Athena Finance

Benefits of Athena

Utility & Yield

Athena Finance allows Hummus Exchange tokenholders to earn significant yield on their HUM. This transforms HUM into a productive asset via our minted derivative token “xHUM”.
As it stands today, the primary utility for HUM is that it unlocks boosted rewards for staking on Hummus. Holders who stake their HUM on Hummus, receive the "vote escrowed" version of the token over time. The share of veHUM that a user owns is what increases the user’s staking rewards on Hummus. veHUM is also used to vote on the Hummus platform. While Hummus does not require you to lock up your HUM to receive their ve-token, the user benefits from leaving it staked/locked for as long as possible, since it accrues ve-power over time. Once a user unstakes any amount HUM, their ve-balance resets to 0.

What problem does Athena solve?

Athena Finance provides greater capital efficiency for Hummus Exchange users. Athena takes advantage of the Hummus Exchange's unique tokenomics to benefit different types of users.
Currently, the optimal way to interact with Hummus is to stake equal amounts of both HUM and stablecoins. Athena makes it so that users of either camp can benefit.
Users can stake HUM via our minted token, xHUM, to receive a share of Athena's protocol revenue and bonus ATH tokens.
Stablecoin holders can stake their stablecoins on Athena and earn boosted yield, without having to worry about staking HUM for veHUM. This is possible because of the veHUM Athena accumulates from HUM minting and staking forever.