Utility Token
Last updated
Last updated
Hera Token is the governance token of Hera ecosystem. Asides from voting, the token is used in many other areas in the ecosystem.
Hera Token lies at the core of the Hera ecosystem and directly impacts the entire protocol economy in a positive way. It's quite simple: The protocol generates revenue and shares it with its stakeholders like a next-generation dividend.
In certain periods Hera tokens are purchased from the market at the rate determined by the platform's revenue and VaultManager's recommendations. This is used to add liquidity on AMMs and exchanges, transfer to the market-maker wallet, or sent to Staking Portal as a reward to participants.
More Hera Tokens can be earned by staking. Rewards are funded by protocol revenue. Therefore, APY rates are variable.
Aggregator platform charges a fee for swap transactions. The current rate is 0.3% from input token. For people who stake Hera Token, swap fee rate decreases gradually according to the stake amount and HeraPower.
Proposals will be submitted to the community to make decisions concerning the platform. Hera Token holders have voting rights. Studies on a fair management structure continue.
