Hemi Collaborates with Cygnus for Enhanced Yield Opportunities and Security

TL;DR:

Hemi is collaborating with Cygnus, which will deploy on Hemi to support a broad range of Liquid Staking Tokens (LSTs) and Liquidity Representation Tokens (LRTs). This collaboration allows users to earn multiple rewards by depositing Hemi assets into Cygnus, enhancing both yield and ecosystem security through single-sided pools without impermanent loss. 

Hemi is announcing a new collaboration with the Cygnus. Cygnus will be deploying on Hemi, supporting our entire asset range, including an extensive variety of Liquid Staking Tokens (LSTs) and Liquidity Representation Tokens (LRTs). This collaboration leverages shared capabilities to deliver additional yield and security for our users.

With this integration, users can deposit Hemi-supported assets into Cygnus to earn multiple types of points and rewards, including Hemi points, Cygnus points, and individual token points, maximizing yield on their deposits. Additionally, Cygnus will contribute to the security of the Hemi ecosystem by providing economic security through its single-sided pools—offering users yield opportunities without the risk of impermanent loss.

Cygnus operates as the first modular, real-yield layer, merging non-EVM systems like TON with the EVM ecosystem. The collaboration will bring Cygnus’ test tooling and experience to Hemi.