Synthetic Dollars Carry Risks — #ENA Shows the Dependencies
Platforms like ENA and DAI have scaled DeFi by abstracting collateral and maintaining stablecoin pegs. While effective, this approach adds layers of dependency and assumptions, which can create stress during market volatility.
Hemi takes a different approach. Instead of abstracting value, it allows native BTC to participate directly in yield and DeFi activities. Bitcoin remains Bitcoin, while generating productivity through onchain markets.
The outcome? Simpler yield exposure, fewer moving parts, and a shift of Bitcoin capital from pure price speculation toward real financial utility.
HEMI
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