Hermetica brings 5% yield to Bitcoin traders on Velar PerpDEX
Hermetica has teamed up with Velar to provide an annual yield of 5% to traders on the USDH of Stablecoin to support Bitcoin via the term exchange of Velar on batteries.
Hermetica, the Bitcoin issuer supported by Bitcoin stable USDH, has teamed up with Velar to offer an annual 5% return to traders using the perpetual term exchange of Velar on the Bitcoin Layer 2 network, Stacks (STX), according to a press release shared with Crypto.News.
The new feature allows users to gain a return on USDH while exchanging leverage Bitcoin (BTC) positions.
Active warranty
This marks a change in the way merchants can use their guarantee. As a rule, when the traders deposit stablescoins to open leverage positions on the long-term platforms, the guarantee is inactive.
From now on, users who negotiate on Velar Perrdex with the USDH can earn a weekly return on this guarantee, without having to accumulate or lock their funds elsewhere.
Perpetual term contracts are a type of crypto derivative which allows traders to speculate on the Future Bitcoin Prize without having the underlying asset. Traders can go for a long time or short using the lever effect, amplifying both gains and potential losses.
Velar Perdex brings this type of trading to the Bitcoin DEFI ecosystem via the Stacks network, which adds smart contract features in addition to Bitcoin.
The USDH is a synthetic stable coin set for the US dollar and supported by Bitcoin. Unlike most stablecoins, which are supported by traditional fiat reserves, the USDH is supported by BTC and designed to win the efficiency automatically. Hermetica says it is the first stablecoin to offer a yield in Bitcoin-Native Defi.
The new integration is designed to make capital more effective for traders. It offers a means of winning a passive income from the stable warranty while actively exchanging BTC, potentially attracting more users in the still emerging world of Bitcoin Defi.
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