Hercules DEX is live on the Metis Blockchain, powered by Algebra’s innovative DEX engine, and we didn’t have a real chance to even embrace that event! To celebrate this partnership, we’re launching a Galxe campaign with Hercules, Metis, and Steer Protocol, offering over $3,000 in $USDC rewards to participants!
Algebra Power-Up Campaign: Uniting the Powerhouses of DeFi
We’re thrilled to unite three strong DeFi projects in one campaign, celebrating the top-notch technologies we provide together. Hercules, the premier concentrated liquidity DEX powered by Algebra, Metis, the groundbreaking L2 chain, and Steer, an innovative multi-chain protocol providing next-gen automated liquidity management solutions.
In essence, Algebra, in collaboration with Metis, Hercules, and Steer, is simplifying blockchain adoption for individuals, even those without extensive blockchain coding knowledge, by making it more accessible and user-friendly. To showcase this, we’re running a campaign with social and on-chain tasks. Those who complete these tasks will have a chance to share a $3,000+ USDC prize pool starting today here!
Campaign Tasks & Rewards
From Hercules:
- Follow Hercules on Twitter
- Join the Hercules Telegram group
- Complete a swap starting from $20
- Create a TORCH/METIS liquidity position of $20
How to add liquidity on Hercules?
- Go to https://app.hercules.exchange/
- Click “V3 Add Liquidity”
- Choose the TORCH/METIS pool on Hercules
- Select the custom price range in the “Manual” tab
- Add liquidity to the pool starting from $20
- Click “Create position”
Enjoy the journey of farming, staking, earning, boosting, and earning again on Hercules DEX!
From Algebra:
- Follow Algebra on Twitter
- Join the Algebra Telegram group
- Follow Vladimir on Twitter
From Metis:
- Follow Metis on Twitter
- Join the Metis Telegram group
From Steer:
- Follow Steer on Twitter
Rewards:
- $1,000 in USDC from Algebra.
- $2,000 in USDC from Metis & Hercules.
- $250 in USDC from Steer.
Max amount of points — 1,200 XP. Those completing all the tasks will be eligible for an airdrop.
Dates:
July 1st — 14th.
Complete the tasks here: https://app.galxe.com/quest/CryptoAlgebra/GCj9Ftg4XP
Hercules: The Next-Generation DEX on Metis
Hercules is a deep liquidity infrastructure project that leverages Camelot’s successful DEX model, powered by the Algebra DEX engine, to achieve adaptable liquidity for Metis-based projects. With innovative features and liquidity strategies, Hercules aims to foster long-term market health while offering real yield possibilities for users. This makes Hercules a cornerstone for liquidity in the Metis ecosystem.
Key Features of Hercules:
Unique AMM & Concentrated Liquidity: Efficient liquidity management provided by Algebra CLAMM.
- Nitro Pools: Additional rewards for targeting specific user profiles.
- Yield-bearing Liquidity Position NFTs (spNFTs): Enhanced composability.
- Dual-token Model: Flexibility for vesting and DEX profit sharing.
- xTORCH Plugins: Access to dividends, yield boosters, launchpad capabilities, gauges, and more.
Algebra: Powering the Future of DEXes
Algebra offers two pivotal AMM codebases, V3 and V4, akin to Uniswap. Our B2B model allows us to earn a percentage of trading fees by integrating our AMM model into various DEXes.
Our AMM features include:
- Concentrated Liquidity: Efficient use of capital — boosts capital efficiency up to 95% compared to traditional V2 DEXes.
- Dynamic Fees: Adapt to market conditions, and calculate fees based on volatility, risks, pool volumes, etc.
- On-chain Farming: Enables DEXes to reward LPs of a DEX on-chain all in one place.
We’re live through QuickSwap on Polygon, Lynex & Horizon on Linea, Camelot on Arbitrum, THENA on BNB, Hercules on Metis, Kim on Mode, Fenix on Blast, and over 20 DEXes across various L2s.
Join us in this exciting campaign to explore the potential of Algebra-powered Hercules on the Metis Blockchain and earn incredible rewards while supporting the growth of a thriving DeFi ecosystem.
About Metis
Metis, as an Ethereum Layer-2 scaling solution, aims to address the blockchain trilemma, a challenge that traditionally hinders blockchains from achieving decentralization, security, and scalability simultaneously. Furthermore, it seeks to tackle key issues faced by Ethereum, such as speed, cost, and scalability.
About Steer
Steer Protocol is leading the way in DeFi and Web3, providing unmatched opportunities for developers, liquidity providers, and traders to achieve more. Our advanced concentrated liquidity platform, pioneering off-chain compute, and data connectors are unlocking new possibilities for DeFi and Web3 innovation. With true multi-position capabilities, a data connector marketplace, and incentivized vaults, we are creating a more connected, democratized, and inclusive ecosystem for all. Join us today and experience the limitless potential of DeFi and Web3 with Steer.
About Algebra
Algebra is a Protocol enabling projects to integrate Concentrated Liquidity tech, alongside other groundbreaking features — Dynamic Fees, Built-in Farming, and more. Already seamlessly integrated into various DEXes across different chains, including Camelot, THENA, QuickSwap, StellaSwap, Lynex, Kim, Swapsicle, Fenix Finance, Hercules, Swapr, SilverSwap, BladeSwap, Zyberswap, Horizon, and more, Algebra propels them to higher trading volume & enhanced capital efficiency. Learn more on our website: algebra.finance.
$ALGB is the platform token of the Algebra Protocol, used for governance. Weekly buybacks & burns are aimed to reduce the circulating supply & increase the ALGB value. ALGB on CoinMarketCap.
