Hemi users can access SBTC, STONE, and STONEBTC.

TL;DR: Hemi and StakeStone are bringing StakeStone’s suite of products to the Hemi Network. Users on Hemi will be able to access SBTC, STONE, and STONEBTC, utilizing the assets across Hemi’s ecosystem of applications.

____________________________________________________________________________

Hemi is pleased to welcome StakeStone to the ecosystem. StakeStone is an omnichain liquidity infrastructure that offers yield-bearing versions of ETH and BTC and also an index BTC. Three different StakeStone assets will be available and incentivized on Hemi:

• SBTC: SBTC is a liquid, index BTC designed to enhance the usability of wrapped custodial BTC derivatives by leveraging its inherent redemption liquidity to provide robust omnichain liquidity. It can currently be minted using BTC, BTCB, WBTC, FBTC, and NBTC.
• STONE: A yield-bearing liquid ETH token backed by staked ETH, naturally yielding 3-4%. Holders can compound yields through various looping strategies on Hemi.
• STONEBTC: A yield-bearing BTC derivative minted and redeemed using SBTC or LBTC. It generates yield by deploying deposited assets into StakeStone’s strategy vaults, which tap into sustainable yield opportunities across DeFi, CeDeFi, and RWAs.

Hemi users will be able to farm Hemi points, provide liquidity, trade, lend, borrow, stake, and more with SBTC, STONE, and STONEBTC. Since StakeStone’s assets are LayerZero OFTs, they can be seamlessly bridged to Hemi, ensuring interoperability.

This collaboration not only enhances liquidity and yield opportunities but also prioritizes security and transparency, allowing Hemi users to engage with StakeStone’s assets. Additionally, both Hemi and StakeStone share a common lead investor in YZi Labs, reinforcing their strategic alignment and shared vision of unifying assets across Bitcoin and Ethereum.