Cryptocurrency Hermes Protocol (HERMES)
The price for Hermes Protocol (HERMES) cryptocurrency is currently 0.10 $ (15 min delay),
daily range of currency change is 0.092 - 0.13 .
Last 24 hours news: trading volume -
395.73K $, price variance
-5.04%
.
The highest trading volume belongs to the pair 0X45940000009600102A1C002F0097C4A500FA00AB/0X82AF49447D8A07E3BD95BD0D56F35241523FBAB1 at the Uniswap V3 (Arbitrum One) exchange
Project Website - https://hermes.maiadao.io
Explorer of transactions - https://arbiscan.io/token/0x45940000009600102A1c002F0097C4A500fa00AB
Twitter Account - https://twitter.com/HermesOmnichain
Chart Hermes Protocol (HERMES)
Current price Hermes Protocol (hermes) | 0.10 $ |
Market Capitalization | 2.26M $ |
Trading Volume last 24h | 9.08K $ |
Minimum exchange rate (24h) | 0.0092 $ |
Maximum exchange rate (24h) | 0.011 $ |
Market cap rank | № 3088 |
Absolute maximum | 0.24 $ |
Absolute minimum | 0.000054 $ |
Hermes Protocol Quotes
#
|
Exchange
|
Pair
|
Price
|
Spread
|
Volume
|
Last traded
|
---|---|---|---|---|---|---|
1 | 0X45940000009600102A1C002F0097C4A500FA00AB/0X82AF49447D8A07E3BD95BD0D56F35241523FBAB1 |
0.013 $
0.01253819$
|
0.6% | 13.25K $ | 2024-12-14 10:04:58 |
What is Hermes Protocol (HERMES)
Hermes Protocol V1 officially launched in February 2022 and started emissions in March 2022. Hermes allows liquidity providers to take decisions on adding new gauges, boosting gauge yields, voting on token emission, and receive bribes.
Hermes Protocol allows low cost, near 0 slippage trades on uncorrelated or tightly correlated assets. The protocol incentivizes fees instead of liquidity. Liquidity providers (LPs) are given incentives in the form of HERMES, the amount received is calculated as follows:
- 100% of weekly distribution weighted on votes from veHERMES holders
The above is distributed to gauges, however LPs will earn between 40% and 100% based on their own veHERMES balance.
LPs with 0 veHERMES balance, will earn a maximum of 40%.
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