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Hermes ProtocolHermes Protocolby0xC9eebecb1d0AfF4fb2B9978516E075A33639892C0xC9ee…892C

[HIP-27] - Approve selection of bluechip meme gauges

Voting ended over 1 year agoSucceeded

Introduction This proposal seeks community approval to add a selection of Meme liquidity gauges. There are no specific partnerships with their communities yet;

Gauges

mainnetSPX6900-arbETH - 0,3% - contract: 0xE0f63A424a4439cBE457D80E4f4b51aD25b2c56C - pool: 0x52c77b0CB827aFbAD022E6d6CAF2C44452eDbc39 - 24h vol / fees: 2.7m / 8,1k mainnetBITCOIN-arbETH - 1% - contract: 0x72e4f9F808C49A2a61dE9C5896298920Dc4EEEa9 - pool: 0x0c30062368eEfB96bF3AdE1218E685306b8E89Fa - 24h vol / fees: 1.9m / 18,9k

mainnetJOE-arbETH - 0,3% - Contract: 0x76e222b07C53D28b89b0bAc18602810Fc22B49A8 - pool: 0x704aD8d95C12D7FEA531738faA94402725acB035 - 24h vol / fees: 337K / 1K

mainnetKEKEC-arbETH - 0,3% - contract: 0x8C7AC134ED985367EADC6F727d79E8295E11435c - pool: 0xc6e40537215C1E041616478D8cFe312b1847b997 - 24h vol / fees: 536K / 1,6K

mainnetMOG-arbETH - 0,3% - contract: 0xaaeE1A9723aaDB7afA2810263653A34bA2C21C7a - pool: 0xc2eaB7d33d3cB97692eCB231A5D0e4A649Cb539d - 24h vol / fees: 2,6m / 7,8K

mainnetZOOMER-arbETH - 0,3% - 0x0D505C03d30e65f6e9b4Ef88855a47a89e4b7676 - pool: 0xC2C701110dE2b9503E98619d9c9e3017877b0f72 - 24h vol / fees: 12,5k / 37

mainnetPEPE-arbETH - 0,3% - contract: 0x6982508145454Ce325dDbE47a25d4ec3d2311933 - pool: 0x11950d141EcB863F01007AdD7D1A342041227b58 - 24h vol /fee: 4,2m / 12,7k (v3 pool)

mainnetAPU-arbETH - 0,3% - contract: 0x594DaaD7D77592a2b97b725A7AD59D7E188b5bFa - pool (only v2 pool): 0x5CEd44F03ff443BBE14d8eA23bc24425FB89E3ED - 24h vol / fees: 1,1m / 3,2k mainnetSHIB-arbETH - 0,3% - contract: 0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE = pool: 0x2F62f2B4c5fcd7570a709DeC05D68EA19c82A9ec - 24h vol/fees: 2,4m /7,3k

Strategic Alignment

  • A core feature of hermes is its capability to create omnichain liquidity. Named Ulysses, this an unique capability powered by Layer0. This proposal aims to leverage this capability to access key eth mainnet Meme’s from all ulysses connected chains
  • Ve3,3 system requires income from trade fees or bribes to give value to lockers of the emission tokens. This proposal aims to grow trade fees trough trade volume from fees the meme gauges.
  • Hermes Maia can ride the awerness wave around eth Mainnet Meme’s in its communications

Gauge performance analysis

  • Unclear, these gauges do not exist yet. reference pool numbers are indicated Market impact analysis
  • Hermes will be the only protocol offering ve3,3 yields many of the selected meme tokens
  • Hermes will be the only protocol where the selected meme’s can be traded from any ulysses connected chain.

Risk assessment

  • Pools need to compete with more other pools for bhermes votes, leading to dilution of emissions per pools
  • Might attract more liquidity which does not have an interest to holding hermes but just to compound.

Ending note: This proposal created in accordance with the relevant guidelines for adding gauges as delineated. Creditting @IcarusOfCrypto for the selection of meme’s

Off-Chain Vote

Yes
4.2M bHermes-Votes100%
No
0 bHermes-Votes0%
Quorum:152%
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Timeline

Nov 11, 2024Proposal created
Nov 11, 2024Proposal vote started
Nov 14, 2024Proposal vote ended
Nov 14, 2024Proposal updated