Hercules
  • 👋Overview
    • 💱DeFi & AMMs
  • 🥅The Goal
  • 👍Community Verified Project
  • 🔗Official Links
  • 🐣Getting Started
    • ⛓️Metis Network Basics
    • 🦊Creating a MetaMask Wallet
    • 🌉Bridging To and From Metis
      • 🔁Using Hercules Bridge Integrations
      • 🌿Using the Official Metis Bridge
      • 🙂Using a Third-Party Bridge Provider
    • 🏛️Hercules Guide
      • Token Swap Tutorial
      • Add Liquidity (V2)
      • Add Liquidity (V3)
      • spNFT Position Guide
      • Participate in Launchpad Sales
      • xTORCH Dashboard Guide
      • Using xTORCH For Plugins
      • xMETIS Guide
      • Cross-Chain Swap Tutorial
      • Creating a Nitro Pool
    • ❓FAQ
      • V3, Liquidity, and Yield farming
      • TORCH / xTORCH / Plugins
      • spNFT
      • Nitro Pools
      • Launchpad
      • Understanding Impermanent Loss
      • Stable Pools Explained
      • Direct Token Swap Link
  • PROTOCOL
    • 🤝Automated Market Maker
      • AMM v2
      • AMM v3
    • 💎Staked Positions (spNFT)
    • ☄️Nitro Pools
      • Staking
      • Requirements
      • Specifications
    • 🔌xTORCH Plugins
      • 🤑Dividends Plugin
      • 🆙Yield Booster Plugin
      • 🚀Launchpad Plugin
  • TOKENOMICS
    • 🪙TORCH Token
    • 🔒xTORCH Token
      • How to Use xTORCH
      • 🔁Conversion & Redemption
    • 🌿xMETIS Token
    • 📊Token Distribution
    • 💰Protocol Earnings
    • 🔥Deflationary Mechanisms
  • CONTRACTS
    • Router Aggregator
    • Limit Order
    • AMM V2
    • AMM V3
    • Yield Farming
    • Tokens
    • xTORCH Plugins
    • Utilities
  • RESOURCES
    • Third-Party Integrations
    • Media Kit
    • Terms of Use
    • Launchpad Terms & Conditions
    • Hercules Privacy
    • Grants
    • Security Measures
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  1. TOKENOMICS

Token Distribution

PreviousxMETIS TokenNextProtocol Earnings

Last updated 1 year ago

Genesis Pools

  • 12% to Fair Launch distributed upfront (5% xTORCH and 10% TORCH).

  • 7.5% to Protocol Owned Liquidity.

  • 5% Genesis (Nitro) Pools distributed linearly over 4 months as xTORCH, of which:

    • 3.5% to bootstrap protocol TVL.

    • 1.5% to Genesis Boost, further onboarding TVL with new pools.

TORCH Vesting Schedule

The supply will be released over a total of 3 years in both TORCH (in blue) and xTORCH (in green).

The initial TORCH and xTORCH float is 23% and 8.8%, respectively.

Each category has the following vests:

  • Core Contributors: 4 month cliff + 32 month linear vest.

  • Fair Launch: ⅔ TORCH, ⅓ xTORCH.

  • Liquidity Mining: 20% TORCH, 80% xTORCH vested over 3 years.

  • Protocol Owned Liquidity: Unlocked Upfront in TORCH.

  • Ecosystem: 36 month linear vest.

  • Advisors: 36 month linear vest in xTORCH.

  • Genesis Pools: distributed linearly over 4 months in xTORCH.

  • Partnerships: 6 month cliff + 24 month linear vest in xTORCH.

  • Camelot DAO: 2.5% unlocked upfront in xTORCH, 5% vested linearly from month 7 to 19 in xTORCH.

  • Hercules DAO: 1.3% unlocked upfront in xTORCH.

Genesis Liquidity Mining Program

Liquidity mining emissions

Hercules will release 20% of liquidity incentives emissions in TORCH and 80% in xTORCH.

The ratio earned may differ by pool and the exact emissions rate will respond to demand but target the rate in the release schedule graph.

Both native and riskier pools will generally earn a higher percentage of TORCH vs xTORCH.

Partnerships

All partnerships will vest over a 2-year time horizon in xTORCH with a 6-month cliff.

Partnership allocations will go towards protocols that integrate with Hercules.

Olympic Circle

Protocols that join Hercules' Olympic Circle will form the foundation for a long-term relationship, closely aligning our shared vision of growing the Metis ecosystem.

Hercules began opening its Genesis Pools on April 1, 2024. Depositors in these linearly earn emissions in xTORCH for about 4 months.

Most partners will serve as initial launch partners and have their tokens featured in the Genesis as being part of the Hercules' Olympic Circle.

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Pools
Nitro Pools