The post Hermetica Introduces 5% USDh Yield for Traders Utilizing Velar PerpDEX appeared on BitcoinEthereumNews.com.

Press Releases are sponsored content and not a part of Finbold’s editorial content. For a full disclaimer, please . Crypto assets/products can be highly risky. Never invest unless you’re prepared to lose all the money you invest. Panama City, Panama, April 10th, 2025, Chainwire Hermetica, the Bitcoin-backed stablecoin issuer has announced that it has partnered with Velar on Bitcoin L2 Stacks to introduce stablecoin yield for users of Velar’s PerpDex. The initiative means that for the first time users can trade Bitcoin perpetual futures while earning 5% yield on their USDh collateral. Velar PerpDex supports leveraged futures trading on Bitcoin Layer 2 networks including Stacks. The introduction of yield generation for USDh holders provides an opportunity for traders to grow their digital assets while trading BTC. USDh yield is automatically earned on Velar on a weekly basis, providing passive income for users while engaging in leveraged Bitcoin futures trading. The launch of USDh yield on Velar PerpDex supports greater capital efficiency, enabling users to fully utilize their collateral to generate additional returns. In the process, it expands the range of opportunities now available within Bitcoin’s growing DeFi ecosystem. Jakob Schillinger, CEO of Hermetica, added: “USDh is the only stablecoin that gives Bitcoin traders the chance to earn yield while going long Bitcoin. By providing a 5% yield on collateral, we’re opening up a new opportunity for Bitcoin-native finance, where users trade while earning a passive income, a feature never seen before in Bitcoin-native DeFi.” Mithil Thakore, CEO of Velar, said: “Launching the first Bitcoin-native PerpDEX with the sBTC/USDh pair is a huge step for Bitcoin DeFi. With USDh, not only do traders get a new way to trade with leverage, but they can also earn 5% yield on their collateral, making this a completely new and innovative experience in Bitcoin…

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Filed under: News - @ April 10, 2025 2:21 pm