Sumer features an integrated lending and borrowing market.

TL;DR: 

Hemi is excited to welcome Sumer to its growing ecosystem. Backed by Pantera Capital, Sumer is a cross-chain protocol for synthetic assets, featuring an integrated lending and borrowing market.

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Hemi is working with Sumer to add an integrated lending and borrowing market to the platform.

Sumer introduces synthetic BTC, ETH, and USD tokens—suBTC, suETH, and suUSD—designed for use across Hemi’s ecosystem of dApps. These Su Tokens can be minted and redeemed on Hemi using various liquid staked tokens (LSTs) and yield-bearing tokens, such as BitFi’s bfBTC, Kelp’s rsETH, Bima’s USBD, and YieldFi’s yUSD. Users will also be able to mint Su Tokens using yield-bearing receipt tokens from Hemi’s ecosystem partners, such as Stable Jack, Hourglass, and Concrete. To encourage adoption, both Hemi and Sumer will incentivize Su Tokens and their corresponding liquidity pairs with points.

By enabling synthetic assets to be minted using yield-bearing assets, Sumer unlocks new yield opportunities. For example, users can mint Su Tokens with a yield-bearing asset, sell the Su Token for the same asset, and repeat the process to effectively multiply their implied yield. Additionally, the cross-chain nature of Sumer’s Su Tokens creates further arbitrage and liquidity opportunities.

Beyond synthetic assets, Sumer’s lending market allows users to earn yield and access liquidity at competitive rates. Sumer’s lending market classifies assets based on risk profiles, enabling efficient borrowing with optimized Loan-to-Value (LTV) ratios.

The addition of Sumer to the Hemi ecosystem expands the utility of both platforms by providing users with more ways to generate yield, access liquidity, and engage in cross-chain DeFi strategies.