Former TRON boss Hunter Rogers has joined forces with TeraHash, a Bitcoin native yield platform, to drive further adoption of Bitcoin across the decentralized finance ecosystem. This strategic move aims to leverage Rogers’ expertise in institutional partnerships to position TeraHash as the go-to protocol for hashrate-backed Bitcoin (BTC) yield.
Driving Growth in Bitcoin DeFi
TeraHash announced Rogers’ appointment as co-founder on Thursday, November 6, highlighting his role in driving the next phase of growth for the Bitcoin DeFi protocol. The platform brings hashrate-backed BTC yield to DeFi, offering a unique opportunity for users to tap into over $20 billion in annual mining revenue.
The BTC-native yield segment aims to expand the Bitcoin DeFi market with an institutional-level mining yield offering. TeraHash achieves this through a tokenized hash rate, enabling fluid staking and allowing customers to earn up to 50% of annual BTC rewards.
Expertise and Network
Rogers, with his extensive experience and network, is expected to lead TeraHash’s ecosystem partnerships and institutional outreach. His goal is to establish TeraHash as the institutional standard for Bitcoin mining yields. As the former TRONDAO leader, Rogers joins the BTC-focused project ahead of its mainnet launch, bringing valuable insights and expertise to the table.
“Bitcoin’s next evolution is to make its $20 billion in annual mining yield accessible via transparent on-chain infrastructure. TeraHash builds this bridge by turning physical hashrate into liquid, composable and accessible yield primitives for institutions and individuals alike,” said Rogers.
Bitcoin DeFi Momentum
The global cryptocurrency market has seen a resurgence of decentralized finance in recent months, with liquidity lending through staking and re-staking experiencing an upward trend. Protocols on Ethereum, Solana, and the BNB chain have seen a significant increase in total value locked.
Bitcoin DeFi is also gaining momentum, supported by growing institutional interest in BTCFi. Layer 2 solutions such as Stacks, Rootstock, Merlin Chain, and Babylon are key players in the growing ecosystem. However, TeraHash notes that its solution is the leading player in a “native, composable yield product” aimed at Bitcoin mining.
Hashrate-Backed Yield
With hash rate-backed yield, users stake the THS token and receive daily Bitcoin rewards. Additionally, the protocol integrates with DeFi to connect users with crypto lenders, trading platforms, and yield aggregators. According to DeFiLlama, the total value of Bitcoin DeFi protocols is currently over $7.57 billion, with Babylon, Lombard Finance, and Threshold Network leading the TVL race.
For more information on TeraHash and its mission to drive growth in Bitcoin DeFi, visit https://crypto.news/bitcoin-yield-protocol-terahash-tron-drive-growth/
