Velar, a Bitcoin trading protocol, has partnered with stablecoin developer Hermetica to launch a USDh stable swap pool on Stacks' Bitcoin Layer 2. This collaboration aims to boost liquidity and yield opportunities within the Bitcoin DeFi ecosystem. Hermetica's USDh, a BTC-backed synthetic stablecoin, allows Bitcoin holders to earn up to 25% APR while staying within the Bitcoin environment. Velar’s liquidity technology ensures seamless high-volume trades, reinforcing Bitcoin's presence in decentralized finance. Both CEOs, Jakob Schillinger (Hermetica) and Mithil Thakor (Velar), highlighted this partnership as a major milestone for Bitcoin DeFi expansion.
9/27/2024 11:06:59 AM (GMT+1)
Velar and Hermetica are launching a USDh stablecoin pool on Stacks L2 for Bitcoin: up to 25% yield 💸 and deep liquidity for large trades 🔗
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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