?
Tethys Finance is a next-generation perpetual decentralized exchange (Perp DEX) and yield leverage protocol built on the Metis network. The team has made significant efforts to bring the perp dex to Metis offering leverage trade on BTC, ETH, METIS & AAVE up to 50x. Liquidity providers can mint TLP (an index of assets) to profit from leverage traders loss, which at the moment is yielding 56.74% APR.
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 Tethys can enjoy deep and adaptable liquidity that’s fully customizable to ensure long-term stability for the project and better trades, and attractive yield rewards for users!
How Does the Genesis Pool Benefits Tethys?
The genesis pool is a nitro pool that exists for a limited time only and offers a high yield to early liquidity providers and bootstraps early liquidity for the project. The increased yield is guaranteed after the user stakes their spNFT in the Tethys dedicated pool.
As a launch partner leveraging Hercules’ liquidity infrastructure, we are proud to have Tethys as a member of the Olympic Circle. Through their Protocol Owned-Liquidity on our platform, Tethys will also secure an ownership stake in the protocol in the form of Hercules’ xTORCH, which they can leverage to:
- 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.
With the ever-growing desire to help expand DeFi past its horizons, Hercules is committed to bringing innovative solutions to achieve long-term growth and using its unique liquidity infrastructure to support all projects across the Metis ecosystem.
About Tethys
Tethys is a next-gen perpetual decentralized exchange and yield leverage protocol powered by METIS Andromeda.
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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.
