Hermetica, a Bitcoin-backed stablecoin issuer, has collaborated with Velar to launch a new product on Bitcoin L2 Stacks. This partnership aims to provide users with opportunities to earn yields on their assets.
Partnership between Hermetica and Velar
Hermetica and Velar have announced their partnership to launch a yield-generating stablecoin available to users on the Velar PerpDex platform. This collaboration enhances the opportunities for traders within the Bitcoin DeFi ecosystem.
Features of the New Product
Users can now trade Bitcoin perpetual contracts while simultaneously earning a 5% yield on their USDh collateral. This creates conditions for passive income while trading and increases capital efficiency.
Importance for the Bitcoin DeFi Ecosystem
The launch of the new product supports the growth of decentralized finance, enabling users to utilize their assets to generate additional income, which was previously unavailable in Bitcoin DeFi. This expands horizons for traders and creates new attractive opportunities.
The partnership between Hermetica and Velar represents a significant advance for Bitcoin traders, providing new tools for more effective asset management and passive income generation. This collaboration underscores the growing impact of DeFi in the cryptocurrency world.
