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Hermetica

Hermetica Finance is a non-custodial structured products protocol for Bitcoin. Its vaults use automated options yield strategies to generate risk-adjusted yields on Bitcoin and stablecoins.

Seed Round: $1.7 Million

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Overview

Project industryFinance Services & Banking / DeFi / Bitcoin Ecosystem / Staking
Product typeTechnology
WhitepaperHermetica White Paper Open

What is Hermetica

Hermetica is the creator of USDh, the first Bitcoin-backed, yield-bearing synthetic dollar on Runes and Bitcoin L2s ; earn up to 25% on your dollars without leaving Bitcoin.

  • Bitcoin-backed: USDh is made up of Bitcoin
  • Synthetic dollar: USDh tracks the USD price using Bitcoin coupled with a short perpetual futures position
  • Yields up to 25%: Stake USDh, receive liquid sUSDh, start receiving rewards from funding payments immediately

USDh is a synthetic dollar with no banks, no fiat - just Bitcoin.

Details

Raised: 1,700,000 USD

Legal

Registration year: 2022

Token info

Ticker: USDh
Type: Stablecoin

Project team

Jakob Schillinger
Jakob Schillinger
Founder
Jakob Schillinger twitter

Social media

Hermetica web-siteHermetica MediumHermetica X (Twitter)Hermetica Discord

MVP

MVP URL

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