Intro to H3RMES

HERMES Protocol is a new V3 DeFi protocol developed for Sonic that aims to reward committed ecosystem participants with sustainable yield.

HERMES Protocol has fully incorporated Origin Protocol's $OS, a liquid staking token that is pegged 1:1 with $S. By using $OS, all HERMES products will benefit from an increased yield of roughly 15%. By utilising a unique two token model as well as introducing many novel features, HERMES Protocol plans on being the premier place for any Sonic users to deposit their $S (which will be automatically exchanged for $OS by our contracts) or stablecoins ($USDCe, $scUSD) and generate sustainable yield. During the TGE (Token Generation Event), which will last five days, H3RMES ($H3) is produced when users mint using $OS/$S, with the $S and #OS being deposited to a treasury, which can be considered a debt reserve pool. No extra $H3 is from the protocol farms, emissions are instead rewarded in xH3RMES ($xH3), ensuring continuous H3 stability and gradual token distribution to as many users as possible. The stability of H3 is particularly important to users that utilise the built-in leverage system.

H3RMES protocol was built to provide deep liquidity to Sonic, sustainable rewards for committed users, and bring true innovation via unique and custom-built DeFi mechanics.