Athena Finance: Disrupting DeFi with Innovative Solutions on the METIS Andromeda

Athena Finance integrates with Hummus Exchange on the METIS blockchain. The platform allows users to earn boosted yields on their Hummus deposits regardless of whether they own any HUM or veHUM tokens.

Athena achieves this by aggregating HUM from users who convert their HUM on the platform. By doing so, it unlocks utility for the HUM token, as users who convert their HUM into xHUM receive a portion of the yield generated by the protocol. This leads to better capital efficiency and a more diverse Hummus user base.

Athena’s native token, ATH, shares a 30% share of the protocol’s revenue and unlocks voting power from HUM holders who may not be as concerned about governance. Athena’s tokens are rewarded to xHUM stakeholders and liquidity providers.

The team behind Athena Finance is the same team behind Vector Finance. It allows Hummus Exchange token holders to earn significant yield on their HUM, transforming it into a productive asset via the minted derivative token “xHUM”.

Athena Finance allows different types of users to take advantage of Hummus Exchange’s unique tokenomics for capital efficiency. Users can stake HUM via xHUM to receive a share of Athena’s protocol revenue and bonus ATH tokens. In addition, stablecoin holders can stake their stablecoins on Athena for boosted yields without having to stake HUM for veHUM.

ATH has three primary use cases:

1. ATH Lockers receive a portion of Athena’s protocol fees (~30% of all fees) and are eligible to vote for Hummus based on Athena’s accumulated veHUM balance. Locking ATH requires a minimum commitment of 4 weeks.
2. To receive an incentive for emitting ATH tokens, holders can supply ATH-METIS LP.
3. Eventually, decentralized governance will be established, with ATH emission weighting and bonus emissions determined by the community.

To obtain ATH tokens:

1. ATH will be available for purchase during the protocol’s public sale.
2. ATH can be purchased on Hermes.
3. ATH is rewarded to xHUM stakers.
4. ATH is distributed to xHUM-HUM and ATH-METIS liquidity providers who stake their LP tokens on the Athena platform.
5. ATH will be airdropped to LVTX holders.

CVP Proposal for Athena Finance

Snapshot voting for Athena Finance is open! Cast your vote now!

🔗. https://snapshot.org/#/metislayer2.eth/proposal/0xf5a364c603bb96adc4a34c634f48bb43a9db8acd569c7586d89c4c33d3daba9b

Read more about the Athena Finance Candidec proposal:

🔗. https://candidac.org/t/cvp-proposal-athena-finance/621

In conclusion, Athena Finance, with the support of Vector Finance, has the potential to significantly impact the DeFi landscape within METIS. There are many features and strategies in the protocol designed to improve the DeFi experience for users. With a focus on security, innovation, and community-driven governance, Athena Finance fills a critical gap in the METIS ecosystem, allowing for greater capital efficiency and greater user engagement. With its community-verified status, Athena Finance’s presence on the METIS network will undoubtedly contribute to a stronger, more secure, and more flourishing DeFi ecosystem.

Here you can Learn more about the Athena Finance:

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