We’re back with another Midweek with Max. This week focused on claims, token emissions, engineering priorities, and how the community can get more involved.

If you participated in Spectra or Dodo and your points looked off, you should check the claim site again. There is now a new tab for Spectra and Dodo. The team corrected September YT position counts, added the October Spectra pool after confusion about which pool was incentivized, and fixed missing Dodo LP credits. One node sale address that was missed in the original export has also been included. If you claimed once already, you can submit again in the new group. If you only qualified after the recalculation, you can claim there directly.

Pre-TGE PoP points came with a 50 percent locked vHEMI position. A new contract will soon allow you to swap that locked half for liquid HEMI, one to one. We will post instructions for doing this in the explorer when it is ready. On the VeriBlock side, the team is still working through key conversions to Ethereum addresses. Once that piece is finished, the claim process will go live.

Engineering is centered on three main tracks. The first is ZK provability for Hemi and the Bitcoin indexer that supports it. The second is safer upgrades, which means full end-to-end testing for L1 contract changes before they go live. The third is the new PoP Payouts algorithm. The design is already public in Discord, and the team is back-testing parameters against Bitcoin fee data. Hemi Network v2 has reached release-candidate stage, and final testing continues. Sequencer decentralization is next, with VE HEMI restaking tied into it. Contract work is also under way for longer lockups, stronger multipliers, and the eventual restaking path. Security remains a priority, with extra attention paid to supply chain risks in upstream code.

Circulating supply details will move from the PDF into full documentation with exact numbers. Expect the first version soon. Details on VE HEMI staking yield should follow within the next two to three weeks. Emissions will evolve under governance. The base HEMI token lives on Ethereum, and emissions will mint there each month before auto-tunneling to HEMI L2. Minting is currently off. When it turns on, anyone can call the monthly mint. Target emissions run between three and seven percent per year. Most of this pays PoP miners, including a second track for Ethereum attestations on Bitcoin. Two percent goes to sequencers once decentralization is active. The rest can be burned or routed to ecosystem needs such as ZK costs or community programs.

Mainnet Season 2 is coming soon. The aim is clear rules, simpler rewards, and a focus on protocols that drive liquidity. A grants and bounties program is also in development. Build guides will outline projects like a non-custodial Bitcoin DEX and Bitcoin lending. There will also be an open lane for new ideas and EVM app ports. In the meantime, the call is simple: build, write, and teach. If you make a valid contribution to a HEMI Labs repo or the docs and it is merged, you can request the open-source contributor role in Discord.

For PoP miners, two near-term items matter most. The first is the contract that lets you trade your locked pre-TGE position for liquid tokens. The second is the new PoP Payouts algorithm, which will pay liquid tokens at each keystone once it is live. Earlier fee dynamics were known but often rough. The new flow shortens the loop and delivers liquid tokens on chain.

That is the update. Claims are fixed, liquidity for early miners is on the way, ZK work continues, and emissions will fund the roles that secure the network. The foundation is in place, Mainnet Season 2 is ahead, and grants will support builders. Keep building, keep asking questions, and expect more to ship soon.