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hermes Hermes Protocol #1621
0.06 USD -1.82% 0.00
0.05 0.06
Circulating supply 27.1M
Total supply 119M
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hermes Price

Current Price 0.06 USD
Price Change 24H 0.00 USD
Price Change 24H -1.82%
Price Change 7D 8.54%
Price Change 14D -3.81%
Price Change 30D -44.03%
Price Change 60D -35.46%
Price Change 1Y 0.00%
Market Cap Change 24H -26,085.8
Market Cap Change 24H -1.72%
All time high (ATH) 0.24 USD
ATH Change -77.21%
ATH Date 2022, Oct 18

hermes Markets

Hermes Protocol
Last price: 0.06 USD
Spread: 0.60%
24H Volume:
36.5K USD
Hermes Protocol
Last price: 0.06 USD
Last price: 0.05 0XEA32A96608495E54156AE48931A7C20F0DCC1A21
Spread: 0.63%
24H Volume:
753.6 USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

Hermes Protocol

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%.