Recently, Vitalik posted about Interoperability.
Put 2+2 together… 🤔
The main thesis behind it 🧵👇
The Challenge
- Finding a good narrative, like interoperability, is just half the battle.
- The real challenge lies in finding the right project that fits this narrative.
The Bet
- Vitalik's focus on interoperability highlights a critical issue that needs addressing.
- Enter @MetisL2 and its gem: @MaiaDAOEco.
- A community-driven ecosystem of open-source components and decentralized protocols, live since 2022.
Ecosystem Highlights
- Hermes: Omnichain AMM and Yield & Liquidity Marketplace (YLM).
- TALOS: Automated Liquidity Omnichain Strategies.
- Maia: Decentralized Strategy Vaults.
- Ulysses: Omnichain Liquidity Protocol.
Hermes V2: Not Just Another Fork
- Hermes V2 operates as a 3,3 DEX, inspired by Andre Cronje’s Solidly model but with its unique features.
- Draws from Curve’s vote-escrow model and Olympus DAO’s (3,3) bonding mechanism.
- Expansion plans: Moving to Arbitrum and going cross-chain with LayerZero tech.
What’s New in V2?
- Permanent Locks with Liquid Positions: Lock tokens indefinitely while maintaining liquidity.
- Deposit-Based Tokenized Vault: A simplified ERC4626 vault that eliminates weekly rebases and increases the token burn rate.
Additional V2 Features
- Low-cost, near zero-slippage trades for both correlated and volatile assets.
- Bribes & Rewards: LPs receive token emissions based on veHermes votes, earning between 40%-100%.
- Emission Incentives: Enhancing rewards for liquidity providers.
Revamped Tokenomics
- V2 introduces a tri-token system:
- bH-V: Governance and voting.
- bH-G: Collecting bribes and fees.
- bH-B: Boosting rewards for liquidity providers.
Upcoming Campaign
- @HermesOmnichain has launched an incentivized campaign on Zealy.
- Ends on September 8th. Don’t miss out!
Conclusion
- @MaiaDAOEco has become a powerhouse within the @MetisL2 ecosystem, particularly through @HermesOmnichain.
- I’m excited to see how @VitalikButerin will drive the interoperability narrative forward. 🌐