Gearbox and Hemi Team Up To Compound DeFi Lending Yields

Gearbox and Hemi offer users looping strategies to maximize BTC-backed lending yields, in addition to daily Merkel rewards.

Gearbox Protocol, the lending provider that offers composable leverage across Ethereum, Arbitrum, and Optimism, is adding support for Hemi.

Starting Monday, users can lend hemiBTC with Gearbox and earn a yield, as well as a share of 150 USDC, paid daily via a new Merkl campaign opportunity. On Wednesday, USDC lending will also go live, offering additional yields and another 200 USDC per day in Merkl incentives.

Gearbox offers advanced users powerful looping strategies. Borrowers can collateralize bfBTC from BitFi at a 7% yield and borrow hemiBTC, which can be used to mint additional bfBTC, thereby looping the cycle for compounding gains.

With Hemi, Gearbox opens up lending options with collateralization via hemiBTC, WBTC, or ETH to borrow USDC, offering greater liquidity to Bitcoin-native assets without necessitating the sale of assets.

This marks Gearbox’s first integration with a DeFi ecosystem built around programmable Bitcoin with native yield and composability. As Bitcoin-backed assets gain utility across DeFi, Hemi and Gearbox provide a seamless entry point for users seeking to automate strategies for efficient yield, leverage, and capital mobility while maintaining alignment with Bitcoin’s core principles.


Explore Gearbox and discover the future of BTCFi on Hemi and start earning today.

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