Athena, METIS, and Hummus
Athena Finance, as a yield optimizer, seeks to contribute to the success of the METIS ecosystem, Hummus Exchange, and their stakeholders. This article outlines the benefits Athena Finance can bring to each!
Benefits for METIS Ecosystem
- Stablecoins serve as the backbone of DeFi on any blockchain, allowing value to be stored without volatility. Athena Finance can attract funds from other blockchains to METIS by offering profitable yield farming opportunities, thereby increasing user count and on-chain TVL.
- The Athena Finance team comes with a wealth of building experience, Athena Finance will build on top of other protocols on METIS, increasing yield there and aggregating ve-power, further enhancing the overall ecosystem.
- Athena will build out other DeFi strategies like autocompounding, on top of other protocols, and grow the DeFi space on METIS.
Benefits for Hummus Exchange
Athena Finance will benefit Hummus Exchange in a symbiotic manner:
- By increasing TVL and simplifying user decisions
- Accumulating and locking HUM to raise APRs over time
- Encouraging future market making by LP providers
These factors will attract more liquidity providers and traders, accelerating growth.
Benefits for Stakeholders
Three types of stakeholders will interact with Athena Finance: HUM holders, Hummus LP token holders, and ATH holders (Athena’s native LP token).
- HUM Holders: HUM token holders can maximize their return on the HUM token by converting to and staking xHUM. Athena will pay out yield to xHUM stakers via the ATH token. xHUM stakers will also receive a large portion of Athena’s protocol revenue.
- Hummus LP Token Holders: Athena Finance enables LPs to benefit from veHUM boosting without having to own HUM themselves. Stablecoin stakers can benefit from boosted yield without the added volatility / accumulation period of generating veHUM.
- ATH Holders: Users can lock ATH, granting them voting power over the governance of Hummus via Athena’s veHUM. ATH holders also earn a share of protocol revenue.
Athena Finance is building a symbiotic relationship with Hummus Exchange, similar to the success of Curve and Convex. We’ll provide benefits to the overall METIS ecosystem, Hummus, and all stakeholders involved.
What’s Next?
Stay tuned to hear more about our protocol and upcoming public sale + launch. We look forward to working closely with Hummus and other protocols on METIS to become the ultimate yield-boosting protocol on METIS.
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