Hemi, the advanced blockchain platform to combine Ethereum and Bitcoin ecosystems, has announced its official launch date. As per Hemi, the platform will go live on the 12th of March, offering cutting-edge decentralized exchanges, liquid staking assets, vaults, dApps, oracles, and lending protocols. The platform revealed the date of its official launch on social media.
Hemi Schedules Mainnet Launch for March 12 to Merge Ethereum and Bitcoin Ecosystems
With its launch, Hemi aims to deliver a unique modular blockchain to provide enhanced scaling, interoperability, security, and combined Ethereum and Bitcoin networks. Hence, it has set March 12th as the official date for its transition from the ongoing testnet to mainnet release. The platform has already gained a staggering amount of $300M in terms of total value locked. In addition to this, it has also established a network of several protocols. These developments make Hemi a noteworthy infrastructure layer dealing with DeFi operations on Ethereum and Bitcoin ecosystems.
With the protocols that the early ecosystem collaborators of Hemi provide, consumers can expect several benefits. They take into account the development of apps that are compatible with both Ethereum and Bitcoin. Additionally, it also permits the users to take part in liquidity provision for DEXs, lending, or allocation of funds for specific vault products. Apart from that, the consumers can trade perpetuals with Hemi and develop synthetic assets. The other features include popular $ETH and $BTC tokens’ staking and restaking and the creation of synthetic assets.
Specifically, the DeFi ecosystem of Hemi strongly focuses on the provision of opportunities concerning yield and liquidity. Jeff Garzik, Hemi’s co-founder, said that the mainnet launch highlights the capability and robustness of the platform. Hemi reportedly endeavors to unlock portability, programmability, and overall Web3 potential.
Offering Unparalleled Asset Programmability, Superfinality, and Trustless Portability Across Chains
Hemi’s mainnet launch marks the start of its journey to leverage the finest capabilities of the Ethereum and Bitcoin networks. As a result of this, the platform attempts to enable an exclusive set of formerly unattainable blockchain apps. The platform unifies Ethereum and Bitcoin while delivering Bitcoin programmability and superfinality. Moreover, asset programmability and trustless cross-chain manageability are the other benefits that Hemi intends to provide.
