Yields on Hemi are expanding, with another $18M in liquidity entering the network through Spectra pools.

Spectra, a permissionless yield protocol, is now live on Hemi. The launch includes a BitFi bfBTC pool seeded with over $18M.

Spectra puts idle Bitcoin to work—generating passive returns through pool fees, native asset yield, fixed rates, and leveraged yield. Additional rewards are available through points programs.

Hemi offers direct access to bfBTC. Users can stake HemiBTC on BitFi to receive bfBTC and start earning with Spectra. With Hemi points, users can gain an 8x points bonus for providing liquidity with hemiBTC and bfBTC to Spectra pools, and a 10x bonus for holding bfBTC YT.

Spectra supports several ways to earn Bitcoin-backed yield. Fixed rates allow users to mint Principal Tokens (PTs), which lock in a fixed return on a given asset. Hemi users can pay upfront, wait for maturity, and redeem for the original amount plus yield. 

The Yield Leverage tool increases notional exposure. With just 0.1 bfBTC, users can earn yield and points equivalent to 3.5 bfBTC, offering roughly 34x yield leverage. Yield Tokens (YTs) entitle holders to the underlying asset’s future yield and offer the highest Hemi points multiplier.

Hemi pools support swaps between PTs and YTs. Liquidity providers earn from swap fees, fixed rate returns from PTs, and the native yield of the underlying asset. Pools with a gauge also distribute SPECTRA rewards and additional points to LP token holders.

Hemi and Spectra are expanding BTCFi tools and liquidity. Visit Spectra Finance to get started.