Oct 8, 2021
APOLLO launch with DFYN
Hermes Defi presents its new Layer (APOLLO) together with its closest partner DFYN & Router Protocol.
What is APOLLO?
APOLLO is the new Hermes Defi token that you will use during your Layer 2 at Polygon.
What is going on?
During the last 2 months Hermes Defi has been running through its IRIS token, as a reward for staking different tokens, after this time it has reached its maximum mint and Hermes is about to follow the project through APOLLO.
What is the difference between IRIS and APOLLO?
IRIS is the Hermes Defi governance token that investors will use to make decisions for our project and to decide what to do with the funds in the Hermes treasury.
APOLLO will be our Layer 2 token based on a triple profit system. You deposit your LP and get our godToken(1), then you deposit the godToken in our pools and get APOLLO(2) and finally you deposit APOLLO in our bank and earn stable(3).
How to get APOLLO?
Through a pre-sale in two rounds.
The first one will be 50% IRIS — 50% USDC with a 40% discount compared to the second one and also with whitelist option to increase your maximum purchase.
The second one will be 20% IRIS — 80% USDC.
The only requirement for the whitelist is to be part of our Holder Pantheon group.
All this process will be carried out from our website, there will be no AMM acting as an intermediary.
Do you get APOLLO directly?
No, in the pre-sale you get pAPOLLO that later you will exchange for APOLLO.
What can I do with my pAPOLLO?
We have developed a waiting room, where you can earn stable and DFYN token while the swap of pAPOLLO for APOLLO does not start, so you will earn dividends from the first moment.
What is the purpose of APOLLO?
APOLLO is intended to be a profitable asset in financial terms to our investors and to serve as an exchange currency for our final layer 3. So once its farming is finished it will be fully swapped for the new token.
I want to exchange my tokens from Hermes, how do I do it?
A DEX has been added through Zap Protocol in Hermes, where users will be able to exchange their tokens through DFYN without the need to leave the website, providing greater speed and convenience to all our investors.
What about IRIS?
IRIS will continue to be useful through the governance system and will be the token used in our new Marketplace that we will develop during this layer and as it has been during the last two months it will always have an active dividend pool in stable for keeping the token in your wallet.
Will buying a Hermes Heroe during L1 help?
Yes, during this Layer we have developed an exclusive pool for investors who own at least one Hermes Hero, the more Hermes Heroes you own, the more gifts you can get.
For more details see APOLLO documents:
https://hermes-defi.gitbook.io/apollo/
This time the collaboration will follow this timeline and will be based on the following aspects.
Sunday (10/10)
14.00 pm UTC
Whitelist opens
Monday
13.00 pm UTC
(AMA in the DFYN telegram group
3 Hermes Heroes will be given away to the best questions)
14.00 pm UTC
1st Round Opens
Waiting room
(DFYN reward pool opens)
Tuesday
14.00 pm UTC
Second Round Opens
Thursday
14.00 pm UTC
Add liquidity
(APOLLO / USDC liquidity in DFYN)
16.00 pm UTC
swap pAPOLLO for APOLLO
Friday
14.00 pm UTC
Start farming
(ROUTE / USDT vault added)
(DFYN / USDT vault added)
(Zap Protocol hosted on DFYN)
Waiting room ends
(DFYN reward pool ends)
Great times are ahead.
We will keep in touch.
