The Ways To Earn on Hercules
As you may have heard, the Hercules DEX has quickly risen to be the highest-performing DEX on Metis. With it taking the highest spot in volume, TVL, and transactions out of any native-Metis project, it is no wonder why some have regarded Hercules as the poster child for DeFi on Metis. While this sounds exciting, Hercules's rise to fame isn’t just fueled by the promise of its liquidity infrastructure or DEX, instead, we believe it’s how our protocol rewards the users who choose Hercules as their preferred DEX and DeFi platform!
To date, Hercules offers the most comprehensive reward structure in the Metis L2 ecosystem thanks to its multi-layer reward model. Through LPing alone, users can earn an APR with additional stacking mechanisms to boost yields on top of their existing LP incentives. Another exciting perk about Hercules is that it offers alternative reward structures outside of its LP incentives. Users can utilize Hercules’ specialty contracts called plugins to earn dividends and even participate in launchpad presales!
Below is a quick breakdown explaining all the ways to earn on Hercules. Enjoy!
Hercules Multi-Layer Reward Model: Farming
The first way users can earn on Hercules is by lending liquidity to the protocol to facilitate trades and liquidity on the DEX. What makes this an exciting option for earning yield is that there are plentiful triple-digit APR opportunities on a variety of different pairs within the protocol!
Hercules Multi-Layer Reward Model: spNFTs
spNFTs are an innovative mechanic offering users more options for their LP. With this feature, users can “wrap” their staked positions to mint themselves an spNFT reflecting their position. This spNFT receipt allows users to time-lock their positions to earn an even greater yield. spNFTs can also be used to enter a nitro pool for more incentives.
Hercules Multi-Layer Reward Model: Nitro Pools
Nitro Pools are special duration-fixed pools that first require a user’s spNFT to enter. These specialty pools are created by a protocol to offer yet another layer of yield in addition to users already accruing farming rewards.
Hercules Multi-Layer Reward Model: Yield Booster Plugin
The Yield Booster plugin is a specialty contract that users can utilize by allocating their xTORCH tokens to. When activated, users can receive up to an additional 100% APR on their farming reward emissions. This adds yet another layer of yield to the LP model.
Hercules Multi-Layer Reward Model: Dividends Plugin
The Dividends plugin is a specialty contract that users can utilize by allocating their xTORCH tokens to. When activated, users will receive weekly dividend payouts on a portion of the fees earned through the DEX. That means users will be earning a share of the fees from the largest DEX on Metis!
Hercules Multi-Layer Reward Model: Launchpad Plugin
The Launchpad plugin is a specialty contract that users can utilize by allocating their xTORCH tokens to. When activated, users can participate in presales launching on Metis via the Hercules platform! This perk is especially exciting when you realize that Hercules is currently the primary launchpad service of the Metis ecosystem!
Conclusion
Having the largest reward structure on Metis is one of the primary value drivers behind Hercules. With this model serving as a focal point of the protocol, we believe Hercules will continue to be one the largest growth narratives in the Metis L2 ecosystem!
While this recognition fuels our desire to aim even further, topping TVL charts isn’t what gives us unwavering confidence, it’s how we value and reward the users who choose Hercules as their preferred DeFi platform!
