Happy Mainnet Eve!

The latest Midweek with Max brought together the Hemi team to discuss critical updates ahead of the much-anticipated Mainnet launch. Community Manager Rick was joined by co-founder Max Sanchez, Head of Marketing Phil Gomes, and engineer Joshua Singh to break down the final preparations, upcoming incentives, and what users can expect moving forward.

Mainnet Launch: Final Preparations

With Mainnet launching on March 12, 2025, the team confirmed that everything is on track. The final checklist is being reviewed, and all systems are undergoing rigorous testing to ensure a seamless rollout. While functionally similar to the Testnet experience, Mainnet brings new opportunities for staking, liquidity provision, and lending on decentralized exchanges and lending protocols.

A phased adjustment of points multipliers is also planned. Initially, the Hemi staking contract has been the primary way to earn incentives, but moving forward, liquidity provision on DEXs and lending protocols will be prioritized. Users are advised to monitor updates on these changes to maximize their participation.

Incentives and Point Distribution

The Mainnet incentives program is officially live. While the points system has been operational since the soft launch on March 5, the full rollout begins with the Absinthe UI going live. This will include additional tasks such as liquidity provision. Testnet incentives officially ended on March 9 at 11:59 PM ET, and Testnet points will be calculated based on a final snapshot.

Key clarifications were provided regarding multiple wallets and Sybil resistance. Users can link multiple addresses to their Absinthe account, but points will be deduplicated to prevent abuse. Only one unique human identity per Deimos verification will be able to claim rewards, ensuring fair distribution.

Mainnet TVL and Growth Strategy

Hemi has already seen over $275 million staked in the Hemi staking contract, contributing to a total TVL of approximately $300 million. The next phase involves encouraging liquidity migration from staking to active use in DeFi protocols. A smooth transition will be facilitated with structured incentives, and users are encouraged to participate in liquidity pools on partner platforms.

Beyond liquidity, Hemi aims to onboard more developers and users. A grants and bounties program will be launched soon, focusing on expanding the ecosystem with innovative applications. This will help drive real utility, ensuring Hemi’s role as a foundational Bitcoin and Ethereum-powered network.

Roadmap and Future Developments

Key roadmap items for the next few quarters include:

• Decentralizing the Sequencer (Q3 2025): Transitioning to a fully decentralized system to enhance network security and efficiency.
• Advancements in BitVM: Addressing existing game theory challenges to improve Bitcoin interoperability.
• Bi-directional Asset Tunneling: Enabling seamless movement of Hemi-native assets between Ethereum and Bitcoin-powered networks.
• L3 Chain Builders & Shared Sequencing: Expanding the ecosystem by allowing projects to launch L3s on Hemi, supported by staking incentives.
• DAO Governance & Fee Management: Establishing mechanisms for decentralized governance and revenue allocation.

What’s Next?

The official Mainnet launch event will take place at 10 AM ET on launch day, featuring key discussions with industry leaders. Community engagement remains a priority, with regular AMAs and updates planned in the coming weeks.

Hemi’s journey is just beginning, and as Mainnet goes live, the focus shifts to real-world adoption, protocol development, and strengthening the ecosystem. Users are encouraged to stay updated, participate in liquidity mining, and engage with the community as the network enters this new phase.

For further updates, follow Hemi’s official channels and get ready for what’s next.