The goal of the collaboration is to expand BTCFi capabilities.

TL;DR: Hemi, exSat Network, and KiKi Finance are collaborating to enhance the BTCFi ecosystem. Users can mint iBTC through KiKi Finance on exSat, bridge it to Hemi via Free Protocol, and deploy it across Hemi’s dApps. The collaboration provides boosted Hemi Points, continued XSAT rewards, and expanded opportunities for BTC utility in DeFi.

Hemi has joined exSat Network and KiKi Finance to strengthen the BTCFi ecosystem. This collaboration allows users to mint iBTC on KiKi Finance, a decentralized staking protocol that aggregates multiple chains, enabling users to manage their assets through private keys for maximum security.

Through a combination of staking and farming (Staking+Farm), KiKi Finance offers higher returns compared to traditional staking. Once users mint iBTC on KiKi Finance via the exSat Network, they can bridge it to Hemi using Free Protocol and deploy the token across Hemi’s ecosystem of decentralized applications (dApps). These include decentralized exchanges (DEXs), lending platforms, perpetual DEXs, and restaking protocols.

Hemi and exSat share a mission of advancing Bitcoin’s utility in decentralized finance. By combining Hemi’s Layer 2 protocol, which bridges Bitcoin and Ethereum, with exSat’s innovative Data Consensus Extension Protocol, the integration tackles Bitcoin’s limitations in scalability and interoperability. exSat’s protocol merges Proof of Work (PoW) and Proof of Stake (PoS), enhancing Bitcoin’s consensus mechanism, scalability, and security while enabling integration within the broader ecosystem.

This integration offers significant benefits for users. iBTC holders on Hemi can earn boosted Hemi Points, gaining enhanced rewards, while also continuing to receive XSAT rewards on exSat. Additionally, exSat serves as a docking layer for Bitcoin, enabling the network to address fundamental limitations while facilitating new liquidity pathways and fostering deeper engagement with decentralized finance.

The combined efforts of Hemi, exSat, and KiKi Finance create a more interconnected BTCFi ecosystem, maximizing asset utility while maintaining robust security and user control.