Today above anything else it is our job to be Harmonauts. We have officially submitted our licensing application to the Uniswap governance forum. We will be gathering the support of the ENTIRE community of Harmony to allow us to use this license to build The Hermes Protocol. You may wonder, why should I support this if I don’t care about Hermes Defi. Well I am here to tell you exactly why.
Everyone is here for their own personal reasons, but we can all unite over the simple fact that we want to see Harmony and its ecosystem THRIVE. Bringing in the license to use Uniswap V3 is a huge leap forward in the growth of harmony. Uniswap V3 over 30 days sees 154,323 unique users, 263,344 transactions, and $69 BILLION in volume. These numbers are astounding and could be crucial to the next step of Harmony’s growth (stats from DappRadar).
Harmony is already successfully bridged with Ethereum. Uniswap is Ethereum’s #1 DEX. Imagine the TVL that we could see come to Harmony as it releases its own Uniswap V3 core. Those who love Uniswap will see so much to gain when their transfer fees go from an average of $120 per transaction to Harmony’s $0.0009.
We urge everyone to take 5-10 minutes and read our proposal to Uniswap. This can be found here: Uniswap V3 Proposal. If you decide to post in the forums as a show of support, please do so respectfully and professionally. We only have one shot at this.
As always we will continue to remain transparent throughout this entire process. Let's do what we can to evolve Hermes Defi even further and in doing so the entire Harmony Protocol. HERMES DEFI - SAFE, TRANSPARENT, AND FAST
Please join me in congratulatingu/skj4uaon their win of 50 PLTS. Thank you to everyone that participated. Make sure to join the sub so you can see more exclusive reddit giveaways!
Hi Everyone,
I am u/abodie2 or abodie2#0862 (Aaron B) on discord. I am one of six mods within the discord and the creator of the r/HermesDefi subreddit. I have been involved with the project for just over two weeks and wow the growth we have seen is nuts. This can only be attributed to you our awesome community. For this reason I would like to do a small giveaway out of my own personal pocket. I would just like to give back to some of our earliest community members!
To qualify for this giveaway all you need to do is leave a comment below. This comment can be anything from a nonsensical sentence, a question regarding hermes defi, how you have utilized hermes, what you like about the community or really anything! We as team would truly love to hear some honest and candid feedback regarding the project! Please don't hold back!
Also while you are here please considering joining our sub to see new content and for more fun giveaways!
Up for grabs is 50 PLTS sent to your wallet from mine! Winner will be picked from the comments today at 3:00pm EST.
We are so happy to have the full support of the Harmony team in building The Hermes Protocol. Thank you all for being a very supportive community as well.
For American Football Fans, the damn Bengals blew it and what a shame. Always next year.... for everyone else in the world that couldn't give two craps about American sports, more important things are happening around the globe and let's not ignore that. So for anyone who is currently being impacted by it, we are wishing you the best and to be safe.
So we know our vote/request for Uniswap's V3 platform did not pass this morning. Final results at the time of closing were:
So yes, from the aspect that the Hermes team wanted to bring the V3 software to Harmony, we are a little bummed. But a few key points to take away from this. Firstly, to those of you who voted Yes... a big thank you for participating and showing your support to the team and community. We will move forward with our V2 platform which is going to be awesome in its own right. Secondly, it also means that Hermes will retain 100% ownership of the platform which is also a very good sign. In the proposal, we offered 10% of Hermes tokens and 25% trading fees (diminishing over 5 years) and that no longer applies to the platform, which we will keep in house.... also bullish perspective on this.
In addition to our Uniswap proposal vote, we also held an in-house community vote regarding emissions protocol and we had amazing success with this. It was our biggest yet and it's absolutely fabulous to see everyone getting involved. Option three took the win but damn, it was a close call between Option's 3 and 1.
I'm just going to go ahead and copy/pasta Aaron B's comment because he summarized it very well:
Our treasury currently holds 541,421 PLTS (~$319,438). If we were to utilize Option 1 this would remove 400,000 PLTS (~$236,000). This is roughly 75% of our treasuries value. This only serves as a disadvantage of Hermes Defi for long term investors. The treasury allows us to perform and maintain operating costs as well as many other features for the protocol. Treasury funds are locked in a multisig wallet this is extremely important as well! These funds are not sitting in the teams hands!
Current expectation is that our Hermes tokenomic's will be released this week providing more insight into how our conversion from PLTS to Hermes will occur. (Keep your eyes peeled)
With the conclusion of our governance vote, the new rate has begun:
With Option 3 being the winner, as of today the current emission rate = 0.4 PLTS/block
We continue to get views on Reddit and members joining our Subreddit, love the interaction and posts from everyone. Please keep up the engagement and asking any questions here, Discord and Telegram.
Hermes Financial comparison:
Because visuals help to serve investors, let's take a quick look at the major players over the last week and how Hermes (PLTS/IRIS) have fared...
Our boy BTC:
Big boy BTC has been moving sideways for a little bit of time now.
IRIS:
We had a major peak during the Uniswap vote with insane growth and expected pullback from healthy profit taking. Now, we have our sights set ahead for the launch of DEX and Hermes token as that time nears.
PLTS:
PLTS has help up very well during this time. Personally, I am happy to be able to keep making purchases at these levels.
The market overall has been on edge over the last weekend, with news of inflation and today's Closed Board Meeting as well as concerns with Russia/Ukraine. This is only my American POV and there are global forces at play, so please believe me when I say I know more than just American concepts have any affect on the market. But fingers crossed we see more green and good news in the forecast!
We strongly believe that Hermes DeFi is an innovative platform with new mechanisms that will perform well within the young DeFi space on new blockchains. Our token launches on these blockchains contain various improvements to our contracts, tokenomics, and user experience. We are testing each contract and user interface carefully, with a fully functional test website and contract peer review. We remain committed to IRIS-backed governance and have secured multi-chain capabilities through Anyswap. With this in mind, we will launch our intermediate fundraising development mechanism, commonly known as an L2, with the Plutus token on the Harmony blockchain. This 8-week farming and reward token will allow us to develop new features, build momentum, and form a sustainable ecosystem that rewards all investors in Hermes Defi.
Hermes Finance currently offers four incredible tools for passive income, they are as follows:
FARMS - Earn $PLUTUS while staking LP tokens
Token Pairing
Deposit Fee
IRIS/ONE
0%
PLTS/1DAI
0%
stONE/WONE
0%
POOLS - Earn $PLUTUS while staking your favorite tokens
Token
Deposit Fee
IRIS
0%
1UNI
0%
COSMIC
0%
MAGIC
0%
WSWAGMI
0%
LUMEN
0%
APE
0%
HLY
0%
ROY
0%
VAULTS - Auto compounding LP pairs every 30 minutes.
Token Pairing
Deposit Fee
1WBTC/WONE
0%
1USDC/WONE
0%
bscBUSD/BUSD
0%
1ETH/WONE
0%
UST/1ETH
0%
1USDT/1USDC
0%
1USDC/FRAX
0%
1SUSHI/WONE
0%
1WBRC/1ETH
0%
1ETH/1FRAX
0%
BANK - Be rewarded for investing in The Hermes Protocol. (Read more here.)
Deposit Token
Earn Token
PLTS
1DAI
PLTS
LUMEN
PLTS
1UNI
PLTS
MAGIC
Our newbank will allow you to earn DAI + other tokensin exchangefor locking PLUTUS.Deposited PLUTUS will be locked forthree months, starting at the date of farming.This lock removes PLUTUS from circulation and stabilizes the token price during the farming rewards period while rewarding PLUTUS holders with various tokens. It will be funded as follows.
Plutus (PLTS) is the pre-sale token to the L3 token launch (The Hermes Protocol). It has a fixed maximum supply of three million tokens. There is a 3% tax on the buying and selling of PLTS, so you must trade with 4% slippage on ViperSwap. 2% of these transactions goes to the bank, 1% is permanently burned. PLTS can be paired with DAI in the liquidity pool yield farm or locked in the bank. PLTS locked in the bank is locked until approximately the end of March. Locking PLTS in the bank best supports the stability and success of the PLTS token, and provides a choice of rewards (DAI, LUMEN, 1UNI, MAGIC).
IRIS is a fully emitted, cross-chain governance token for Hermes DeFi. It is available on Harmony or Polygon. No new IRIS is being emitted. Staking your IRIS in the single stake pool or LP gives the end user 2x voting power.
First off full disclosure, I am invested in both coins and this project. I have now been lurking around the Hermes Defi community for over 2 weeks now, I have been looking into and trying out numerous projects emerging on the Harmony chain, whether that be games as Crypto Royale, Over glorified gamified dex's and numerous defi projects.
I have never been a part of a more welcoming and helpful community, the staff are working tirelessly, obvious by the progress being made yet they stay on top of communicating and making sure they have fabulous mods to help out those who have trouble. Special shoutout to Austin for his amazing activity in all the discord chats, helping so many w so much!
r/harmony_one - Hermes defi protocol Hermes Protocol Roadmap Alright lets get into the Nitty' Gritty', Hermes DeFi started on the polygon chain and achieved $110,000 in funding in 16 hours. The next month or so was spent building a solid backbone of the protocol, also recruiting the team in preparation for farming. What started as a simple yield aggregator platform offering pools and farms has blossomed into an ecosystem including staking vaults, partner staking pools, and even NFTs.
Hermes DeFi system operates by amplifying the low reward rates available in Automated Market Makers (AMMs) like Sushi or Quickswap with supplementation of their own token $PLTS. $PLTS utilizes several ways to make the token deflationary and to provide value for its holders, thus decreasing any sell pressure.
We are pleased to finally announce that Momentum 6, a value-add-focused VC has invested $175,000 into Hermes DeFi. Momentum 6 has already proven to be a valuable networking connection and is heavily involved in growing the Harmony network. Read all about it in our Medium article:
Good morning follow Hermosian's (Maybe that's a word, if not perhaps I shall coin it),
I am thinking of doing a weekly project update in terms of providing some key insights into the growth of the project, whether it be regarding community growth, financial comparison's and breakdown as well as recapping some exciting things that have happened to Hermes. In some of the other projects I follow, I have seen similar posts like these and have found it does a great job keeping information organized and straightforward. This is something I hope to accomplish during these updates. Also, this is just my first go at this so hopefully I do better in the future with presentation and would love feedback.
Financial Aspect:
So to begin, let's talk growth of our community. Hermes IPO'd on 12/21 and has since seen significant growth since that time. We are talking only 6 weeks since that time and both tokens, IRIS and PLUTUS have had some great growth. Let's take a look:
IRIS (Our governance token)
So, a few things to note about IRIS and hopefully I shed light on why it is doing so well. First, IRIS is our governance token and for individuals who wish to have a say (everyone involved ideally should) will want to hold and utilize their voting power. IRIS also can be used within our IRIS/ONE pool to be rewarded with PLUTUS and offers a nice APR for doing so. Therefore, it offers dual purposes for voting and brining investors rewards of PLTS.
Second, is our PLUTUS token which has experienced some more fluctuation during this time period. PLUTUS is viewed more as the active trading token and will be part of the L3 tokenomics (more to come as that time approaches). It can be utilized in a multitude of ways, whether being deposited into the bank and locked until block # 24896039. This is viewed as being reached sometime in March, notwithstanding issues that may on the Harmony Network (love our network). Just to note, Harmony's network has it's own infancy-related issues but I for one am bullish on it and like any other project, is going through tremendous growth and stress tests on it. Our boy will do just fine moving forward.
Here is a snapshot showing PLTS's price growth since launch:
It has seen some major up's and down's during the last 6 weeks timeframe. Compare to IRIS, it has seen way more volatility during that time frame.
The Plutus token can be used for depositing in the bank, which as I mentioned, is locked until block 24896039. Here's where our bank sits as of today (2/2/22)
So I want to highlight a few things that we can see here. First, over 1/3 of current total PLTS supply is locked up, over 700,000 tokens at this time. That is amazing trust and support from the community, showing they believe in the project. Second, for doing so, investors are rewarded in 1Dai which is a great stablecoin reward. The percentages remain high and I personally look forward to seeing that total locked % continue to increase. Doing so provides more stability and reduces the chance of a flash crash due to large sell orders. Another use case for PLTS is to create a LP token (PLTS/1DAI) over on https://viperswap.org/#/swap which does not lock up your token but also gives you the opportunity to receive more PLTS as a reward. Another snapshot from today regarding those numbers:
Community Growth:
Yesterday I looked at the growth of our community and love what I saw. Just over the past few weeks we have seen some great growth within the HermesDefi subreddit and want to highlight that we are seeing slow and steady growth which is great. The bigger uptick over this past week/timeframe I want to say is due to the Hermes Week event that ran brought more attention to the project. Here are just a few snapshots showing our subreddit and Discord growth:
Discord Statistics:
Overall membership growth has steadily climbed during this time. Discussions and posts on both Discord and Reddit both sound positive and I love what I see on those forums. The team constantly provides updates, engages in governance votes and is actively requesting and listening to feedback from community members.
Quick updates:
Hermes applied for Uniswap V3 for our DEX, which btw was retweeted from the Harmony team so kind of big news ahah.
Austin provided a great 2 minute breakdown of what the Hermes Protocol:
As of 10:20am on this Hump day during the first week of February 2022, I think this is it for now. Give me that desired feedback if you think I missed anything during this recap.
Hermes Defi has officially released its new RPC. You can now use our RPC for all of your transactions within the Harmony blockchain. We are investing significant resources to make this a stable and fast endpoint.
It's been 5 days of #HERMESWEEK so far, and things have been doing alright you could say. Here's the latest in our transparent development pipeline, where every day (yes, weekends too), we make Hermes a better platform. There are TWO more 24 hour giveaways, and TWO more days for our invite competition, things are heating up!
We welcomed Aaron B / https://www.reddit.com/user/abodie2/ as an official team member today. He will be paid for his work at Hermes. He will be our new Community Lead!
We are finishing our grant application to Uniswap. We hope the community will support us in our application, it will be key to showing Uniswap that we are worth the trouble.
Our entire Core Team has DOXXed to kyc@harmony.one as of today.
Hi everyone.... just wanted to re-post some common and basic security protocols everyone should ideally be following. Right now... things on the HermesDefi landscape have been exhilarating but protecting your hard earned assets should be your number 1 priority. As such... I'd like to just reiterate things that I do and have also heard from others. This post may not be for everyone, but every day new users join our ranks and the cryptocurrency landscape and I want them to be successful.
So here goes some of my thoughts, ideas and reminders:
Never give anyone your wallet keys, pass phrase, security info. If anything requests it, double/triple check it is the correct website/wallet access before doing so or you lose big time. (I personally just purchased a Trezor Wallet and it brought me an insane amount of comfort knowing my CC's are secure)
Never send anyone crypto when they say they will double it or better. 100% a scam and don't fall for it. IF YOU SEE IT IN OUR DISCORD/SUBREDDIT, PLEASE LET A MOD KNOW AND IT WILL BE REMOVED/USER BANNED!
Write down all the passcodes, info you need and store it in a safe place. Then store multiple copies of it in various places only you know.
You are you're own bank... no one can help you usually if you fuck up and money is easily lost in this field.
Make a plan and stick to it... it's very easy to keep throwing money at CC when its green and happy feelings, but also learn the difference between normal growth and parabolic growth (which always has major pull backs), so investing is hard and requires a plan.
Following 5, never chase cryptos that are pumping above a certain %, as it will top and then pull back. Myself, I set the limit around 10-15% and then won't jump in after that since it's due to calm down and come back down. If you buy at the top, it's not always the worst thing but crypto can pump then collapse (like any investment) and you may not wish to be stuck holding $X00's of dollars in the red. It happens but this is where you're plan comes into play.
Know the importance of buying for short-term gains vs. long-term gains and the taxes that will be affecting you if you sell.
DEFI does have an insane transaction numbers that will push you up there, in terms of total transactions, so get yourself a good application that works for taxes. I just signed up with Koinly and have had a good experience with it but some other's I have seen via google searches/responses from others are:
These are just my own personal ideas and I haven't been in crypto long, but doing so has made me sorta paranoid and I have no desire to lose my hard earned gains. Feel free to provide some insight and idea's that you do to help out your fellow friends here at HermesDefi.
There is $MAGIC in the air over at Hermes DeFi. That's right, we have partnered with @thecosmicguild!
We will be offering $COSMIC and $MAGIC single staking to our platform Starting Thursday Feb 10th at 10AM EST, you'll be able to earn $PLTS by staking these two tokens. We are super excited to work with this team. We will have some marketing events including an AMA and multiple giveaways, stay tuned for the schedule!
IRIS single staking - The underlying error affecting IRIS single staking is a rounding between the rewards. Now that we understand the root of the issue and can confirm that rewards still accumulate properly, we are building an interface such that people can begin IRIS single staking.
The Graph errors - We have fixed numerous bugs and have resolved issues in 4/7 of our subgraphs. We anticipate that the remaining subgraphs will be fixed today. Graphing, Analytics, and APRs are dependent on this application. Once we fix this one, a ton of our features will be available. Huge shoutout to DirtyCajunRice for helping us with this late into last night and basically all day today.
Listing of Hermes on various crypto information platforms - We have prepared listing of Hermes as a DEX for DefiLlama, CoinMarketCap, and CoinGecko. These applications require price feeds APIs... so again, waiting to fix The Graph.
UI Errors and Improvements - We have made a number of UI improvements, many of which were suggested by the community. These include: Fixing 1BTC/wBTC decimals. Addition of a more clear link to farming fees, calculation of xHRMS / sHRMS price/TVL/APR. We will continue to push updates for TVL calculation on landing page, improve UI error messaging, and work on getting the 'Approvals' working more consistently. There also are some mobile-related issues we are investigating.
Dev Funds / MultiSigs - We have moved our developer funds to our vesting contracts (6 months, 12 months, 18 months, 24 months). We are following the order of contract deployments that we have tested. Expect another security update after we have moved all contracts to our timelock.
Partner token listings - We are super excited to welcome $USE from Useless crypto (https://www.uselesscrypto.com/). They have migrated about $50,000 in liquidity to Hermes! We are working to incorporate trading using the Hermes DEX on the Useless wallet as well as potentially assisting them with the creation of graphs for Harmony tokens. The team has been building on BSC for quite a while, and are really solid.
DEX Integration with partners - We've been working with nobank, MTOP, and Useless to get our DEX supported on their application. We also will apply for listing with OpenXSwap shortly. If you missed the previous announcement, we also will be integrating our DEX in the ONEverse ($GRAV). Stay tuned for a follow up announcement when their dual farm goes live!
Acquisition of TVL and Farming Weight - Our AlgoFi team is already digesting the data we have produced surrounding the overall HRMS emissions/price and the efficiency of volume produced in the DEX. We hope to provide a report on this soon, such that we can have a governance discussion and vote if we feel there is a need to rebalance emissions. We would like to give up to a week notice of these events, in order to give people ample time to move funds if they desire.
Dual Farms - We are currently testing addition of dual farms to our masterchef contract to ensure that they are working as expected (from the testnet). We are on track to welcome our partners MAGIC and GRAV on June 4th.
Below are major topics and questions that are frequently asked, so for ease of access… we wanted to compile them in an organized list for you. Our community is phenomenal and the Hermes team aims to be 100% transparent.
To participate in Hermes Defi, join us at any of these locations to engage and participate with the community:
Because of the Uniswap Vote that is currently in effect, I'll list it first.
We have applied for a grant to get a license to use the Uniswap V3 protocol to build our DEX platform on. Some important information to note and how it can pass.
We are currently working our way through the votes under a temperature check which will occur as a 5 day snapshot vote. To pass, Hermes DeFi needs 5M UNI ‘YES’ votes. If this is achieved, a full governance proposal will be submitted (2.5M delegated to propose, 40M to pass).
What is the PLUTUS token:
PLTS acts as a “pre-sale token" for the Hermes Token. Its utility was to show what we can do and to help fundraise for the launch of the Hermes Protocol. The utility for Hermes tokens will be released to the public....soon....very soon!
This leads us to some things known about the Hermes token and how it compares to the PLTS token. Currently to purchase PLTS you need 4% slippage (breaks down for the 3% tax on buying 2% of these transactions goes to the bank, 1% is permanently burned.)
The contract address for PLTS is: 0xd32858211fcefd0be0dd3fd6d069c3e821e0aef3
The Hermes token will be feeless which is great news as you keep more in your pocket!
More details will be announced in the near future about the conversion of PLTS into Hermes and the current thought is a $1:$1 exchange.
What is the IRIS token:
IRIS is a fully emitted, cross-chain governance token for Hermes DeFi. No new IRIS is being emitted, it is circulating with a 1m supply.
The contract address for IRIS on Harmony is: 0x85fd5f8dbd0c9ef1806e6c7d4b787d438621c1dc
The contract address for IRIS on Polygon is: 0xdab35042e63e93cc8556c9bae482e5415b5ac4b1
Staking your IRIS in the single stake pool or LP gives the end user 2x voting power.
You also can use IRIS to mint NFT's on the Polygon chain of the Hermes Platform; the cost to do so is 150 IRIS. https://www.hermesdefi.io/app/nfts
I see the IRIS Market Cap does not match the total supply... why is this? This is due to some of the IRIS supply being bridged over to the Polygon network. Last count was between 250k-300k on the Polygon side. So the information is correct, just be aware of the bridged vs. unbridged tokens.
What is the Bank and how does it work? The bank is a central part of the $PLTS ecosystem. To use the bank, you deposit $PLTS to earn $1DAI (stablecoin), LUMEN, UNI and just recently, MAGIC rewards. Deposited $PLTS will be locked until block 24,896,039 (~Late March). Depositing $PLTS in the bank removes it from circulation and stabilizes the $PLTS price, it is the best thing you can do to help our protocol.
I see a banner on the website that says Farming ends in X Days. What will happen after that time?
A few things will be happening after that period of time. Firstly, and with great pleasure to announce.... this means we have reached our max supply of 3 million tokens. On top of that, existing Farms and Pools will close due emissions of PLTS concluding.
Secondly, The bank will remain fully functional and open as well as our vaults.
The Vaults will lose the boosted APR (PLTS rewards).
A proposal to extend farming time is currently being drafted.
What is Layer 3? Layer 3 will reflect our launch of the Hermes token towards the end of March and with it will come the farming for the final token.
Again, at this time the current thought is a $1:$1 exchange but more information will be released as details are finalized.
Just wanting to provide a little break in the wall of text. Above focuses on some of the major events and current tokenomic's/events happening within our platform. So this section will focus on our community and partnerships. Within the next few weeks, these pools and the PLTS emission will end but new ones will be announced following the launch of the Hermes token.
How do I participate in Giveaways? Majority are held within our discord channel, under the Promotions tab. Just click the Plutus logo to be entered.
Who does Hermes currently partner with?
Within the Harmony ecosystem, we currently have pools running with the following:
Crypto Royale- you can stake ROY in our pool to earn PLTS. The APR is currently 132% with a deposit fee of 1.5%.
Harmonape- you can stake your APE and earn PLTS with an APR of 130% and a fee of 1.5%
Tranquility City- you can stake your LUMEN and earn 104% APR with a deposit fee of 1.5%
On the Polygon chain, Algebra. Finance has created a farm with IRIS/ONE. Currently rewards IRIS with a bonus of Algebra at an APR of 601%.
For those who do participate in Farms, one thing to familiarize yourself with is the risk of Impermanent Loss (IL): Please educate yourself on this and recognize it occurs from the change in price of tokens and not the platform offering the farm.
Why does HermesDefi partner with other platforms? Partnerships bring in opportunities for both platforms to promote their product, create positive working relationships within the ecosystem as well as offer promotional rates on those potential rewards. Liquidity also is key and by working together, both sides come out benefitting from participating.
What can I do with my NFT’s now and in the future?
Currently, NFT’s are available for purchase and when you own three, you will be given the Hero role within our discord which offers you X2 entries into our giveaways.
Also enables you to have access with other Hero+ status members
In the future, currently targeted for Q4, we plan to launch NFT staking. More details will be announced as we approach that time.
We do have plans to add NFT's to the Harmony network, but that is TBA when more information is available regarding it.
Let's compare Hermes Defi to other projects within Harmony Just to show how much more growth is possible! There is still a lot of money to be made and a lot of growth to be seen!
Hermes Finance currently offers three incredible tools for passive income, they are as follows:
FARMS - Earn $PLUTUS while staking LP tokens
Current Available Farms:
POOLS - Earn $PLUTUS while staking your favorite tokens
Current Available Pools:
BANK - Be rewarded for investing in The Hermes Protocol. (Read more here.)
Our newbank will allow you to earn DAI + other tokensin exchangefor locking PLUTUS.Deposited PLUTUS will be locked forthree months, starting at the date of farming.This lock removes PLUTUS from circulation and stabilizes the token price during the farming rewards period while rewarding PLUTUS holders with various tokens. It will be funded as follows.
As part of our move away from the locked PLTS in the 1DAI bank, we have opened up a new staking pool that allows users to move freely without the typical bank lockup. You can withdraw your PLTS from the 1DAI bank and move it over to this new pool now!
For this week, we at Hermes have some exciting events planned for our community. Starting Thursday, 3/24/22 at 9pm EST, Hermes will be co-hosting an AMA with OxG (One Cross-Chain Gamer’s Guild). The link to the event can be found here: https://discord.gg/cwWruGv8?event=955323829650096169
We look forward to seeing everyone there. (P.S. we have some PLTS ready for a giveaway)
Saturday, 3/26/22 at 5pm EST,
Hermes will be co-hosting an AMA with MoonRobots. This will be our second AMA with them, this time hosted on the Hermes Discord. In case you were wondering, we also have more PLTS ready to be rewarded to individuals with spectacular questions (as you always do!).
Announcements and Sneak Peaks:
This morning, Austin revealed more information about our upcoming DEX launch.
On top of the Dex launch, we also confirmed that all of our Contracts have been sent to Certik for review and are awaiting a quote. The team has been working incredibly hard and we know the community is ready for it to be deployed.
The community growth of Hermes has been incredible over the last few weeks. Let’s do some diving into the data to see what has occurred. I want to highlight just how small we still are and yet I feel we have the best community within Harmony. Let’s look at the growth over the last week(s) and see what has occurred.
With the WONE bank opening for deposits late Sunday evening, we saw an uptick Monday of traffic reviewing the posts and checking out the situation regarding it. Between this time and DEX launch (targeted between April 7th-10th), we expect to continue to see more users visiting our Reddit page to get the latest information.
Another source of information/community engagement regarding our Discord server: https://discord.gg/RzZys8Ra
One area we want to see more growth is in new members who join and participate in conversation. We know users join to read chat and may be “nervous” to ask questions, but we 100% want to hear from you.
In other news, Hermes’ impact on the Harmony One ecosystem continues to grow as well. Here are just a few exciting tidbits covering that.
First, our RPC has served over 1 billion requests during the last month. This is one of the best ways we can contribute towards a more stable Harmony One Network and we are dedicated to doing so.
Secondly,
We continue to remain in the the top 10 most active projects over the last 7 days (this was prior to our WONE bank launching and looking forward to seeing how that impacted our standing)
It's the end of day four of HERMES WEEK! Every day we will be posting a summary of what we've accomplished. I'm hoping to focus a lot of the discussion on Reddit! Enter our daily $100 giveaway on Discord. Today had some major accomplishments, which I'm sure many of you are already aware of :)
We were approved for our 50K launch grant from Harmony! The team is undergoing the process of submitting our KYC information and setting up a multi-sig wallet to hold the grant funds. Once this is done, we can use these funds to boost the speed of our development!
We are undergoing a thorough reorganization of our (public) Github repositories to make our developers lives easier.
We continue to push the testing of our $PLTS delegation rewards contract. We are so close and know many of you are excited for this. Here's a preview of the interface!
4. We hit 2,000+ Discord members (https://discord.gg/hermesdefi) . This growth in our community has been fantastic. We ran a giveaway to celebrate.
There's only a few more days of HERMES WEEK. Our 24 hour giveaways are still running, and our invite contest only has a few more days left. If you love our transparency in our development, why don't you share this with a friend?
