Echo and Hemi will enhance BTC liquidity, staking, and yield.

TL;DR:

Hemi and Echo are collaborating to enhance BTC liquidity, staking, and yield. Echo will mint a unified BTC asset on Hemi, integrate BTC LST infrastructure, and expand yield opportunities, strengthening Bitcoin’s role in DeFi.

Hemi is collaborating with Echo, a protocol specializing in BTC liquidity, liquid staking, and yield infrastructure. As the leading BTC Liquid Staking Token (LST) player in the Move ecosystem, Echo has demonstrated its ability to drive liquidity and innovation across multiple blockchain ecosystems.

Echo will mint a unified BTC asset on Hemi, enabling seamless interoperability and liquidity for Bitcoin across the Hemi ecosystem. This native BTC asset will empower DeFi protocols, applications, and users to leverage Bitcoin’s security and liquidity without traditional barriers.

Echo’s infrastructure for BTC LSTs will integrate with Hemi’s newly built systems, offering developers liquidity for their applications. With Echo, BTC LSTs such as aBTC will become a key building block for the Hemi DeFi landscape.

BTC holders on Hemi will also gain access to amplified yield opportunities through Echo’s solutions. 

This collaboration represents a significant milestone for both Hemi and Echo, as we combine our expertise to drive Bitcoin adoption and innovation within DeFi.