About the coin

Hermes Protocol is a decentralized exchange (DEX) designed to facilitate the exchange of both volatile assets and stablecoins with low fees and minimal slippage. Unlike traditional exchanges that match buyers and sellers, Hermes utilizes liquidity pools similar to Uniswap. This non-custodial platform ensures that developers do not have access to users' tokens, providing a secure trading environment.

Main features

Hermes Protocol stands out due to its focus on stablecoin exchanges, addressing the growing need for seamless transitions between different stablecoins like DAI, USDC, and others. Centralized exchanges often impose high fees, making Hermes an attractive alternative with its low fees and slippage. Additionally, Hermes supports swaps involving volatile assets, broadening its utility.

How it works

Launched in February 2022, Hermes Protocol began emissions in March 2022. The platform is evolving with plans to introduce Yield and Concentrated Unified Liquidity Omnichain Marketplaces. Hermes V2 aims to enhance capital efficiency and user experience by offering a bridge-less omnichain environment, decentralized Uniswap V3 liquidity management, and liquidity incentives. The Hermes token, when staked for veHermes, empowers liquidity providers to influence platform decisions, such as adding new gauges and voting on token emissions.