Hemi Network and ZeroLend Join to Bring BTC Lending to Hemi

TL;DR: 

Hemi is working with ZeroLend, a leading lending protocol supporting BTC LRTs to expand DeFi opportunities on Hemi. 

Hemi Network has announced its collaboration with ZeroLend, a lending platform that unlocks new financial possibilities for Bitcoin holders through Bitcoin Liquidity Representation Tokens (BTC LRTs). With ZeroLend’s integration, Hemi users will be able to access a wide range of BTC LRTs such as eBTC, while retaining the staking and reward benefits associated with their Bitcoin holdings. This is a major step forward in expanding the DeFi landscape on Hemi and making Bitcoin liquidity more accessible across decentralized applications.

ZeroLend’s BTC LRT market offers supply and borrowing options, with transparent data on supply APYs, borrow APYs, and total liquidity. Additionally, users can leverage advanced strategies, including compounding yields and leveraging up to 10x for increased BTC rewards and protocol incentives. By offering real-time access to these capabilities, ZeroLend brings a layer of flexibility and opportunity to the Hemi ecosystem.

By bringing ZeroLend’s lending and borrowing protocol to Hemi, BTC holders gain access to a seamless and secure platform for optimizing their assets. This collaboration strengthens Hemi’s lending and borrowing ecosystem with reliable liquidity and advanced strategies for BTC DeFi.