This Week:
-This Week’s Hemi Yield Opportunities
-Need to Know DeFi Ecosystem Shifts
-This Week in Hemi: Protocol Updates and More
-Community Spotlight
Hemi is proud to be partnered with BrownFi, with an integration through Algebra's CLAMM infrastructure and Merkl's incentives on APY/APR:
Provide liquidity to BrownFi WBTC-hemiBTC and earn up to 23.45%
Provide liquidity to BrownFi WETH-USDC.e and earn up to 31.78%
Provide liquidity to BrownFi USDC.e-VUSD and earn up to 29.85%
Provide liquidity to BrownFi hemiBTC-VUSD and earn up to 50.09%
Provide liquidity to BrownFi HEMI-VUSD and earn up to 146.66%.
Jurisdictional restrictions may apply.
APY/APR rates are subject to change with variable market conditions.
Learn more about the partnership.
SEC Proposes First Agent Transfer Overaul In 40 Years
On Sep. 1 the SEC released a 421-page proposal modernizing transfer-agent rules for the first time since the early 1980s, explicitly bringing blockchain-native transfer agents, tokenized fund administration and distributed-ledger recordkeeping inside the framework. The package updates Form TA-2 reporting, adds cybersecurity risk-management standards and sets a unified record-retention timeline, with SEC Chair Paul Atkins saying the rewrite reflects the adoption of "electronic communications and blockchain technology." Transfer agents are the plumbing that tracks who owns what security, so the proposal is the clearest signal yet that the agency expects tokenized stocks and funds to run on public chains at scale, and intends to regulate the ledger operators, not just the issuers.
Robinhood Memecoin Volume Cracks DeFi Top 10
Robinhood Chain generated $4.3 million in onchain revenue over 24 hours on Sep. 3, topping Solana ($3.9 million), with TVL above $800 million and Uniswap v2–v4 and UniswapX now live. The engine is memecoins paired against tokenized stocks: on Sep. 2 those pairs did $217 million in volume, 71% more than direct stock-token trading, and one memecoin cornered 53% of the tokenized HIMS supply, pushing it to 4.6x the underlying share price. The same day a memecoin called Money Mushroom launched against a "FAMI" token that was not Robinhood-issued, no issuer, no redemption path, and Nasdaq-listed mushroom seller Farmmi (15 employees) spiked 350% on roughly 90x its average volume before giving most of it back. The SEC has warned that putting a security on a crypto network "does not change which federal securities laws apply," and Robinhood's own filings concede third-party activity on the chain "may be difficult or impossible to monitor, influence, or prevent."
Hyperliquid eyes U.S. entry through Kraken's Bitnomial
Bloomberg reported Aug. 31 that Hyperliquid Labs is in advanced talks with Payward, Kraken's parent, to offer perpetual futures to U.S. traders through Bitnomial, the CFTC-regulated derivatives exchange Payward acquired for $550 million in May. Under the structure discussed, Americans would get a limited menu of crypto-linked contracts on registered infrastructure with Payward as the regulated operator, rather than direct access to the permissionless venue that clears roughly $4 billion a day. The talks follow President Trump's Aug. 19 comment that the CFTC was working to bring Hyperliquid into the U.S. compliantly, and approval could take 10–12 months. HYPE rallied over 35% on the week to above $86, as Nasdaq and ICE shares slipped 1.3–1.5% on the report.
A Reworked Staking Program
The current veHEMI distribution has been delayed while the team reworks the staking system. The reason is simple: network fees collected so far do not amount to an interesting reward on their own. Tokens carved out for staking rewards in the original tokenomics have not been touched yet, and those will now come into play. Details are still being finalized internally, but the changes will benefit stakers who have been in the system all along.
Capture the Flag takes shape
More on the team's first code-driven Capture the Flag campaign, a nights-and-weekends project tentatively targeting the end of October. Challenges will span smart contract exploitation, including reentrancy and bad randomness, plus two ZKVM soundness challenges, one built on a publicly patched bug in a production ZKVM. The guiding principle is clarity: you should know what you are exploiting, with the difficulty in the how. Prizes will be modest for this dry run, and AI tools are fair game.
Engineering Updates
Testing continues on the op-reth transition, which moves the network closer to full ZK proving and ultimately hBitVM. Code for FastTrack is being merged in, and work on the ZK Marketplace is progressing, with something for the community to start testing on the ZK Miner and Marketplace side expected in the next couple of weeks. Behind the scenes, more is coming on the new staking dashboards previewed last week.
HairGames Season 8 Opens The Floodgates
The wait is over: Season 8 IS LIVE NOW !
For the first time, every HairGames game is open for the entire season. With more games and more ways to compete, this season is set to be longer and more exciting than any previous season! Up to 30,000 $HEMI tokes in rewards are up for grabs.
Play now at: https://game.hairtoken.xyz/
Also, a special congratulations go out to August's Hemigo of the Month winner: Samstar, who will receive the exclusive Special Hemigo of the Month Hoodie. The only way to get one is to contribute to the Hemi community. Samstar's many creative submissions, tweets, and genuine support sets an example that reflects the energy, culture, and vision we love to see in our community members.
Join Hemi’s Discord and engage with the community, and the next Hemigo of the month might be you!
Built on Hemi explores protocols, partners, and platforms deployed on Hemi. This episode took a deeper dive into our partner, Algebra, with Co-Founder Vladimir Tikhomirov. Algebra's infrastructure powers BrownFi's CLAMM integration on Hemi, now featuring incentives across 5 active pools.
See the full episode.
Midweek with Max covers ongoing engineering, community, and marketing updates.
Join Hemi’s Discord to send questions for Max ahead of next week’s AMA.
Protocol Engineering Office Hours are now streaming on X, YouTube, and LinkedIn, every other Wednesday at 8:00 AM PDT, 11:00 AM EDT, and 15:00 UTC. Join the next scheduled session on September 9th.
