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Cryptovka | News | CryptoMarket & Blockchain17h ago
‍BTCS S.A. Commits 100 BTC to Hemi for Institutional Yield Program BTCS S.A., a digital asset company, has partnered with Bitcoin layer-2 network Hemi. The agreement involves deploying 50-100 BTC into Hemi's liquidity program over six months to generate yield from Bitcoin reserves. This move signifies a trend among corporate Bitcoin holders to leverage digital assets for income generation in a compliant manner. Hemi's architecture, integrating a full Bitcoin node within an EVM-compatible environment, offers institutions access to DeFi yields on Bitcoin holdings without the risks associated with wrapped tokens or bridges. BTCS S.A. will receive a backstopped annual yield of 10% for the first two months, then 6% for the remaining four months, with rewards disbursed in BTC and USDC. The regulatory compliance of Hemi's platform was a key factor for BTCS S.A., which operates under EU Market Abuse Regulation (MAR) disclosure requirements. https://cryptovka.com/news/btcs-s-a-commits-100-btc-to-he…
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