The Great Hummus Invents Time Machine TL;DR Users can choose to lock or flexibly stake HUM tokens to generate veHUM. HUM can be locked for up to one year for a maximum veHUM accrual of 120x HUM locked. To reward our long-time users who are staking flexibly, we are raising…

Bring on the Bribes! The Hummus Exchange is about to take a huge step in decentralization, utility, and rewards. This is a big deployment. The team is excited to introduce voting gauges and the bribing mechanism! TL;DR Liquidity providers *must* migrate to continue to receive rewards. veHUM holders will be…

TL;DR We’re phasing out BUSD for now for three reasons: (1) There has been a lack of ecosystem demand for and usage of BUSD. (2) To consolidate utilized assets to prepare for the deployment of Aave on Metis. (3). The Metis version of BUSD is issued by Paxos. Paxos is…

Calling All Arbitrageurs! The Hummus Exchange has lowered the fees on the main stablecoin pool to 0.01% to encourage improved balance across the main pool. We are also lowering the fees on the alt pool (MAI/USDC) to 0.04%. With lower fees, arbitrageurs and yield farmers are much better incentivized to…

The ‘D’ in ‘Decentralized’ The Hummus Exchange is an Automated Market-Maker (AMM) built exclusively for swapping stablecoins on the Metis Andromeda network with extremely low slippage and minimal fees. The protocol’s design allows for the pools to not only interact with each other but also to be flexible and grow…

METIS for the veHUM Faithful Incoming! 🪂 The METIS airdrop is underway! As foretold in our earlier article about the new fee distribution structure, we’re beyond excited to announce our first airdrop of 155.6 METIS tokens (current value of $3875 USD) to veHUM hodlers! This airdrop represents the first major fee distribution…

The Start of Something Beautiful. On Wednesday, 7 September 2022, the Hummus team migrated the HUM-METIS liquidity to the Hermes Omnichain. Essentially, this means that these HUM and METIS tokens (and therefore their value) moved onto the Hermes protocol to buttress a new liquidity pool (LP) for traders to utilize. …

HUM-METIS Moves to Hermes Omnichain TL;DR Hummus Exchange moved the entirety of its HUM-METIS liquidity pool, currently on Netswap, to the Hermes Omnichain protocol on Wednesday, 7 September. Users do not need to take any action. Yield (rewards) in the new Hermes pool will be higher, and initially paid in…

Episode Three of this educational series, Meet the Stablecoins, introduces users to the third largest stablecoin by market capitalization — BUSD. The Hummus Exchange is an Automated Market-Maker (AMM) built exclusively for swapping stablecoins on the Metis Andromeda network with extremely low slippage and minimal fees. The protocol’s design allows…