Hermes Protocol hermes
-10.20 % $ 0.095018
$0.092369 24H Range $0.126523
Market Data
Price $ 0.095018
Volume $ 375,691.00
Volume / Market Cap 0.1338
Circulating Supply 29,554,920.34
Total Supply 118,977,103.21
Market Cap $ 2,808,726.00
Fully diluted market cap $ 11,306,886.00
Hermes Protocol (hermes) Price Chart
Hermes Protocol (hermes) Price Info
Timeframe Price Change(%)
1h -1.83%
24h -10.20%
7d 89.73%
14d 87.41%
30d 134.14%
1y 0.00%
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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