Hermes Protocol is a yield and (Concentrated + Unified) liquidity marketplace on Metis chain. Hermes Protocol officially launched in February 2022 and started emissions in March 2022. Hermes allows liquidity providers to take decisions on adding new gauges, boosting gauge yields, voting on token emission, and receive bribes. Hermes Protocol allows low cost, near 0 slippage trades on uncorrelated or tightly correlated assets. The protocol incentivizes fees instead of liquidity. Liquidity providers (LPs) are given incentives in the form of HERMES.

HERMES token is a governance and utility token for Hermes that has recently released. All those who have participated in the Hermes pools will retroactively receive HERMES tokens.