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Hermes Protocol is a yield marketplace and (Concentrated + Unified) liquidity venue built on the Metis chain. Hermes Protocol officially began in February 2022 and started emissions in March 2022. Through Hermes, liquidity providers can help decide on introducing new gauges, enhance gauge yields, vote on token emissions, and also receive bribes. The protocol is designed for low-cost, near 0 slippage trades between uncorrelated or tightly correlated assets. Rather than incentivizing pure liquidity, it rewards via fees. Liquidity providers (LPs) earn incentives paid out in HERMES.
HERMES is the governance and utility token of Hermes, which has recently been released. Participants in the Hermes pools will receive HERMES tokens retroactively.
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