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Basics about the HERMES token.
The main purposes of the Hermes token is to incentivize liquidity providers on Hermes Protocol as well as getting as many users involved as possible in the governance of the protocol.
Liquidity providers on the Hermes platform receive HERMES for providing liquidity. This ensures the protocol continues offering low fees and extremely low slippage.
HERMES is a governance token with time-weighted voting and value accrual mechanisms.
One of the most important incentive to holding HERMES is the vote locking boost. Each liquidity provider can increase their daily HERMES rewards by vote locking HERMES. Additonally, Hermes stakers have their HERMES balance undilluted.