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HSHAREs help reflect the value of the HERMES Protocol. Through a dynamic control system, the protocol changes its HERMES supply to move HERMES price up or down in relation to AVAX. Taking inspiration from Tomb Finance, HERMES Finance is a multi-token protocol built from these three tokens:
HERMES (HERMES).HERMES Shares (HSHARE)HERMES Bonds (HBOND).HSHAREs act as a gauge for both the HERMES Protocol’s value and the confidence of participants in keeping HERMES near its peg. When epoch expansions occur, the protocol creates new HERMES and sends it proportionally to all HSHARE holders who have staked their tokens in the OLYMPUS.
HSHARE features a maximum total supply of 70000 tokens, allocated like this:
Community Allocation: 5500 HSHARE vested linearly for 12 monthsTeam & Dev Allocation: 5000 HSHARE vested linearly over 12 monthsRewards: 59500 HSHARE set aside to reward Liquidity Providers across two shares pools for 12 monthsInitial mint: 1 HSHARE minted upon contract creation for the initial pool.| Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
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