Stacks, a Bitcoin layer-2 scaling solution, has announced the launch of a 35% annual percentage yield (APY) for USDh, a stablecoin developed by Hermetica. This new yield rate sets a record for the Stacks DeFi ecosystem and marks a significant milestone in the world of decentralized finance (DeFi) built on top of Bitcoin.
The announcement, made on December 9, highlights the growing potential of Bitcoin layer-2 solutions, with Stacks pushing the boundaries of what’s possible on the Bitcoin network. Stacks is a protocol that brings smart contracts and decentralized applications (dApps) to Bitcoin, allowing developers to build on Bitcoin’s secure and stable blockchain while enhancing scalability.
In its official post, the Stacks team celebrated the achievements of Bitcoin builders, emphasizing that the ecosystem is evolving beyond traditional limits. The 35% APY offered through USDh is one of the most attractive rates available in the DeFi sector and signals the growing role of layer-2 solutions in expanding Bitcoin’s utility.
This record-breaking APY is now available to users participating in the Stacks DeFi ecosystem via Hermetica’s USDh stablecoin, a product designed to provide stability and yield potential for investors looking to earn rewards while using Bitcoin’s secure infrastructure.
The launch of this high-yield offering represents a significant step in the evolution of Bitcoin DeFi, positioning Stacks as a leading player in bringing more advanced financial products to Bitcoin users.
Love it
j’aime