Hemi Labs, Bitcoin programmability network founded by Jeff Garzik, has collected $ 15 million in financing to speed up development and expand its ecosystem.
The round included yzi labs (Former Binance Labs)Republic Digital, Hyperchain Capital, Breyer Capital, Big Brain Holdings, Crypto.com and others, according to an E email message on Tuesday.
The company said the funds will support applications for borrowing, lending and trading on Bitcoin while developing its HEMI -virtual machine (Hvm)A layer that embeds a Bitcoin knot inside an Ethereum World Cup – the expression of a decentralized system that can execute smart contracts and process transactions at Ethereum.
“Bitcoin doesn’t have to be reinvented; it just needs the right tools around it,” said Garzik, one of Bitcoin’s earliest developers. “Hemi gives defi protocols a well -known way of building on Bitcoin without demanding new skills, compromising on security or sacrifice decentralization.”
Hemi now counts more than 100,000 verified users and 400,000 members of the community. Its ecosystem of 70 plus partners includes sushi, Layerzero, Metamask and Redstone. The total lock value has risen to $ 1.2 billion.
The mound follows Hemis Mainnet -Debut in March, launched with $ 440 million already engaged.
Hemis ecosystem includes sushi, layerzero, metamask and redstone. The total lock value has risen to $ 1.2 billion, Hemi said in the announcement.
Hemi’s growth reflects a wider wave of Bitcoin Defi projects seeking to mobilize BTC’s $ 2.3 trillion market capital. Competitors like Lombard, with its Liquid Staking -Token LBTC, and Bob, a hybrid chain that combines Bitcoin and Ethereum also builds infrastructure to transform Bitcoin from a passive value of value to an active component of decentralized funding.
