The largest stableswap AMM on Metis gets with the program!
The Hummus Exchange team is thrilled to announce that Hummus is joining the Metis Marathon with over $2 million in Metis incentives for our growing community!
Hummus is joining the Metis Marathon as the leading Automated Market-Maker (AMM) on the Metis Andromeda network, offering stablecoin swaps with extremely low slippage and minimal fees in addition to boosted staking yields, all packaged in a slick and simple UI.
“The Hummus Exchange team is ecstatic and humbled to be part of the Metis Marathon, and we are proud to contribute to the rapid growth of the entire Metis ecosystem.” — The Great Hummus, Founder.
Over the next 6 months, through its participation in the Metis Marathon, the Hummus Exchange will provide METIS token rewards to users who provide liquidity to pools on the Hummus Exchange that support the Metis ecosystem. These incentives will foster Total Value Locked (TVL) growth not only of the protocol but of the entire network.
Add this bonus to our new fee distribution strategy, and you’ve got one creamy dip. Remember: Users can already earn rewards on the Hummus Exchange by depositing tokens in its flexible liquidity pools and boost those rewards by staking HUM tokens to generate veHUM tokens over time.
METIS rewards will incentivize users to provide more liquidity in our stablecoin pools, thereby boosting yields across the protocol. Increased TVL will, in turn, reduce slippage even further, thereby driving up volume. That increase in volume feeds back to veHUM token holders via an airdrop of METIS tokens, thus creating a flywheel.
The Hummus Marathon is almost ready to begin. Make sure you follow Hummus Exchange on Twitter and join our Telegram group so you don’t miss out on a single METIS!
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.
Users can swap stablecoins on the Hummus Exchange with extremely low slippage and fees. They can also stake stablecoins to generate yield, and stake HUM tokens alongside to boost that yield.
Come check us out! Stop by to swap or stake around for longer.