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Note: the Smart Converter will be available on Athena in a future release.
Athena allows you to convert your HUM on our site to receive xHUM. You can then stake these on our site to earn rewards from our protocol revenue and aTH. Our smart converter routes intelligently to get you the best conversion rate. Instead of always minting our liquid wrapper tokens at a 1:1 ratio when converting, we will also buyback xHUM from our liquidity pools on Hermes. This ensures you are getting the best conversion rate for your tokens. The Smart Converter is utilized anytime the protocol would convert to make xHUM:
- Converting HUM
- Compounding yield rewards from your LPs
- Protocol revenue rewards for ATH lockers
The Smart Converter is programmed to make sure you always get at least 1 xHUM for your HUM token. If your conversion is larger than the LP would support only a portion will be bought and the rest will be minted. If the ratio of the pool is greater than 0.95:1 than the Smart Converter will not be used.