CandleFocus Bitcoin Layer 2 Stacks launches with a 35% all-time high annual yield by USDh
2024-12-09
Author: Content Editor
Stacks, a Bitcoin layer-2 scaling solution, has announced a 35% annual percentage yield for Hermetica's stablecoin USDh, setting a new record for the Stacks DeFi ecosystem. This yield is the highest ever for the Stacks ecosystem and is available through USDh. USDh, which is tied to Bitcoin, allows users to earn yield and transact in dollars without leaving the Bitcoin ecosystem. The stablecoin has accumulated a Total Value Locked of over $2.3 million, indicating strong demand. Stacks also announced the launch of features on the Velar DEX and updates on the ALEX Surge campaign.
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