#TariffsPause Hermetica has teamed up with Velar to provide a 5% annual yield for traders on the Bitcoin-backed stablecoin USDh through Velar’s futures exchange on Stacks.

Hermetica, the issuer of the Bitcoin-backed stablecoin USDh, has partnered with Velar to offer a 5% annual yield to traders using Velar’s perpetual futures exchange on the Bitcoin Layer 2 network, Stacks (STX), according to a release shared with crypto.news. 

The new feature allows users to earn yield on USDh while trading leveraged Bitcoin (BTC) positions.