Spectra integrates with Hemi, launches upgraded AMM for Bitcoin yield products

Last week’s Midweek with Max brought big news from Spectra. Absolute Unit, one of the project’s leads, joined the call to confirm that Spectra is now live on Hemi. This makes Spectra the first repeat guest on the series, but more importantly, it marks the first deployment of their upgraded AMM on any chain.

The new AMM is designed for fixed-yield assets like principal tokens (PTs) and yield tokens (YTs). It introduces a structural change that prices these tokens based on yield instead of price, which improves slippage and makes fixed-rate instruments more efficient as they approach maturity. Spectra’s system is built on top of Curve’s CryptoSwap design and has attracted attention from Curve core contributors, some of whom are now considering incorporating pieces of the Spectra math into Curve itself. Four new pools are already planned for launch on Hemi, focused initially on Bitcoin derivatives with stablecoin and LRT pairs to follow.

Absolute Unit also previewed some of his own test results using the new pool mechanics. With a modest amount of capital, he landed in the top 100 across six protocols, highlighting how Spectra’s design can be a useful tool for more competitive, capital-efficient trading.

Max followed with an engineering update. The Pectra upgrade is the main focus, which brings features from the Ethereum world—including account abstraction and social recovery—to Hemi. This also includes reworking Hemi’s network architecture to make it easier to run individual pieces of the stack, a move that will support use cases like local PopMiner nodes. Development continues on tunnel upgrades for BitVM integration as well.

The token generation event (TGE) remains in planning. Market conditions are improving, but no launch date has been announced. The team is coordinating listings, liquidity provisioning, and other logistics behind the scenes. The Open Season NFT remains transferable and is not soulbound, while the only soulbound NFTs on Hemi today are related to Deimos.

Phil closed with updates on upcoming events and marketing efforts. Hemi is a lead sponsor of a side event during Token2049 Dubai, where the team will host an unconference session. Work continues on KOL partnerships and expanding Hemi’s visibility. TVL on Hemi is now ranked #9 among EVM chains, only two and a half months after launch, which Phil noted was achieved without compromising the project’s core values or approach.

Community questions covered LP points visibility, NFT roles, SegWit support for PopMiner, and how to join the Builders channel. The team reiterated that building on Hemi is open to anyone and encouraged community members to propose ideas, report bugs, and contribute to the codebase. Several members joined the live karaoke at the end of the session, keeping the spirit of MwM intact even after the major announcements.