Hermes Farms
Get a preview of the farming options available on The Hermes Protocol
Last updated
Get a preview of the farming options available on The Hermes Protocol
Last updated
Liquidity farming is a type of yield-generation strategy that rewards users who provide liquidity to a decentralized exchange. To enter into a yield farm, users must first create a liquidity position. Briefly, the user must supply equivalent values of two tokens to create a Liquidity Position, which is represented as a 'HERMES-LP' token and returned to the user's wallet.
At Hermes, 85% of swap fees are returned to LP providers. Earnings from swap fees are automatically compounded without user input, and are realized when one 'Breaks' their liquidity position back into the two underlying tokens.
Whenever you enter a liquidity position, you should be aware of Impermanent loss, which occurs when there is drastic divergence in token prices within the liquidity position. Impermanent loss is complex idea, but often the rewards from farming often still offset this effect. Additionally, liquidity positions with Stablecoins (1USDC, DAI) or highly correlated assets (hONE/WONE) can reduce this risk.
Decentralized exchanges thrive on liquidity and volume. To help encourage users to contribute to liquidity, DEX's offer additional rewards on top of swap fees. At Hermes, we have designed a Farming Emissions Schedule that is set to sustainably grow our liquidity over the next 2.5 years.
Typically, the tokens earned by Farming a liquidity position are hyper-inflationary and often serve no additional purposes. This is not the case with our token, HRMS, which has an established (and growing) list of utilities. Briefly, this includes earning a share of trading fee revenue, utilization as collateral in our upcoming lending/borrowing market, and earning partner reward tokens among other things. We will not target unsustainable yields that place undue sell pressure on our token.
To get started earning HRMS, a user must deposit their LP token into the corresponding 'Farm' on our website. After this, they can claim rewards, increase or decrease their position, and track their portfolio through our advanced Analytics dashboard.
Rewards from Hermes farms are FULLY UNLOCKED, allowing users to compound earnings, realizing true APY from their investments.
Hermes has spent a lot of time planning our launch farms. It is absolutely critical that there is cost-efficient routing between tokens in order to support a healthy DEX. In an unprecedented move, we are also sharing the exact emissions weighting for these farms to help our users plan out their migration and strategy for The Hermes Protocol.
In addition to them $HRMS will be established as the primary route for all of our DEX to provide higher volume to their LPs, which will translate into a higher APR for their liquidity providers.
IRIS/USDC
Native
4%
HRMS/WONE
L1/L2
30%
HRMS/AVAX
L1/L2
5%
HRMS/wMATIC
L1/L2
4%
HRMS/FTM
L1/L2
3%
HRMS/bscBNB
L1/L2
5%
HRMS/JEWEL
L1/L2
2%
HRMS/1ETH
Blue Chip
8%
HRMS/wBTC
Blue Chip
8%
wBTC/1ETH
Blue Chip
4%
1BTC/wBTC
Blue Chip
2%
1ETH/WONE
Blue Chip
4%
1USDC/WONE
Stable
9%
1USDC/HRMS
Stable
10%
1USDC/1DAI
Stable
2%
We have quite a few major partnerships coming, so these farms and their emissions weight are subject to change. Up to date information will always be found in our front end interface.
IRIS
0x85FD5f8dBD0c9Ef1806E6c7d4B787d438621C1dC
IRIS / USDC
0xf5437cAe56C472F79d0128985538618E6280bC63
HRMS / WONE
0x622BFb7FAa53C6b297880FD9bB9E4d2f687f7007
HRMS / USDC
0x8604197Eb7123888B551fE78A8828B895608D093
HRMS / FTM
0x4ef8b20E1b2c10a8E14A9212690d80A265f7011d
HRMS / JEWEL
0x0763b9252A5B97935215D35dabED90e259FbB7C2
HRMS / bscBNB
0xd992D2C1Adb49d3937449C20b71eDF08Ed1d4297
HRMS / AVAX
0xCF993d962ef8BC4502Cc43B673B068a2D68D0b9C
HRMS / 1ETH
0x62Cf83581493D0D0F3e9C38FfE10af0Aa516c163
HRMS / wBTC
0x532E0251B93EC7419cFa6FB1feeF99847A95958A
DAI / USDC
0x4c44E6DfeF85c2BaC0C9620f867b15E05eCe5383
WONE / USDC
0xf621Ec43aF11E62B6c10Ee9baE120595DBf31361
1BTC / wBTC
0x58F36aA9CdDC7e45C728851c883Fe9b326D09161
wBTC / 1ETH
0xA8755c1D21d25d738C3F94E482a0e51a3eE61550
WONE / 1ETH
0x0894060E6D1c3BCF260C28C41D463C99f3885bC5
HRMS / wMATIC
0x084752e67B6aeEfBd742f823B64Fdc717C9BD5A6
