CandleFocus

USDh Set to Dominate Stacks as Hermetica Unveils New sBTC Yield Product

USDh Set to Dominate Stacks as Hermetica Unveils New sBTC Yield Product
Hermetica, a DeFi protocol on Bitcoin Layer 2 Stacks, is aiming to make its Bitcoin-backed stablecoin, USDh, the largest stablecoin on Stacks with a liquidity injection of $3 million. The platform has partnered with Zest Protocol to introduce a new sBTC yield product, allowing users to borrow USDh against their sBTC holdings and earn high yields. This initiative is expected to create unprecedented yield opportunities, with APYs projected to reach 40-50%. USDh has already been delivering significant returns, with an average APY of 18%. Hermetica's focus on scalability and innovative yield mechanisms is driving the broader adoption of Bitcoin-backed assets. With more details to be revealed in the coming weeks, Hermetica is positioning itself as a leader in the Bitcoin DeFi space.

Related News