Hermes DeFi Updates April-May 2022
Metrics
Our team has remained at current size over this period. We are expecting to make a round of team additions after our DEX launch.
IRIS Market Cap: $550,000
PLTS Market Cap: $950,000 (58.7% staked in 1DAI pool)
WONE Bank Value: $389,000 deposited (effectively $1.08M in HRMS/ONE liquidity and $1.35 HRMS launch price)
Monthly Website Users: 1,100
Monthly RPC Requests: 2.5 Billion across 106 countries
Socials: Discord (4444, +30% MoM), Twitter (12,201 Followers, 178,421 Impressions), Reddit (500 Members, 4,252 pageviews in April)
Development
We have almost fully completed the Certik Audit (95%) for the launch of the Hermes Protocol. Once this is completed, we will shortly deploy the contracts and launch our DEX on the Harmony mainnet! Our target date for this is May 27th.
A fully functional and mobile-optimized testnet application is currently live for users to interact with at https://hermes-v3.vercel.app. This features our swap (native charting in Expert mode), farms, dual farms, xHRMS and sHRMS staking, and a liquidity migrator service. Additionally, our customized analytics is up and running that provide reliable and real-time updates to token prices, liquidity, fees earned, etc. We are extremely proud of our team in providing these deliverables and can’t wait to see them in action on the mainnet.
We have completed the necessary snapshot and scripts for the PLTS to pHRMS migration. This will allow us to migrate the current market cap of PLTS and help provide a strong foundation for our HRMS token.
We have also launched a pilot financial advisory service (The Hermes Alliance) for projects that are seeking strategic tokenomic design and financial modeling. Our first partner, Rocket Monsters Universe ($BEAR), has been extremely pleased with our services and we are extremely excited to see their token launch on Harmony.
Community Growth
In the time since the past update, we have had events, conversations, or cross-marketing with a total of 31 different projects. Hermes will continue to be a leader in information exchange, community growth, and ethical project promotion. This may not be an exhaustive list, but they contain:
Business Collaborations: (EPNS, Momentum 6, BoringDAO, ChainLink, Proximity Labs, QuickNode, DoraHacks, Certik, Algebra Finance, KogeCoin, QiDAO)
Harmony/Crypto Communities: (Harmony Rave Lore, Useless Crypto, Rocket Monsters, Degens for a Brighter Future, Cerebral Gaming, Tranquility City, Cosmic Universe, Rise of Protania, Mint O’ Taurs / DeArt Gallery, MTOP, Harmony Community DAO, Harmony Developer DAO, Unite Finance, ONEverse, nobank, Harmoforce, Blockchain Crusaders, Knights and Peasants, Moon Robots, DeFi: The Gods)
Stay tuned for our latest updates on our blog and social media channels!
Testnet — Website — Docs — Reddit — Twitter — Discord — YouTube — Telegram