A group of experienced DeFi users created Hermes DeFi with a singular goal in mind: to create a Safe, Transparent, and Fast platform that is easy for everyone to use. Hermes has met the demand for UX simplicity without sacrificing DeFi features while building a complete suite of DeFi services on one platform. The Hermes testnet went live May 14th, so traders can now see for themselves if Hermes has succeeded in architecting a better DeFi DApp without compromising on features.

Digital asset investors equate simplicity with a novice app like a Robo-advisor with a handful of automated portfolio investment choices. Investopedia has voted for Robo-advisor Wealthfront Best Automated Investing App. Hermes has set out to prove that Momentum6 doesn’t need to compromise. Although the Hermes trading interface is both new user and experienced trader friendly, the Hermes roadmap offers a powerful DeFi suite with advanced trading tools, analytics, Dual Farms, Bonding, and more.

With robust multi-chain support from the Harmony blockchain, Hermes is quickly signing up partners for their Dual Farm Program. The first will be Cosmic Universe, an Unreal Engine 5 Fantasy MMORPG built on the Harmony blockchain.

As a fast, sharded Layer 1 blockchain with thousands of nodes delivering 2-second transaction times. Instant finality at 100x lower fees, Harmony provides DeFi dApps the potential to provide top market performance.

Fast Solution

Through a simple interface, users can easily find all the yield-earning services listed across the top of the main page in one click: Swaps, Liquidity, Farming, Staking, and a one-click liquidity migrator. Sixty percent of Hermes’ 30 million tokens have been allocated to farming rewards. Additionally, users will be able to participate in Dual Farms, Bonding, and HRMS staking to earn in a variety of different ways.

DeFi automation that increases yield

Automated strategies are a good way around a complex UX. Hermes is making good use of automation, starting with seamless communication. One of its most useful upcoming features is push notifications, a crucial trading tool not natively supported by Ethereum.

Through their collaboration with the Ethereum Push Notification Service (EPNS), Hermes will push DeFi notifications in real-time to help users attain a trading edge. EPNS users can even have push notifications sent to their ENS domain name, like a personal email. Users can opt-in to receive notifications through their mobile phones (iOS & Android) or on their desktop through a browser extension.

Other yield-enhancing automation includes:

1. Automatic Protocol Fee Redistribution — Through the HRMS staking derivatives sHRMS and xHRMS, users are able to earn USDC or HRMS (respectively) acquired from protocol revenue. Additionally, xHRMS can be a single-stake to earn partner tokens source from Dual Farms.
2. Auto-compounding Liquid Staking of ONE — Hermes staked ONE (hONE) is a new liquid staking token that represents validator-staked ONE, helping to make it easier and more profitable than ever to secure the Harmony network. Rewards from staking are automatically compounded by this smart contract, increasing APY. Additionally, Hermes has worked with Harmoforce (a community of decentralists on Harmony) to design a round-robin delegation strategy. Helps elect new validators, further increasing the decentralization and security of the network. Additionally, hONE can be used in place of ONE for DeFi applications, meaning you can earn validator staking rewards in addition to other DeFi yields.
3. Auto-compounding farms (Vaults) — Liquidity Providers on Hermes earn 85% of swap fees. Additionally, the HRMS rewards from all Hermes farms are “unlocked” so farmers can immediately benefit from automatically compounded earnings. Hermes is working with one of their partners from Polygon, KogeCoin, to implement auto-compounding vaults for all of their farms. As a result, this means users will be able to optimize their rewards. Without having to constantly claim and restake farming rewards.

Other advanced features include order book visualizations, limit orders, FIAT onramp integration, tax report generation, personalized portfolio analytics, as well as trade history reports. Furthermore, all of these features will have the same seamless frontend experience you can expect from Hermes DeFi.

ABOUT Hermes 
The Hermes Protocol is a decentralized and proactive financial platform at the forefront of modern-day finance. In addition, Hermes DeFi is Safe, Transparent, and Fast.

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ABOUT Momentum 6
Momentum 6 (M6) is a value-add-focused venture capital fund architecting Momentum for teams and ecosystems building the future of Crypto & Web 3. Furthermore, through a unique approach and analysis, M6 has funded over 150 blockchain startups in the past couple of years. This portfolio diversification has cemented the fund’s place. As one of the leading investment firms in the industry. Involved in the growth of DeFi, Web 3.0, gaming, and metaverse, as well as NFTs.

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RESOURCES
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