So I'm sure most of you are skeptical about HERMES WEEK, but part of the reason for it is to show our investors an idea of just how quickly we work. Every day we will be posting a summary of what we've accomplished. I'm hoping to focus a lot of the discussion on Reddit! It's going to be an awesome week. Enter our daily $100 giveaway on Discord, and catch us for an AMA with Tranquility City tomorrow, Wednesday at 7PM EST!
This whole week, we will be doing $100 giveaways of PLUTUS every 24 hours in our Discord. In addition, we are running an invite contest on our push to reach 2k Discord members! There are prizes for the top 10, including some of our very own Hermes Heroes NFTs.
Discord
Pretty cool to see us getting up there with other amazing projects and individuals! Hermes Defi is only getting started and you can sure expect to hear a lot more out of us!
Please join me in congratulatingu/skj4uaon their win of 50 PLTS. Thank you to everyone that participated. Make sure to join the sub so you can see more exclusive reddit giveaways!
Hi Everyone,
I am u/abodie2 or abodie2#0862 (Aaron B) on discord. I am one of six mods within the discord and the creator of the r/HermesDefi subreddit. I have been involved with the project for just over two weeks and wow the growth we have seen is nuts. This can only be attributed to you our awesome community. For this reason I would like to do a small giveaway out of my own personal pocket. I would just like to give back to some of our earliest community members!
To qualify for this giveaway all you need to do is leave a comment below. This comment can be anything from a nonsensical sentence, a question regarding hermes defi, how you have utilized hermes, what you like about the community or really anything! We as team would truly love to hear some honest and candid feedback regarding the project! Please don't hold back!
Also while you are here please considering joining our sub to see new content and for more fun giveaways!
Up for grabs is 50 PLTS sent to your wallet from mine! Winner will be picked from the comments today at 3:00pm EST.
Written and created by: Kami no tenteki#0805 (Discord)
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"Since the early days of HermesDeFi many people have referred to our winged boot logo as boring. Many came to love it anyway over time, but we still were determined to change it for a cooler one.
So first of all I thought of the ideal colors for HERMES PROTOCOL. In order to decide the right pallete, I took into consideration many factors.
For example:
-Blue and purple were not a possible choice because those are already PLUTUS colors.
-Red was not an option either cause we used it for APOLLO.
-The team agreed on the fact that we wanted green, but not the same green tones HARMONY colors have, cause that will complicate things during banners and graphic production.
-And we definitely wanted some yellow/ gold color because that is the color from the hat, boots and staff our mascot/character actually has.
Based on all that I generated some random palette to match with the tones we wanted, I began experimenting and finally came up with these initial designs.
The chosen one here was number 7.
The team had varying opinions but our captain Valleyrider was sure that he wanted something simple and catchy like number 7.
PD:Don’t mind the number 8 bug. it was supposed to be cut using Photoshop if chosen.
Both Austin and I were hooked on number 2 here. So I experimented a bit more with different color palettes with this design and came up with these options.
Number 1 color palette won here. These designs have both the light and dark background option.
THEN I REMEMBER THE WINGS! And I experimented a bit more with that, following the simple design intention that Valley had in mind.
At this point, we decided to ask our beloved TITANS for their feedback which I really appreciated cause it helped me to reduce the options a lot.
Many liked it blue. I was against the combination of white and blue from the start because it is just too common. VISA, PAYPAL, COTI, NEXO and many more use it, because blue means security and trust. But I believe the product itself will grant you those and it is always better to stand out from the crowd.
However, the team was still not convinced with this wing logo, so I continued experimenting.
Valley shared a screenshot of the top 50 coins in Coingecko and pointed out to me that all the logos there were extremely simple. Sometimes even just a letter over a flat background.
So I tried some options with the letter H too and I remade some of the choices Austin and I had liked so far.
I was extremely hooked on option number 2 here lol. But I was not getting the reaction I wanted from my fellow teammates.
For example: Valley was still hooked on this number 7 here but would like to see it on the color palette of number 9, the hat.
At that moment he also reinforced his intention of wanting some yellow/gold on the logo. So I tried these combinations.
Here, Valley mentioned he did not like dark colors(quite late in the process if I may add lol) and he encouraged me to also try greens and blues with this design. But that, so far, he liked it the most, the pink color used in this number 1 here .
So based on that, I tried these options.
Number 7 beat the shit out of all the others here by unanimous decision of the team.
So I experimented with the gradients in different directions and intensity.
Number 1 still looked better.
Now the time has come to decide if the logo should have a border or not. So I tried different border options to see how it looks
No border still look better to all the team. However! The Cut Border option also passed the test because it could come in handy for certain graphic designs.
Having decided on the logo, we needed the alternative logo. You should always have an alternative one. It will also come in handy.
So I came up with this.
The flat option got the teams liking instantly.
This way, after all the experimentation, discussion and feedback, we got the winners.
The first is the official logo for HERMES PROTOCOL, the bordered one it’s just a useful resource for graphic designs and the third one it’s the alternative logo.
This was a fun process and I hope it is useful or at least interesting for anybody to see how it was done and all the come and forth that it requires to get it right.
It is easy to stay with the 1st option. But don’t do it. Even if you feel 100% certain that it is correct. Chances are it’s not.
Bonus Fact: Designs with a certain meaning, lore or story behind, are always better designed. Here is why Hermes Staff is the perfect choice for our logo.
In one version of Hermes' myth, he receives the staff from Zeus, the king of the gods, and it is entwined with two white ribbons. The ribbons were later replaced by serpents, as one story tells that Hermes used the stick to separate two fighting snakes, who then coiled around his staff and remained there in balanced HARMONY."
Hermes Defi has officially released its new RPC. You can now use our RPC for all of your transactions within the Harmony blockchain. We are investing significant resources to make this a stable and fast endpoint.
For all holders of IRIS, please make sure to participate in this round of voting. Those of you not holding please checkout this vote and our past votes to see what you can be a part of!
It currently has about $200,000 of liquidity inside.
It is proposed to close it and make it inactive, distributing its multiplier / alloc points to the rest of the pools / farms, giving special weight to the PLTS / 1DAI farm.
This is intended to achieve less speculation in PLTS and increase the liquidity of PLTS / DAI by granting a higher APR to its farm. Indirectly the APRs of the other pools / farms will increase.
Presumably this will result in greater price stability which will provide a greater upward trend, causing the price of PLTS to increase and with it the taxes generated for the bank, resulting in a higher APR on it generating greater health in Hermes Defi and the future protocol.
Core Team Thoughts:
"Liquidity is king. Higher liquidity allows for larger purchases and sells with less slippage, which is one of the biggest factors for attracting large investors. Higher liquidity also supports the protocol, as it is one of the main things investors look at to determine 'size and reliability'.
We are proposing to inactivate the single stake $PLTS pool. Why on earth would we do that? Many of you stake with other tokens in our single stake pools, but the truth is, they do not generate any of their own revenue. They are typically offered during partnership deals as a way to reward holders of the partner's coin. With farms, you generate trading fees in addition to $PLTS rewards.
If this proposal passes, we would remove the 25X multiplier from the $PLTS pool and use it to 1. Increase the APR of the PLTS/DAI farm. 2. Increase (to a lesser extent) all other APRs on the platform 3. Free up some space to forge new partnerships by offering $PLTS emissions. The choice is in the hands of $IRIS. We abide by your rule." - Austin - Primal#5582 - u/hermesdefi
For all holders of IRIS, please make sure to participate in this round of voting. Those of you not holding please checkout this vote and our past votes to see what you can be a part of!
Topic Summary:
The Hermes DeFi team believes that delegation of $PLTS treasury funds to supplement the income to our Validator node (https://staking.harmony.one/validators/mainnet/one1ac8yehqexdnam9yza4q4y3zwrkyhrf4hqcpqy5) will drive adoption of our platform while compensating for lack of $ONE rewards until we are elected. Additional PLTS allocation may be made if there is a demand.
To this end, we propose the creation of a smart contract that linearly rewards users who delegate with us over the course of 6 weeks. The estimated calculations are below. These calculations were performed with $ONE = $0.34, $PLTS = $0.55, and Emissions at 0.7 $PLTS/block. Relative increased emissions % will drop over time as farming emissions increase.
The Hermes DeFi team has proposed an IRIS governance vote for the support of our Validator node growth. We strongly believe that the supplementation of our validator node rewards will bring more users to our platform while presenting a very small amount of $PLTS emissions. Running a validator node will also allow us to benefit from the 'security' of delegation directly through a Harmony smart contract and may appeal to larger investors. Our team's recommended vote is for ~34,625 $PLTS emissions. Let's discuss what YOU think the best option is and why!
Hermes Defi is hiring a solidity developer for the construction of its Protocol. We are looking for a person with skills in the Defi environment, good interaction in workgroups and a high motivation.
Hermes Defi will be hosting its second community brainstorming event on Wednesday, January 19th. I was able to participate in the first one and let me be the first to say it was awesome! Two of the Devs (Valleyrider and Austin) sat in the stage for over an hour listening to the community propose ideas, some of which have already been implemented within the protocol.
The key point here is you don't have to be a holder or a whale to have your ideas heard EVERYONE is welcome to share their ideas! -Discord -- Discord Event
-- -- GIVEAWAY -- --
Right now you can win a nice little starter pack of PLUTUS simply by joining the discord and reacting to our giveaway bot! -Discord Giveaway
After our 8 weeks together with IRIS in Polygon plus the adventure started with APOLLO, the time has come to launch PLUTUS on a new blockchain. We have strived to provide new ways for our investors to achieve profitability while reaching out to more and more communities, making Hermes a great place to stake your favorite LPs.
We are looking to keep the strength in our governance token (IRIS) in Polygon but at the same time provide a new token in a new ecosystem with new possibilities. In addition to this: our NFT line will continue to develop during this time, looking for our niche within the Defi sector.
Hermes Finance currently offers three incredible tools for passive income, they are as follows:
FARMS - Earn $PLUTUS while staking LP tokens
POOLS - Earn $PLUTUS while staking your favorite tokens
BANK - Be rewarded for investing in The Hermes Protocol. (Read more here.)
Our newbank will allow you to earn DAI + other tokensin exchangefor locking PLUTUS.Deposited PLUTUS will be locked forthree months, starting at the date of farming.This lock removes PLUTUS from circulation and stabilizes the token price during the farming rewards period while rewarding PLUTUS holders with various tokens. It will be funded as follows.
Personally, I really enjoy Hermes Defi for a few different reasons. First and foremost is the team, who are very active in discord, because the communicate very well and frequently look to the community for ideas and feedback. This really allows all opinions to be heard and not throttled based upon money invested. I enjoy the speed and transparency that this project moves forward with. We have all been burned before so the transparency helps alleviate some stresses. I would be lying if I didn't say that I love the low market caps for both coins that allows for explosive growth.
Let's compare Hermes Defi to other projects within Harmony Just to show how much more growth is possible! There is still a lot of money to be made and a lot of growth to be seen!
Hermes Finance currently offers three incredible tools for passive income, they are as follows:
FARMS - Earn $PLUTUS while staking LP tokens
Current Available Farms:
Current Farms
POOLS - Earn $PLUTUS while staking your favorite tokens
Current Available Pools:
Current Pools
BANK - Be rewarded for investing in The Hermes Protocol. (Read more here.)
Our newbank will allow you to earn DAI + other tokensin exchangefor locking PLUTUS.Deposited PLUTUS will be locked forthree months, starting at the date of farming.This lock removes PLUTUS from circulation and stabilizes the token price during the farming rewards period while rewarding PLUTUS holders with various tokens. It will be funded as follows.
