Creamy New Fee Distribution is LIVE!

Check out that slick new do.

Here’s the TL;DR…

  • Beginning today, fees from swaps now go to veHUM holders (generated by staking HUM tokens) and the coverage ratio, including LP holders (stablecoin stakers). Previously, all swap fees were returned to the coverage ratio.
  • Over the next 6 months, the Hummus Exchange will be deploying over $2 million in Metis incentives for our growing community as part of the incredible Metis Marathon!
  • New Fee Distribution + Metis Marathon = A Better & Sustainable Economy.
  • The veHUM UI is getting reworked to improve utility and community.

New Distribution, Even Creamier Hummus

The Hummus Exchange allows ultra-low slippage stablecoin swaps and yields on staked stablecoins. These yields are affected by the amount of stablecoins staked as well as the amount of HUM tokens staked and the length of time for which they have been staked. Yields are paid in HUM, funded by the fees taken in-kind and paid by the traders’ swaps. (Learn more about how the Hummus Exchange works in our earlier article.)

  1. To veHUM holders via a monthly METIS airdrop (60% of fees)
  2. To the coverage ratio, including LP holders (40% of fees)

Improving the the UX

The Hummus team is building a protocol that not only offers the best slippage in the industry, but also provides the best UX. We are constantly looking for ways to improve our user interface, so we will be making some useful (and fun!) tweaks and additions in the future, such as an analytics hub and a new Boost Calculator (shown below). Follow our socials to stay up to date!

The new veHUM UI, depicting the impact of veHUM accrual for 2 months 👀

Boosting Yields with HUM & veHUM

You can significantly boost your APR by also staking HUM tokens on the veHUM page. By staking HUM you will accrue veHUM on an hourly basis. You can then claim your accrued veHUM on the veHUM page. The veHUM tokens will be placed in your wallet.

About the Metis Marathon

MetisDAO Foundation has announced the Metis Marathon, a 26-week long builder incentive program that aims to incentivize a fierce development of the Metis ecosystem. Besides introducing some of the Top DeFi protocols by TVL to our ecosystem, the Marathon will also help create a native powerhouse by directly incentivizing some of Metis’ most innovative native dApps.

About Hummus Exchange

The Hummus Exchange protocol is a single-side and decentralized AMM designed for exchanging stable cryptocurrencies on the Metis blockchain.

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