Hermes Protocol HERMES Live Price Today

What is the project about? Hermes DEX main goal is to let users and other decentralized protocols exchange both volatile assets (DAI to WETH for example) and stablecoins (DAI to USDC for example) through it with low fees and low slippage. Unlike exchanges out there that match a buyer and a seller, the behavior of Hermes is different, it uses liquidity pools like Uniswap. To achieve this, Hermes needs liquidity (tokens) which is rewarded by those who provide it. Hermes is non-custodial meaning the Hermes developers do not have access to your tokens. What makes your project unique? Stable coins have become an inherent part of cryptocurrency for a long time but they now come in many different flavors (DAI, TUSD, MIM, BUSD, USDC and so on) which means there is a much bigger need for crypto users to move from a stable coin to another. Centralized exchanges tend to have high fees which are problematic for those trying to move from a stable coin to another. As a result, Hermes Protocol has become the best place to exchange stable coins because of its low fees and low slippage. And Hermes also allows swaps with volatile assets. History of your project. Hermes Protocol officially launched in February 2022 and started emissions in March 2022. What’s next for your project? Introducing Yield and Concentrated Unified Liquidity Omnichain Marketplaces. Hermes V2 will offer multiple defi services compared to V1, while improving capital efficiency and user experience: - Bridge-less omnichain environment, powered with concentrated (Uni V3) and unified liquidity. - Decentralized Uniswap V3 Liquidity Management. - Uniswap V3 Liquidity Incentives. - Refined ve(3,3), becoming a fungible ERC-4626 - Improved UX and UI - Omnichain Yield marketplace What can your token be used for? Hermes token when staked for veHermes allows liquidity providers to take decisions on adding new gauges, boosting gauge yields, voting on token emission, and receive bribes.

Hermes Protocol is ranked #6738 by market capitalization. Currently the HERMES market cap exceeds 51,7K+ Swiss Franc. By market capitalization it is ranked #6738. Daily trade volume is 68.37 CHF.

The Hermes Protocol price today in CHF is 0.00031621. Through the Hermes Protocol price history, the price ranges from 0.240346 CHF (all time high) to 0.00004615 CHF (all time low). Hermes Protocol price last 24 hours fluctuated from 0 CHF (24h high) to 0 CHF (24h low).

Check the Hermes Protocol value today and exchange rates with more than 15 cryptocurrencies and fiat currencies including USD EUR GBP CNY JPY BRL RUB UAH INR CZK VND TRY CHF SEK BTC ETH BNB

Homepage: https://hermes.maiadao.io

Block explorers: https://arbiscan.io/token/0x45940000009600102A1c002F0097C4A500fa00AB https://intel.arkm.com/explorer/token/hermes-protocol

Twitter: https://twitter.com/HermesOmnichain/