1) The $Metis ecosystem TVL is rising and one of its leading dex is rebounding strongly.
Can this dex pave the way forward to a bigger and better ecosystem?
Let's find out 🧵👇
@hummusdefi $hum
2) $HUM is a proven single-side and decentralized AMM designed for exchanging stablecoins on $METIS.
Users can swap stablecoins on Hummus with extremely low slippage and fees.
They can also stake stablecoins to generate yield, and stake HUM tokens to boost that yield.
3) $HUM is the first and only dedicated stableswap on Metis.
There are several advantages over traditional swap protocols:
• No impermanent loss.
• Single-side liquidity provision.
• Ultra low slippage.
• Minimal fees.
• High capital efficiency.
• Easy scalability.
4) ⭐ Evolution of $HUM
Four months after the official launch, #Hummus started sharing swap fees with liquidity providers.
That time, they also integrated #chainlink price feeds on $METIS.
$HUM was chosen by #Metis to be the second recipient of the Metis incentive rewards.
5) They reworked the "veHUM UI" to improve utility and community.
Last November they lowered swap fees to promote balance across the stablecoins coverage ratios.
Soon, they will introduce voting gauges, a bribing mechanism and launch $HUM time-locking.
6) After receiving a grant of 54k $METIS tokens (2.1m dollars back then) $HUM continues to collaborate with $Metis.
This strategic partnership allows #Metis users to swap in and out of their favorite stables with extraordinarily low slippage.
7) #Hummus has remained the top TVL protocol on $Metis for months.
It's also worth noting that $HUM is a low cap project with a TVL that is MUCH higher than its own market cap.
History has shown us these usually do quite well.
52% of its circulating supply is also staked.
8) ⭐ Conclusion
As the demand for the $METIS ecosystem grows so will the demand for $HUM grow.
It's already placed nr. 1 in the TVL ranking according to @DefiLlama.
Excited to see where this whole ecosystem is headed 🔥
Nova out ❤️
I hope you've found this thread helpful.
Follow me @CryptoGirlNova for more.
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