Unlocking permissionless lending for BTCfi, Gearbox is now live on @hemi_xyz 🔓
🧘 Passively lend HemiBTC and USDC.e
🔁 Borrow against ETH, bfBTC and more
And earn $10K in rewards with Gearbox Permissionless. Get started ↓ ⚙️🧰
❔ About
Hemi is a Bitcoin and Ethereum powered modular Layer-2. The Hemi Virtual Machine (hVM) incorporates a full Bitcoin node within an Ethereum Virtual Machine, scaling BTC on ETH with ease.
And curation by @invariantgroup unlocks...
🧘 Passive Lending: USDC and HemiBTC
Lending on Gearbox is as simple as Lend -> Earn -> Withdraw.
You can deposit HemiBTC, earn USDC rewards and interest paid by borrowers, and withdraw whenever.
Making lending truly passive, everywhere:
⏫ Incentives
To bootstrap initial liquidity, the pools are live with $10K in USDC.e incentives by Hemi for the first month. Users can earn these in addition to the interest paid by borrowers.
But that's not the only benefit of lending on Gearbox.
❔ Why Lend on Gearbox?
• No Impermanent Loss: Deposit a single asset and earn interest.
• No Platform Fees: No lending fees or withdrawal penalties.
• No Lockups: Withdraw anytime, subject only to available pool liquidity.
And borrowers utilise your ETH for the safest of..
🧑🌾 Multicollateral Loans
Users will be able to borrow
• USDC against: HemiBTC, WBTC, ETH and WETH
• HemiBTC against: bfBTC
Borrowing with multicollateral loans involves no leverage and helps users free up capital without selling their assets:
💡 Gearbox Permissionless Listing
Permissionless is an institutional-grade lending stack enabling curators to set up lending markets without DAO intervention.
As a user, it's important to understand the risks associated with the collaterals to ensure you make informed decisions.
🛡️ Battle-Tested Gearbox
The protocol has been battle-tested for 3+ years and has never faced any exploits. It is further secured by
• 10+ Audits and $3M spent on security
• Whitehack bug bounties
• AI-based monitoring tools
And risk curation by @invariantgroup
📰 Powered by Gearbox Permissionless
Hemi deployment is powered by Gearbox permissionless, an institutional-grade lending stack to set up permissionless lending markets across EVMs.
Use Gearbox on Hemi and earn $10K in rewards here: ⚙️🧰
6.2K
38
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.