🪙HERMES Token

Basics about the HERMES token.

What is the purpose of HERMES?

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.

How to get HERMES?

Liquidity providers on the Hermes platform receive HERMES for providing liquidity. This ensures the protocol continues offering low fees and extremely low slippage.

y is HERMES utility?

HERMES is a governance token with time-weighted voting and value accrual mechanisms.

You can find out what to do with HERMES here.

What is the current circulating supply?

The current circulating supply can be found here: https://hermes.maiadao.io/#/dashboard

What is HERMES vote locking?

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.

You can vote lock your HERMES at this address: ​https://hermes.maiadao.io/#/locker