Hermetica and Velar Team Up for 5% Yield on USDh Stablecoin
Hermetica has joined forces with Velar to offer a 5% annual yield on the Bitcoin-backed stablecoin, USDh. This new feature is available through Velar’s perpetual futures exchange on the Stacks network.
Traders can now earn while they trade. Typically, collateral remains idle when traders open leveraged positions. But with this partnership, users can earn a weekly yield on their usdh collateral. No need to stake or lock funds elsewhere.
usdh is a unique stablecoin. Its pegged to the U.S. dollar and backed by Bitcoin. Unlike traditional stablecoins, USDh earns yield automatically. This makes it the first of its kind in Bitcoin-native DeFi.
Perpetual futures let you speculate on Bitcoin’s future price without owning it. you can go long or short with leverage. This integration aims to make capital use more efficient. It allows traders to earn while trading.
Velar PerpDEX brings this trading to Bitcoin’s DeFi ecosystem via the Stacks network. It adds smart contract functionality on top of Bitcoin.
USDh is a synthetic stablecoin. It’s pegged to the U.S. dollar and backed by Bitcoin. Hermetica claims it’s the first stablecoin to offer yield in Bitcoin-native DeFi.
This partnership could attract more users to Bitcoin-based DeFi. It offers a way to earn passive income while actively trading BTC.
- Earn 5% annual yield on USDh
- Trade leveraged Bitcoin positions
- Collateral remains active, not idle
