What is Athena Finance?
Welcome to Athena Finance, the next generation DeFi protocol designed to maximize yield and simplify the DeFi experience on the METIS network. We invite you to learn more about our platform, follow our Twitter, and join our Discord server to stay updated with our latest developments.
The Hummus Exchange
Athena Finance will build on the incredible work of the Hummus Exchange, the premiere stablecoin swap on the METIS network boasting over $10 million in Total Value Locked (TVL) and an incredible volume to TVL ratio. By providing single-sided liquidity for stablecoin trades on Hummus, LP depositors are able to get yield on their tokens and more easily manage which tokens they have exposure to. These same users are also able to reap the benefits of the ve-tokenomics inspired by Platypus Finance. Staking HUM tokens enables users to accumulate veHUM, which further boosts the rewards on their deposits.
METIS
The backbone of Hummus Exchange, the METIS Layer 2 (L2) network, is an advanced and scalable solution for blockchain transactions. With a plethora of innovative features and an ambitious roadmap, METIS is set to become a major player in the L2 space.
The Opportunity
The Hummus Exchange offers users remarkable opportunities, such as double-digit yields on stablecoins, enhanced rewards through HUM and veHUM staking, and single-sided liquidity provisioning. However, taking advantage of these opportunities also comes with some cost such as veHUM withdrawal penalties, illiquidity of staked HUM, capital allocation optimization, and exposure to HUM price volatility. That’s where Athena Finance comes into play — Athena aims to cut down these opportunity costs for users and maximize yield and efficiency for all parties.
Athena’s Goals
Athena Finance is committed to boosting yield on METIS, starting with Hummus. We’ll do so by utilizing the same experience we brought to Vector Finance on Avalanche:
- Build the largest HUM treasury for veHUM accumulation.
- Provide the highest possible yields through for depositors on Hummus.
- Simplify the yield farming process on Hummus.
- Expand to other DeFi protocols for boosting on METIS, using the same goals above.
How? By segmenting usage of Hummus between two types of users:
- Stablecoin depositors that want to earn the best yield possible without exposure to a volatile asset like HUM
- DeFi investors who are interested in exposure to HUM and earning great yield on their tokens
With Athena users will be able to convert HUM and stake it for immense rewards from our protocol fee. The veHUM Athena earns from doing so will be passed on to our stablecoin depositors, who will earn maximized HUM rewards without having to accrue veHUM themselves.
What’s Coming?
Athena is eager to deploy on the METIS network. We are targeting mid-May for our public sale of our ATH token to raise liquidity funds, followed by a launch shortly thereafter.
Join us on our journey to revolutionize the DeFi landscape on METIS with Athena Finance!
Stay connected and keep up with our progress through the following channels:
