Hermetica, the developer of USDh, a stablecoin built on Bitcoin layer 2 Stacks, has partnered with Bitcoin lending protocol Zest to inject $3 million in liquidity. This collaboration aims to offer yield on USDh through lending against sBTC, a bitcoin-backed bridging asset. The move is projected to create a short-term window of higher yields, potentially reaching 50% APY.
USDh developers Hermetica, a stablecoin built on Bitcoin layer 2 Stacks , have completed a deal to bring around $3 million in liquidity to the token.
The initial liquidity boost could create a short-term window of higher yields, Hermetica said, with its projections as high as 50% APY. The two plan to offer yield on USDh through lending against sBTC, the bitcoin-backed bridging asset that users can use to put their bitcoin wealth in the Stacks ecosystem.
Usdh Stablecoin Stacks Defi Liquidity
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