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

Whitepaper

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Interest lvl

NA

Updated: Oct 20, 2024

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User Rating

Medium

3/5 • 1 votes

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Ticker

USDh

Type

Stablecoin

Registration year2022

Ecosystems

Bitcoin

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.