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Hermes Protocol

Hermes is a DEX that allows low cost, near 0 slippage trades on uncorrelated or tightly correlated assets. The protocol incentivizes fees instead of liquidity.

ProtocolArbitrumbHermes-Votes
Quiet46out of 100

as of 19 October 2026

Verdict

Quieter than it was: decisions are still being made, but less often than over the past year.

Key figures

Total treasury
$0
DefiLlama · 19 Oct 2026
Held in own token
—
DefiLlama · 19 Oct 2026
Proposals (90 days)
1
Snapshot · 19 Oct 2026
Proposals reaching quorum
70%
Snapshot · 19 Oct 2026
Distinct voters
5
Snapshot · 19 Oct 2026
Days since last decision
36
Snapshot · 19 Oct 2026

Health breakdown

Activity

30% of the score31

Activity has slowed: 1 proposals in the last 90 days, against 10 over the year.

Snapshot

Participation

30% of the score82

The typical proposal cleared its quorum, and 70% of recent proposals reached it.

Snapshot

Treasury diversification

20% of the scoreExcluded from the score

This sub-score could not be computed, so the remaining weights were adjusted to add up to 100%.

DefiLlama

Vote decentralization

20% of the score15

Only 5 addresses voted across the last three settled proposals.

Snapshot

What moved the score

  • Participation82
  • Vote decentralization15
  • Activity31

What changed

Nothing has changed in the last 30 days.

Treasury

No treasury has been found for this organization. Its score is computed from governance alone.

Governance activity

Proposals per month

Text version of this chart
Proposals per month
2025-129
2026-091

Health score over the last year

Text version of this chart
Health score over the last year
DateValue
1 Sept 202632
2 Sept 202632
3 Sept 202632
4 Sept 202632
5 Sept 202632
6 Sept 202632
7 Sept 202632
8 Sept 202632
9 Sept 202632
10 Sept 202632
11 Sept 202632
12 Sept 202632
13 Sept 202644
14 Sept 202644
15 Sept 202644
16 Sept 202646
17 Sept 202646
18 Sept 202646
19 Sept 202646
20 Sept 202646
21 Sept 202646
22 Sept 202646
23 Sept 202646
24 Sept 202646
25 Sept 202646
1 Oct 202646
2 Oct 202646
3 Oct 202646
4 Oct 202646
5 Oct 202646
6 Oct 202646
7 Oct 202646
8 Oct 202646
9 Oct 202646
10 Oct 202646
11 Oct 202646
12 Oct 202646
13 Oct 202646
14 Oct 202646
15 Oct 202646
16 Oct 202646
17 Oct 202646
18 Oct 202646
19 Oct 202646

Recent proposals

  1. [HIP-53] Pausing Emissions

    12 Sept 2026
    Off-chain voteClosedProposals reaching quorum: 100%View the original

  2. [HIP-52] Increase Minimum Width for ynRWAx Gauge to Maximize Arbitrum TVL

    26 Dec 2025
    Off-chain voteClosedProposals reaching quorum: 100%View the original

  3. [HIP-50] Deprecation of Ulysses Gauges (Batch 4)

    26 Dec 2025
    Off-chain voteClosedProposals reaching quorum: 100%View the original

  4. [HIP-50] Deprecation of Ulysses Gauges (Batch 3)

    26 Dec 2025
    Off-chain voteClosedProposals reaching quorum: 100%View the original

  5. [HIP-49] Deprecation of Ulysses Gauges (Batch 2)

    26 Dec 2025
    Off-chain voteClosedProposals reaching quorum: 100%View the original

  6. [HIP-48] Deprecation of Ulysses Gauges (Batch 1)

    26 Dec 2025
    Off-chain voteClosedProposals reaching quorum: 100%View the original

  7. [HIP-50] Deprecation of Ulysses Gauges (Batch 3)

    18 Dec 2025
    Off-chain voteQuorum not metProposals reaching quorum: 0.0%View the original

  8. [HIP-49] Deprecation of Ulysses Gauges (Batch 2)

    18 Dec 2025
    Off-chain voteQuorum not metProposals reaching quorum: 0.0%View the original

  9. [HIP-48] Deprecation of Ulysses Gauges (Batch 1)

    18 Dec 2025
    Off-chain voteQuorum not metProposals reaching quorum: 0.0%View the original

  10. [HIP-47] Approve ynRWAx Gauge

    4 Dec 2025
    Off-chain voteClosedProposals reaching quorum: 100%View the original

Participation and power

Top voters in recent votes

  1. 10x9572…B37451%
  2. 20x5f20…c01137%
  3. 30x892e…38407.6%
  4. 40xe116…BEC52.8%
  5. 50x7e9d…604e2.1%

Addresses are shown as the source publishes them. daohaus.com makes no attempt to identify the people behind them.

Snapshot · 19 Oct 2026

Sources and verification

Every figure on this page was read from one of these. Each row links to the page a person can check.

SourceReadWhen
SnapshotProposals and votes19 Oct 2026, 03:02 UTC
SnapshotVoting power by address19 Oct 2026, 03:02 UTC
DefiLlamaTreasury composition19 Oct 2026, 03:02 UTC

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