> ## Content Index > Fetch the complete content index at: https://news.hemi.xyz/llms.txt > Use this file to discover other available public pages before exploring further. # Hemi: Your Signal Aggregator - URL: https://news.hemi.xyz/hemi-your-signal-aggregator-c1a6057db1fbc0d5/ - Published: 2026-02-06T22:38:51.000Z - Updated: 2026-08-05T21:14:16.000Z - Description: Providing Bitcoin Programmability, Productivity, and Yield-Potential - Author: Hemi Labs # In Today’s Issue: - **Need to Know DeFi Ecosystem Shifts** - **This Week in Hemi: Protocol Updates, Partner Highlight, and More** - **Community Spotlight** - **This Week’s Hemi Yield Opportunities** ![](https://storage.ghost.io/c/54/c6/54c6f660-26c3-4ce3-8ea1-ea7e37a8cc90/content/images/2026/08/weekly_trivia_-_section_header-t-1766162900-32.png) Scroll to the bottom for the answer. **Q:** What early Bitcoin feature allowed users to embed arbitrary data into transactions, later inspiring Ordinals and inscriptions? ![](https://storage.ghost.io/c/54/c6/54c6f660-26c3-4ce3-8ea1-ea7e37a8cc90/content/images/2026/08/ecosystem_shifts_-_section_header-t-1766163008-38.png) ## Markets Slide Sharply as Risk Assets Reprice Crypto markets experienced a broad and abrupt drawdown this week, with BTC, ETH, and high-beta DeFi tokens selling off in tandem with global risk assets. The move followed a tightening of financial conditions and renewed macro uncertainty, triggering deleveraging across derivatives and onchain lending markets. ## DeFi TVL Declines More Gradually Than Prices Despite the sharp market sell-off, DeFi TVL fell at a slower pace than spot prices. Capital largely remained parked in lending markets, DEX liquidity, and yield strategies rather than exiting onchain entirely. This divergence suggests maturing user behavior, with participants reducing exposure without abandoning productive positions. ## Stablecoins Absorb Increased Settlement Demand Stablecoins again acted as the primary shock absorber during the drawdown. Onchain volumes in USDC and USDT increased as traders rotated out of volatile assets while keeping capital deployable. Rather than shrinking, stablecoin usage reinforced their role as DeFi’s settlement and risk-management layer. ![](https://storage.ghost.io/c/54/c6/54c6f660-26c3-4ce3-8ea1-ea7e37a8cc90/content/images/2026/08/this_week_in_hemi_-_section_header-t-1766163019-38.png) ## ZK Progress Accelerates The team confirmed major progress on zk provability, with the hVM state transition now fully ZK-approved. Current work focuses on performance optimizations to the ZK tree structure, plus small structural upgrades that improve flexibility for future hVM precompiles. Support for multiple proving systems is also underway, moving Hemi toward prover diversity ahead of hBitVM. ## Jovian Fork and hVM 1.1 Engineering work continues toward activating the Jovian hard fork. Rather than shipping it alone, the team is bundling several Hemi features into the same upgrade, including an hVM 1.1 update that introduces incremental feature additions and fixes edge-case bugs encountered by developers. ## MinerFi Near Internal Testing MinerFi development is advancing across both backend systems and smart contracts. Internal testing is expected within the next one to two weeks, followed by a potential public testnet beta later this month or early next month, depending on results. ## Partner Highlight ![](https://storage.ghost.io/c/54/c6/54c6f660-26c3-4ce3-8ea1-ea7e37a8cc90/content/images/2026/08/hemi_x_maiadao_still_v1-png-t-1770415245.jpg) Maia DOA has integrated support for Hemi on Hermes Protocol, enabling users to seamlessly swap and bridge assets. [***Learn more.***](https://hemi.xyz/blog/maia-dao-and-hemi-team-up-to-strengthen-omnichain-oft-bridging-with-hermes-protocol?utm%5Fsource=news.hemi.xyz&utm%5Fmedium=referral&utm%5Fcampaign=hemi-your-signal-aggregator) ![](https://storage.ghost.io/c/54/c6/54c6f660-26c3-4ce3-8ea1-ea7e37a8cc90/content/images/2026/08/hemi_-_blog_banner_-_convergence_thesis-t-1770415338.png) This report introduces Hemi's convergence-layer model that unifies Bitcoin’s settlement security with Ethereum-grade programmability, without wrapped assets, custodial bridges, or weakened trust assumptions. [***Read the full report.***](https://static.hemi.xyz/reports/the-convergence-thesis.pdf?utm%5Fsource=news.hemi.xyz&utm%5Fmedium=referral&utm%5Fcampaign=hemi-your-signal-aggregator) ![](https://storage.ghost.io/c/54/c6/54c6f660-26c3-4ce3-8ea1-ea7e37a8cc90/content/images/2026/08/community_spotlight_-__section_header-t-1766163035-38.png) > Click for this week’s episode. [*Join Hemi’s Discord*](https://discord.com/invite/hemixyz?utm%5Fsource=news.hemi.xyz&utm%5Fmedium=newsletter&utm%5Fcampaign=hemi-your-signal-aggregator&%5Fbhlid=d59751da71cc0839c69b0b83bf64564abdf53fa0) and catch each Midweek with Max episode live. ![](https://storage.ghost.io/c/54/c6/54c6f660-26c3-4ce3-8ea1-ea7e37a8cc90/content/images/2026/08/yield_opportunities_-_section_header-t-1766163054-38.png) | **Pool** | **APY/APR\*** | **Asset** | **Begin Earning** | | ------------------------ | ------------- | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | SushiSwapV3 HEMI-hemiBTC | 86.76% | HEMI, hemiBTC | *[Learn More](https://app.merkl.xyz/opportunities/hemi/CLAMM/0x519CE7290870ff699f7A1f7Fc6aff00172f4fEFC?utm%5Fsource=news.hemi.xyz&utm%5Fmedium=referral&utm%5Fcampaign=hemi-your-signal-aggregator)* | | SushiSwapV3 HEMI-USDC.e | 77.69% | HEMI, USDC.e | *[Learn More](https://app.merkl.xyz/opportunities/hemi/CLAMM/0xce6976fA615B4DF3D2c7FDC2C2c7ed47291221dA?utm%5Fsource=news.hemi.xyz&utm%5Fmedium=referral&utm%5Fcampaign=hemi-your-signal-aggregator)* | | SushiSwapV3 HEMI-USDT | 67.98% | HEMI, USDT | *[Learn More](https://app.merkl.xyz/opportunities/hemi/CLAMM/0x707B525AcCd5ad9256245825D462A710cd2b8e74?utm%5Fsource=news.hemi.xyz&utm%5Fmedium=referral&utm%5Fcampaign=hemi-your-signal-aggregator)* | | SushiSwapV3 WETH-HEMI | 45.66% | WETH, HEMI | *[Learn More](https://app.merkl.xyz/opportunities/hemi/CLAMM/0x0222C96283754e92c859336B95f293D061675463?utm%5Fsource=news.hemi.xyz&utm%5Fmedium=newsletter&utm%5Fcampaign=hemi-your-signal-aggregator&%5Fbhlid=7e9899171616119809d4a36299c39b983ae722a5)* | | SushiSwapV3 cbBTC-HEMI | 42.51% | WETH, MSETH | *[Learn More](https://app.merkl.xyz/opportunities/hemi/CLAMM/0x553d952569FFd01BC6658B3A77F3502F5D20483e?utm%5Fsource=news.hemi.xyz&utm%5Fmedium=referral&utm%5Fcampaign=hemi-your-signal-aggregator)* | | *\*APY/APR varies by strategy, custody jurisdiction, and market conditions.* | | ---------------------------------------------------------------------------- | ## Pure BTC-based Yield Opportunities | **Pool** | **APY/APR\*** | **Asset** | **Begin Earning** | | -------------------------------- | ------------- | ------------------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | SushiSwapV3 hemiBTC-WBTC | 19.7% | HEMI, hemiBTC | *[Learn More](https://www.sushi.com/hemi/pool/v3/0x519ce7290870ff699f7a1f7fc6aff00172f4fefc?utm%5Fsource=news.hemi.xyz&utm%5Fmedium=referral&utm%5Fcampaign=hemi-your-signal-aggregator)* | | Morpho: Lend hemiBTC | 18.6% | hemiBTC | *[Learn More](https://lite.morpho.org/hemi/earn?utm%5Fsource=news.hemi.xyz&utm%5Fmedium=referral&utm%5Fcampaign=hemi-your-signal-aggregator)* | | Lagoon:Deposit hemiBTC | 9.7% | hemiBTC | *[Learn More](https://app.lagoon.finance/vault/1/0x2a676c2744421b4fae65ce86b47adacb620047d4?utm%5Fsource=news.hemi.xyz&utm%5Fmedium=referral&utm%5Fcampaign=hemi-your-signal-aggregator)* | | StakeDAO hemiBTC-WBTC-cbBTC | 5.2% | hemiBTC-WBTC-cbBTC | *[Learn More](https://app.merkl.xyz/opportunities/hemi/CLAMM/0x0222C96283754e92c859336B95f293D061675463?utm%5Fsource=news.hemi.xyz&utm%5Fmedium=newsletter&utm%5Fcampaign=hemi-your-signal-aggregator&%5Fbhlid=7e9899171616119809d4a36299c39b983ae722a5)* | | Beefy Finance hemiBTC-WBTC-cbBTC | 4.7 % | hemiBTC-WBTC-cbBTC | *[Learn More](https://app.beefy.com/vault/stakedao-wbtc-cbbtc-hemibtc?utm%5Fsource=news.hemi.xyz&utm%5Fmedium=referral&utm%5Fcampaign=hemi-your-signal-aggregator)* | | *\*APY/APR varies by strategy, custody jurisdiction, and market conditions.* | | ---------------------------------------------------------------------------- | ![](https://storage.ghost.io/c/54/c6/54c6f660-26c3-4ce3-8ea1-ea7e37a8cc90/content/images/2026/08/weekly_trivia_-_section_header-t-1766162900-33.png) **A:** The OP\_RETURN opcode.