Hermes V1
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Protocol TVL
About Hermes V1
Hermes is the first DEX that allows low cost, near 0 slippage trades on uncorrelated or tightly correlated assets. The protocol incentivizes fees instead of liquidity.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Hermes V1 codebase lineage and protocol family
Hermes V1 is published as a versioned release inside the Maia Dao Ecosystem protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.
Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.
Parent Protocol
Hermes V1 is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.
Maia Dao EcosystemHermes V1 Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Feb 10, 2022Listed on DeFiLlama
- Aug 20, 2024V2 Launch
- Aug 14, 2024V1 set to withdraw-only
- Oct 19, 2022Metis Grant
Protocol Profile
Hermes V1 is a DEX — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed on Metis. DeFiLlama tracks 3 historical events for this protocol since 2022.
TVL Distribution by Chain
Supported Chains
Official Resources & Links
Verified external resources for Hermes V1 — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other DEX protocols on Mantapex
Hermes V1 is one of 7 DEX protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Curve DEX, Uniswap V3, PancakeSwap AMM, and 3 more. These peer protocols collectively secure $8B in deposits, giving you a frame of reference for whether Hermes V1's own TVL is at the top, middle, or tail of the category.
Recent Hermes V1 news
Latest reporting from major crypto news outlets covering Hermes V1.
- Crypto Briefing
California regulators shut down Hermes Bitcoin ATMs over 14,000 violations
California's crackdown on Hermes Bitcoin ATMs underscores the critical need for stringent compliance in the burgeoning digital asset industry. California regulators shut down…
- Coinspeaker
Ethereum Flips Coca-Cola, Alibaba, and Hermes as Market Capitalization Soar Past $308 Billion
Ethereum added $700M in a week, pushing its market cap above Coca-Cola and Alibaba.
- CoinPedia
Pyth Network Price Feeds Go Down for Over Five Hours as DeFi Protocols Face Oracle Disruption
Pyth Network reported a significant outage on Thursday affecting its core price feeds and sponsored feeds, with the disruption running for more than five hours. The incident hit…
- Cryptopolitan
Heroes of Mavia (MAVIA) rallies after adding gaming features, signals Web3 games are still active
Heroes of Mavia (MAVIA) had an unexpected 375% pump out of nowhere. A short squeeze or speculative whales are a possible explanation as the ticker became the day's biggest gainer.
- CoinMarketCap
Heroes of Mavia Adjusts Token Unlock Schedule To Address Inflating Supply
Mobile strategy game Heroes of Mavia has made changes to its token unlock schedule in an effort to curb the rapid inflation of its Ethereum-based token.
- Invezz
Heroes of Mavia gains share in gaming ahead of a key update
Heroes of Mavia (MAVIA) token price has remained in a consolidation phase even after several important events in the ecosystem. The coin retreated to a low of $6.50 on Monday,…
- Decrypt
'Heroes of Mavia' Airdrops Token to 100,000 Gamers, Ethereum NFT Owners
After racking up over a million downloads in a matter of days, Skrice Studios has released the MAVIA token on Ethereum.
- Invezz
Why is the Web3 MMO strategy game Heroes of Mavia token soaring?
The Heroes of Mavia token (MAVIA) has catapulted from obscurity to the spotlight, surging by an impressive 78% in just 24 hours today. Trading at $0.6632 at press time, the MAVIA…
Related protocols
Other DeFi protocols connected to Hermes V1 by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Dexs protocols
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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