In an unexpected twist of fate that would make even the most stoic philosopher chuckle, Hermetica has joined forces with Velar, orchestrating a melody of financial innovation that promises a delightful 5% annual yield for traders dealing in USDh, the Bitcoin-backed stablecoin. This mischief springs forth from Velar’s perpetual futures exchange on the illustrious Stacks network, like a whimsical breeze ruffling serious business suits.
Ah, Hermetica! The brave issuer of USDh, gallantly partnering with Velar to bestow upon traders this luscious yield, all while riding the tide of Bitcoin’s turbulent waves—without even getting their toes wet. A revelation indeed, worthy of a toast (or a cheeky eye-roll) as we sashay through the complexities of this endeavor!
Beneath this symphony, a new feature gleefully allows users to savor the benefits of yield while performing the delicate dance of leveraged Bitcoin trades. It’s like finding a comforting dessert at the bottom of a salad bowl—unexpected but utterly delightful.
Active collateral: A Revolutionary Concept!
With a flourish of a wand (or perhaps more accurately, pixels on a screen), this represents a tidal shift in how traders can wield their collateral. Traditionally, when stablecoins languish like uninvited guests at a dinner party, waiting idly as traders open leveraged positions, now they can earn a sparkling weekly yield. Yes, dear friends, it’s time to retire the concept of ‘idle time’—who needs it?
Earn 5% USDh yield while trading on @VelarBTC’s PerpDEX!
This is one of a kind in DeFi, trade Bitcoin with leverage while earning a passive yield. Now exclusively on the sBTC/USDh pair.
If you’re not in yet, what are you waiting for? 👀
— Hermetica (@HermeticaFi) April 10, 2025
Perpetual futures, those delightful crypto derivatives, let traders speculate about the elusive future price of Bitcoin, all without the daunting need to own that shimmering asset. Traders can ignite their ambitions, going long or short with leverage, amplifying potential gains and the occasional existential crisis. What could possibly go wrong?
Enter Velar PerpDEX, like a shimmering beacon in the mystifying world of Bitcoin’s DeFi landscape, bringing forth this daring trading approach via the Stacks network, which sprinkles a dash of smart contract magic atop Bitcoin’s stern façade.
USDh, a synthetic stablecoin cleverly peeking at the U.S. dollar, is backed by the ever-volatile Bitcoin, rather than the traditional fiat fortresses. Unlike the predictable nature of most stablecoins, USDh spins a tale of yield generation woven into its very fabric. Hermetica with pride claims it to be the first stablecoin to entertain this dance of yield in the Bitcoin-native DeFi realm.
In this new pickle of integration, the traders can now revel in the joy of capital wielding efficiency, earning passive income from stable collateral while engaging in the fervent chase of BTC, all the while luring more wanderers into this nascent, enchanting world of Bitcoin-based DeFi. A saga unfolding with every digital heartbeat!
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2025-04-10 17:21