I noticed the Hemi project a long time ago, but I was too busy in the past few months. It wasn't until the last couple of days that I transferred some Bitcoin and stablecoins to participate.

The official mod mentioned that Hemi's tokenomics is relatively complex, and the TGE time is undecided. Therefore, holding now, it's estimated that I can catch a portion of the tail end of the fish.

Today, I will provide a detailed introduction to this project:

1. Hemi Project Overview

Hemi is a modular Layer-2 blockchain protocol dedicated to building a 'super network' that combines the scalability, security, and interoperability of Bitcoin and Ethereum. Hemi's goal is to seamlessly connect the Bitcoin and Ethereum ecosystems, unlocking new potential for decentralized finance (DeFi), cross-chain applications, and Bitcoin financialization (BTCFi).

1. Core Technologies and Features

- Hemi Virtual Machine (hVM)

The Hemi Virtual Machine (Hemi Virtual Machine, hVM) is an Ethereum Virtual Machine (EVM) embedded with a complete Bitcoin node. By having deep access to the Bitcoin state, hVM supports developers in building Bitcoin-aware smart contracts, suitable for low-fee DeFi, non-custodial services, and cross-chain transactions.

- Proof-of-Proof (PoP) Consensus Mechanism

Hemi adopts a unique PoP consensus mechanism, inheriting the security of Bitcoin's proof of work (PoW) while combining Ethereum's state validation. Hemi blocks are published to the Bitcoin blockchain through PoP transactions, achieving 'Superfinality' about 90 minutes later, providing strong resistance to reorganization attacks.

- Tunnels Cross-Chain Asset Transfer

Hemi's 'Tunnels' feature utilizes its consensus-level understanding of the Bitcoin and Ethereum states to achieve decentralized, trust-minimized asset cross-chain transfers. Users can seamlessly transfer BTC or ETH to the Hemi network, balancing speed, low cost, and high security.

- Ecosystem Scalability

Hemi supports external projects in creating independent chains protected by its technology, providing 'Bitcoin Security as a Service'. Currently, over 50 protocols are planning to launch on the Hemi mainnet, including well-known projects like Sushi, Pendle, and Pyth.

- Team and Background

Hemi is led by early Bitcoin core developer Jeff Garzik, who worked with Satoshi Nakamoto and has extensive experience in blockchain and Linux kernel development. Co-founder Max Sanchez is a co-inventor of the PoP protocol, focusing on decentralized security architecture. In September 2024, Hemi secured $15 million in funding led by Binance Labs, showcasing strong market support.

- Mainnet Performance

In March 2025, the Hemi mainnet officially launched, achieving a total locked value (TVL) of $440 million, with the staking platform accounting for $285 million. During the testnet phase, Hemi's trading volume on the Ethereum Sepolia testnet once accounted for 88% of the network traffic, demonstrating strong community engagement and technical capability.

2. Hemi Mainnet Interaction Strategies

The Hemi mainnet launched in March 2025, and the current interaction tasks mainly focus on cross-chain asset transfers, staking for points, and liquidity provision (Boost events). The entry threshold is moderate, suitable for users of different funding scales. Here are the specific strategies:

1. Cross-Chain Asset Transfer

- Operation Entry: https://app.hemi.xyz/en/tunnel/

- Participation Method: Use Hemi's 'Tunnels' feature to transfer assets from the Ethereum mainnet or the Bitcoin network to the Hemi chain. Supports various mainstream tokens such as ETH and BTC, with a simple operation process and minimal trust. Stablecoins USDT and USDC are supported but need to be transferred from third-party platforms @StargateFinance or @mesonfi.

- Suggestions: Choose the appropriate network (e.g., Ethereum mainnet or Bitcoin network) for cross-chain based on your holdings. After the transfer, you can participate in staking or liquidity tasks. Cross-chain may involve gas fees; it's advisable to pay attention to network congestion to reduce costs.

2. Staking for Points

- Operation Entry: https://app.hemi.xyz/en/stake/

- Participation Method: On the Stake page, select assets for staking, supporting over 20 assets and protocols (e.g., ETH, BTC, and DeFi tokens). Staking can earn points, which may be linked to future token airdrops or rewards.

- Suggestions: Prioritize staking high-multiplying point tokens (e.g., popular assets recommended by the platform) to maximize returns. Staking involves capital occupation; it's advisable to allocate reasonably based on your budget and regularly check Hemi's official announcements for updates on point rules.

3. Boost Events (Liquidity Provision)

- Operation Entry: https://boost.absinthe.network/hemi-mainnet/dashboard

- Participation Method: Boost events focus on liquidity provision, and points can be earned as bonuses after task completion. Hemi collaborates with protocols like Sushi and Pendle to provide multiple liquidity pools for selection.

You can use this code: 3bc6e1a3

- Suggestions: No need to participate in all tasks; it's recommended to choose liquidity pools with high point bonuses. Providing liquidity may involve impermanent loss risks; it is advisable for users familiar with DeFi operations to participate and choose suitable tasks based on their funding scale. Personally, I only did LP for the vUSD/USDC.e stablecoin trading pair on Sushi.

Additionally, note that completing the 'Verify with DEMOS' user-friendly proof task is advisable, as it may likely be one of the future airdrop credentials.

4. Community and Ecosystem Participation

- Social Media Interaction: Follow Hemi's official Twitter @hemi_xyz and Discord, participate in 'Yap Market' sharing tasks, invite friends, and other activities to earn HEMI tokens, NFT whitelist, and other rewards.

- Ecosystem Cooperation: Hemi collaborates with protocols like Sushi, Pyth, RedStone, and DZap, allowing users to participate in DeFi activities through these platforms, enhancing opportunities for point acquisition. For instance, cooperation with DZap supports single-point liquidity access across 100+ chains, simplifying user operations.

3. Summary and Outlook

Hemi provides innovative solutions for the interoperability of Bitcoin and Ethereum through hVM, PoP consensus, and Tunnels mechanisms. Its modular design and $440 million TVL demonstrate strong market potential. Mainnet interaction tasks (cross-chain, staking, liquidity provision) offer users low-threshold participation opportunities while enhancing user engagement through community activities and ecosystem cooperation.

In the future, Hemi plans to attract more Layer-2 projects through 'Bitcoin Security as a Service' and launch more cross-chain DeFi products, paving new paths for the BTCFi ecosystem.

Hemi is becoming an important bridge connecting Bitcoin and Ethereum, worthy of continued attention!

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Disclaimer: This article is based on official Hemi information and public data. Project data and tasks may change over time; please refer to official channels. Participation in blockchain projects involves risks; please make prudent decisions.

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