CRYPTO MARKET INTELLIGENCE / ASSET DOSSIER

Hermes Protocol.

hermes · coingecko:hermes-protocol

EVIDENCE · NOT A RECOMMENDATION
This dossier explains why the asset surfaced, what the stored evidence says, what changed, and which limitations remain. Deterministic signals are research questions, not investment conclusions.
Price$0.000177
Market cap$28,419.00
Active signals1
Total / circulating3.97×
Longest active streak6
Snapshots compared6

Why it surfaced

high dilution

Total supply is high relative to circulating supply

Current streak: 6 snapshots · triggered 6/6 observed snapshots

What changed

high dilution
continuing · streak 6 · 6/6 snapshots

Latest fundamental observations

MetricPeriodValueObserved
fees24h$0.002026-10-18T04:35:58.074Z
fees30d$16.012026-10-18T04:35:58.074Z
fees7d$0.002026-10-18T04:35:58.074Z
holders revenue24h$0.002026-10-18T04:36:12.168Z
holders revenue30d$16.012026-10-18T04:36:12.168Z
holders revenue7d$0.002026-10-18T04:36:12.168Z
revenue24h$0.002026-10-18T04:36:00.033Z
revenue30d$16.012026-10-18T04:36:00.033Z
revenue7d$0.002026-10-18T04:36:00.033Z
tvlpoint in time$4,623.762026-10-18T04:35:46.584Z

Historical changes

MetricWindowChangeBoundary
fees usd:30d7d-19.87%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
holders revenue usd:30d7d-19.87%2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z
market cap usd:point in time7d7.46%2026-09-28T01:22:30.000Z → 2026-10-04T21:02:10.000Z
revenue usd:30d7d-19.87%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
tvl usd:point in time7d-13.56%2026-10-11T04:49:10.103Z → 2026-10-18T04:35:46.584Z

Market snapshot

Circulating supply
160.24M
Total supply
635.77M
Max supply
—
Provider updated
2026-10-04T21:02:10.000Z

Evidence coverage

Verified/provider links
1
Stored fundamental observations
60
Calculated history rows
5
Signal comparison
prior snapshot

Evidence synthesis

Generate or open a cached AI research brief constrained to this dossier's stored evidence, calculations, and limitations.

Open AI research brief

Rule evaluations

revenue growth declining multiple · excluded · no signal

Insufficient actual 30-day revenue or market-cap history

Limits: No observation within 2 days of the 30-day boundary · No observation within 2 days of the 30-day boundary

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

activity growth stagnant market cap · excluded · no signal

Insufficient actual 30-day activity or market-cap history

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

improving tokenholder value capture · excluded · no signal

No observations

Limits: Requires holders revenue and fees at both boundaries

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

peer valuation difference · excluded · no signal

Missing revenue, market capitalization, or a peer-group median

Limits: Peer groups require a shared canonical sector and at least three eligible assets

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

fundamental deterioration · excluded · no signal

Insufficient actual 30-day fundamental history

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

high dilution · included · signal

Total supply is high relative to circulating supply

Limits: Supply fields are provider-reported and do not describe unlock timing

Inputs and calculation
{
  "inputs": {
    "circulatingSupply": 160238009.0589162,
    "totalSupply": 635767381.2274517
  },
  "calculation": {
    "totalToCirculatingRatio": 3.967644037524787
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

data quality investigation · included · no signal

No provider identity conflict detected

Inputs and calculation
{
  "inputs": {
    "identityConflict": false
  },
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

Provenance and raw evidence

Classification evidence
[
  {
    "assetId": "coingecko:hermes-protocol",
    "kind": "sector",
    "value": "yield_protocols",
    "status": "classified",
    "reason": "Canonical mapping from DeFiLlama category Yield",
    "sourceProvider": "defillama",
    "sourceRecord": "5472",
    "observedAt": "2026-10-18T04:35:46.584Z"
  },
  {
    "assetId": "coingecko:hermes-protocol",
    "kind": "asset_type",
    "value": "protocol_token",
    "status": "classified",
    "reason": "Canonical type mapping from DeFiLlama category Yield",
    "sourceProvider": "defillama",
    "sourceRecord": "5472",
    "observedAt": "2026-10-18T04:35:46.584Z"
  }
]
Identity relationships
[
  {
    "assetId": "coingecko:hermes-protocol",
    "protocolId": "5472",
    "protocolSlug": "hermes-v2",
    "method": "gecko_id_and_chain_contract",
    "evidence": "DeFiLlama gecko_id=hermes-protocol; DeFiLlama address=arbitrum:0x45940000009600102A1c002F0097C4A500fa00AB; CoinGecko platforms.arbitrum-one=0x45940000009600102A1c002F0097C4A500fa00AB",
    "status": "verified_provider_relationship"
  }
]
Research statuses
[
  {
    "assetId": "coingecko:hermes-protocol",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "analyzable",
    "method": "global",
    "reason": "At least one deterministic screening method is eligible"
  },
  {
    "assetId": "coingecko:hermes-protocol",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "insufficient_historical_data",
    "method": "global",
    "reason": "One or more historical methods lack actual boundary observations"
  },
  {
    "assetId": "coingecko:hermes-protocol",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "revenue_growth_declining_multiple",
    "reason": "Insufficient actual 30-day revenue or market-cap history"
  },
  {
    "assetId": "coingecko:hermes-protocol",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "activity_growth_stagnant_market_cap",
    "reason": "Insufficient actual 30-day activity or market-cap history"
  },
  {
    "assetId": "coingecko:hermes-protocol",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "improving_tokenholder_value_capture",
    "reason": "No observations"
  },
  {
    "assetId": "coingecko:hermes-protocol",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "peer_valuation_difference",
    "reason": "Missing revenue, market capitalization, or a peer-group median"
  },
  {
    "assetId": "coingecko:hermes-protocol",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "fundamental_deterioration",
    "reason": "Insufficient actual 30-day fundamental history"
  },
  {
    "assetId": "coingecko:hermes-protocol",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "requires_manual_investigation",
    "method": "global",
    "reason": "At least one deterministic research signal triggered"
  }
]
Human review decisions
[]
Full fundamental evidence
[
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:3771",
    "protocolId": "5472",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-22T21:51:30.762Z",
    "value": 6717.713614248428,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:9567",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 0.01,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:9568",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 3.97,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:9569",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 142.59999999999997,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:16431",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 0.01,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:16432",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 3.97,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:16433",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 142.59999999999997,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:21847",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 0.01,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:21848",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 3.97,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:21849",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 142.59999999999997,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:3789",
    "protocolId": "5472",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-24T00:45:17.400Z",
    "value": 6379.278087266418,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:9575",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 0,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:9576",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 3.98,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:9577",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 142.60999999999996,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:16442",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 0,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:16443",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 3.98,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:16444",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 142.60999999999996,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:21867",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:24.661Z",
    "value": 0,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:21868",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-24T00:45:24.661Z",
    "value": 3.98,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:21869",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:24.661Z",
    "value": 142.60999999999996,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:3951",
    "protocolId": "5472",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-28T02:01:00.253Z",
    "value": 4464.607476956663,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:9608",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 0,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:9609",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 10.01,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:9610",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 109.43,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:16591",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-28T02:01:05.968Z",
    "value": 0,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:16592",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-28T02:01:05.968Z",
    "value": 10.01,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:16593",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-28T02:01:05.968Z",
    "value": 109.43,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:22129",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-28T02:01:07.697Z",
    "value": 0,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:22130",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-28T02:01:07.697Z",
    "value": 10.01,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:22131",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-28T02:01:07.697Z",
    "value": 109.43,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:4108",
    "protocolId": "5472",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-10-06T16:53:29.731Z",
    "value": 2873.616452682747,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:9687",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-10-06T16:53:35.959Z",
    "value": 0,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:9688",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-10-06T16:53:35.959Z",
    "value": 6,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:9689",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-10-06T16:53:35.959Z",
    "value": 25.65,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:16840",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-10-06T16:53:37.853Z",
    "value": 0,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:16841",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-10-06T16:53:37.853Z",
    "value": 6,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:16842",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-10-06T16:53:37.853Z",
    "value": 25.65,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:22548",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-10-06T16:53:43.735Z",
    "value": 0,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:22549",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-10-06T16:53:43.735Z",
    "value": 6,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:22550",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-10-06T16:53:43.735Z",
    "value": 25.65,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:3894",
    "protocolId": "5472",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "value": 5349.304223409317,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:9714",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-10-11T04:49:24.915Z",
    "value": 0,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:9715",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-10-11T04:49:24.915Z",
    "value": 0,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:9716",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-10-11T04:49:24.915Z",
    "value": 19.98,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:17309",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-10-11T04:49:28.176Z",
    "value": 0,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:17310",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-10-11T04:49:28.176Z",
    "value": 0,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:17311",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-10-11T04:49:28.176Z",
    "value": 19.98,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:23463",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-10-11T04:49:36.133Z",
    "value": 0,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:23464",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-10-11T04:49:36.133Z",
    "value": 0,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:23465",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-10-11T04:49:36.133Z",
    "value": 19.98,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:3789",
    "protocolId": "5472",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "value": 4623.755056705473,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:8934",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-10-18T04:35:58.074Z",
    "value": 0,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:8935",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-10-18T04:35:58.074Z",
    "value": 0,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:8936",
    "protocolId": "5472",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-10-18T04:35:58.074Z",
    "value": 16.01,
    "unit": "USD",
    "definition": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:16618",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-10-18T04:36:00.033Z",
    "value": 0,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:16619",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-10-18T04:36:00.033Z",
    "value": 0,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:16620",
    "protocolId": "5472",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-10-18T04:36:00.033Z",
    "value": 16.01,
    "unit": "USD",
    "definition": "100% of fees distributed to governance token holders are revenue.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:22874",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-10-18T04:36:12.168Z",
    "value": 0,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:22875",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-10-18T04:36:12.168Z",
    "value": 0,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:22876",
    "protocolId": "5472",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-10-18T04:36:12.168Z",
    "value": 16.01,
    "unit": "USD",
    "definition": "100% of fees and bribes distributed to governance token holders",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Pays management + performance fees",
      "Fees": "All token transfers into MultiRewardsDepot contracts originating from pools and bribes",
      "Revenue": "100% of fees distributed to governance token holders are revenue.",
      "ProtocolRevenue": "0 - Protocol earns via HERMES emissions DAO share",
      "SupplySideRevenue": "0 - LPs earn via HERMES emissions",
      "HoldersRevenue": "100% of fees and bribes distributed to governance token holders"
    }
  }
]