Hemi is currently a unique project in the Bitcoin ecosystem, which has made the idea of "involving Bitcoin in DeFi" a reality. Simply put, it uses a unique approach: it does not modify Bitcoin itself, nor does it rely on traditional "bridges" or "asset packaging". Instead, it uses the hVM virtual machine to embed complete Bitcoin nodes into EVM. This way, familiar smart contracts on Ethereum can directly read Bitcoin's on chain state and perform operations based on real BTC transactions. On a technical level, @ hemiuxyz has implemented the construction of DeFi applications using the security of Bitcoin and the programmability of Ethereum. Native BTC can be borrowed, pledged, and traded directly within its network without the need to convert it into cross chain assets such as WBTC. Hemi also has its own Bitcoin Tunnels cross chain solution, where the asset transfer process from BTC to the Ethereum ecosystem does not rely on centralized custody, and there is no need to worry about the complex risks brought by multiple cross chain transactions. In terms of financing, Hemi has received investments from Binance Labs and multiple institutions, completing a $15 million financing round. The main network will be launched in March 2025, and within just 38 days, TVL has exceeded 1 billion US dollars. At present, the platform supports using BTC as collateral to earn profits, participate in lending or trading, and has designed a point reward mechanism, suitable for those who want to lay out in advance to participate. From the perspective of ecological cooperation, projects such as Sushi, LayerZero, and The Graph have begun to integrate with Hemi. It can be understood that Hemi is connecting BTC and Ethereum to form a new type of network that is both secure and programmable. If you hold BTC for a long time but also hope that BTC is not just a "hoard", Hemi may be a direction worth paying attention to. It doesn't do gimmicks, focuses on solving old problems with new architectures - truly allowing native Bitcoin to participate in DeFi. KaitoAI Yapmarket @KaitoAI Hemi