Hermetica
  • Welcome
  • Hermetica
    • The Problem
    • Our Solution
    • Who We Are
  • USDh
    • USDh & sUSDh
    • How it Works
      • Mint Mechanism
      • Security Mechanisms
      • Stability Mechanism
      • Yield Mechanism
      • Backing Mechanism
      • Technical Primitives
    • Historical Performance
    • Hermetica Reserve Fund
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      • Collateral Risk
      • Exchange Risk
      • Liquidity Risk
      • Funding Rate Risk
      • General Risk
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      • Buy USDh
      • Stake USDh
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  1. USDh

How it Works

PreviousUSDh & sUSDhNextMint Mechanism

Last updated 3 months ago

The USDh ecosystem is made up of two assets:

1. USDh

A stablecoin consisting of Bitcoin coupled with a short perpetual futures position.

When Hermetica hedges Bitcoin with a short perpetual futures position, it creates a position that is price-stable in dollar terms.

2. sUSDh

A Bitcoin-native bond that generates up to 25% yield from funding rates.


USDh and sUSDh are issued natively on Bitcoin L1 via Runes and Bitcoin L2 via Stacks.

For more information on yield, please refer to the .

You can buy USDh on the open market via common crypto marketplaces. to get started. More markets and product integrations are coming soon.

To access the yield, users and immediately receive the yield-bearing token, sUSDh.

Yield Mechanism section
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stake USDh