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jakob.btc

@jakob_btc

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319
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Founder/CEO @HermeticaFi ; previously Kraken, Forbes 30u30

Joined March 2022
Don't wanna be here? Send us removal request.
@jakob_btc
jakob.btc
24 days
I couldn't be more excited to finally bring USDh to Stacks, combining two powerful Bitcoin technologies. 1. Stacks is the Bitcoin L2 that makes fast and secure Bitcoin DeFi a reality. 2. USDh — a stablecoin backed by Bitcoin — is a foundational building block for the new
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@jakob_btc
jakob.btc
3 months
Today marks the beginning of the Golden Age of Bitcoin DeFi. With USDh we now have another crucial building block live on Bitcoin L1: A bitcoin-backed dollar. Here's why that's a big deal 👇🧵
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@jakob_btc
jakob.btc
6 months
Today, we're announcing USDh: The first Bitcoin-backed, yield-bearing synthetic dollar. USDh is the missing primitive that will enable Bitcoin DeFi liquidity to match and eclipse all other ecosystems (yes, $BTC DeFi will surpass $ETH DeFi in the next 5 years). Here's why 👇
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@jakob_btc
jakob.btc
3 months
Only a few weeks from launching USDh on Stacks. We’re getting some final audits in order and focused on creating a simple user experience. Coming soon, frens.
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@jakob_btc
jakob.btc
6 months
Chatting with @easya_app on how to leverage hackathons to build companies on @Stacks
@Stacks
stacks.btc
6 months
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@jakob_btc
jakob.btc
25 days
👀
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@jakob_btc
jakob.btc
3 months
I just borrowed $13k in BTC on 15k of $USDh, 85% LTV @LiquidiumFi and @HermeticaFi are making Bitcoin DeFi a reality today
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@jakob_btc
jakob.btc
3 months
When I first learned about @Stacks a number of years ago, I was immediately impressed with @muneeb ’s integrity and focus on building for the long term. I now know that whole @Stacks ecosystem mirrors this ethos. Good to see that the SEC has finally also gotten the memo.
@muneeb
muneeb.btc
3 months
𝗡𝗘𝗪𝗦: SEC drops a three-year investigation into Stacks with no action. Earlier this week, we received word from the SEC that after 3 years, they are terminating their investigation into the @Stacks blockchain (the protocol) and Hiro System (a company) with no action. Stacks
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@jakob_btc
jakob.btc
11 months
Bitcoin DeFi will usher in a new era of global prosperity. With @Stacks unlocking Bitcoin as the foundational settlement layer we're finally able to build a transparent and secure financial system that gives access to every human on earth. Here's why this is a big deal 👇
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@jakob_btc
jakob.btc
25 days
This is the trade to earn BTC yield. Deposit BTC --> borrow USDh --> Stake for up to 25% yield --> Swap profits into BTC
@blaize_w
Blaize
25 days
"How can I safely generate yield on my Bitcoin?" I just got back from Token2049, and that's the question I heard most often. It's a loaded topic, but I have some thoughts... 🧵
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@jakob_btc
jakob.btc
3 months
sUSDh accrued 0.29% over the first 6 days of @HermeticaFi being live. That's 19.2% APY. Real yield, on Bitcoin L1
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@jakob_btc
jakob.btc
2 months
I spent my early career building an eyeglasses company in the developing world, primarily in West Africa. As the company continued to grow to about 25 employees, it was clear that we needed to move away from cash payments for payroll. When I proposed paying the team via bank
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@jakob_btc
jakob.btc
10 days
Runes code audit is coming, sers. Love this initiative. We need to hold each other accountable. Security is a mindset, not an event.
@ImBanksia
IanBanksia.btc
11 days
gm gm seems like a good day to make this little list on current state of audits in the Stacks ecosytem public: happy to correct any info, just ping me. (and no, forking a contract that was audited doesn't make your contract audited by proxy)
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@jakob_btc
jakob.btc
2 months
If you back your stablecoin by any other asset than BTC, you're betting on that ecosystem's survival. Fiat = bet on banking system ETH = bet on PoS I only want to bet on #Bitcoin
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@jakob_btc
jakob.btc
5 days
Fiat-backed stablecoins were a good first step. Bitcoin-backed stablecoins are the final destination.
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@jakob_btc
jakob.btc
2 months
CEO by day, CTO by night
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@jakob_btc
jakob.btc
22 days
One of the most in-depth conversations I've ever had about Hermetica's mission and my background. Worth a listen.
@longstreet_btc
Longstreet.btc
23 days
Join us!
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@jakob_btc
jakob.btc
8 days
Strap in frens. From what I'm seeing there's a solid spot bid below $60k & funding rates turned negative on the wick down. This could be it. Up only from here.
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@jakob_btc
jakob.btc
10 days
I guess up to 25% APY was too conservative :)
@HermeticaFi
Hermetica
10 days
Are you missing out on 28% APY on your stables, anon?
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@jakob_btc
jakob.btc
24 days
Swap any Stacks asset for USDh on @Bitflow_Finance
@Bitflow_Finance
Bitflow
24 days
$USDh is now live on the Bitflow liquidity hub!🌊 The first Bitcoin-backed synthetic dollar🔶by @HermeticaFi 🏁With Bitflow, you can trade USDh with all other SIP10s on Day 1!
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@jakob_btc
jakob.btc
9 days
For a fully independent DeFi, we need a fully independent stablecoin.
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@jakob_btc
jakob.btc
16 days
It's so good you almost don't want to tell anybody
@HermeticaFi
Hermetica
16 days
Providing liquidity into the USDh pool on @VelarBTC gives you a 108% APY right now. Probably nothing.
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@jakob_btc
jakob.btc
1 month
$54k might well be the bottom. Are you buying, anon? Or doom posting like the rest of X?🤔
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@jakob_btc
jakob.btc
19 days
If we can fix the money system, if we can store human energy efficiently, that's the most important technological innovation of our lifetimes. That's what Bitcoin does, and by extension USDh.
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@jakob_btc
jakob.btc
1 month
You know it's going to be a good Sunday if you're hanging out with legends like @jackbinswitch and @PeaceLoveMusicG to chat about all things Bitcoin and USDh.
@BitcoinliveDB
Bitcoinlive 🏴‍☠️ NftLiberty
1 month
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@jakob_btc
jakob.btc
2 months
Current stablecoin offerings have clear PMF. But they still exist within the fiat system (the dollars are held in fiat banks). USDh solves this.
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@jakob_btc
jakob.btc
2 months
Had a fun chat with @TheBlockRunner
@TheBlockRunner
ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast | 91.bitmap 🟧
2 months
DeFi on Bitcoin begins with the stablecoin primitives native to BTC We introduced BAMK a few months ago, now @HermeticaFi is bringing USDh to the ecosystem in an attempt to bring stablecoin utility to the market backed by Bitcoin itself How is this done? We explore 👇 How to
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@jakob_btc
jakob.btc
2 months
Excited to work with the fine folks at @ArchNtwrk to bring new DeFi rails to Bitcoin
@ArchNtwrk
Arch Network
2 months
Arch Presents @HermeticaFi : a Groundbreaking Stablecoin for Bitcoin A Bitcoin-backed stablecoin is a critical component for building a future for DeFi on the world’s most valuable and most decentralized blockchain. 🧵👇
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@jakob_btc
jakob.btc
10 days
@visionsbtc Nobody is perfect, especially not in startup land. But if we all hold each other accountable and point out how projects can improve, we get stronger together.
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@jakob_btc
jakob.btc
18 days
10k VELAR per day for providing USDh/asUSDC liquidity. What are you waiting for, anon?
@VelarBTC
Velar
18 days
Partnership Announcement 🤝 Velar teams up with @HermeticaFi to bring USDh to Stacks! 🔥 We're now the primary liquidity hub for this BTC-backed synthetic dollar yielding up to 25%. Starting today, USDh<>aeUSDC pool is live on Velar with 10,000 $VELAR rewards daily + 30x
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@jakob_btc
jakob.btc
2 months
The Bitcoin ecosystem lacked an essential building block  — a dollar asset that is: • Fully backed by Bitcoin • Outside the fiat system • Yield bearing • Native to Bitcoin L1 and L2s $USDh brings this to Bitcoin.
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@jakob_btc
jakob.btc
1 month
Awesome product by a legendary team. Can't wait to use it
@ZestProtocol
Zest Protocol 🍊
1 month
1/ It's time to bring the best of @babylonlabs_io and @Stacks together! Today, we're announcing Zest Protocol's first BTC yield product: BTCz BTCz uses Babylon for yield, and Stacks for security. Read how 👇
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@jakob_btc
jakob.btc
2 months
Bitcoin DeFi allows us to rebuild the financial system based on sound principles - permissionless access & transparency. Principles which the current TradFi system is sorely missing.
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@jakob_btc
jakob.btc
8 days
Typically there's an opportunity cost in holding dollars. USDh solves this.
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@jakob_btc
jakob.btc
24 days
Fun interview with the one and only @JuhyukB
@JuhyukB
MORBID-19 | DeSpread 🧙🏻‍♀️
24 days
$USDh is the new $USDe Listen to @jakob_btc from @HermeticaFi about $USDh, stablecoins on Bitcoin, and the upcoming Nakamoto Release! 00:00 Bitcoin is booming and we need stablecoins 03:38 USDh's design 10:02 FUD on synthetic stablecoins 12:52 Why build on Stacks? 15:54
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@jakob_btc
jakob.btc
2 months
BTC funding rates generate the yield for sUSDh But what exactly is a funding rate? Let's break it down 👇
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@jakob_btc
jakob.btc
6 months
Special thanks to the folks that have supported @HermeticaFi behind the scenes for many months @TychoOnnasch @alexandersblume (and the whole @two_prime team) @robin_liquidium @Rick_Sebastiaan & @Stacks @grant_nissly @mcuevasm And many more; you know who you are.
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@jakob_btc
jakob.btc
9 days
These are the tools we need for the ecosystem.
@txtxrun
txtx
10 days
🚀 Introducing Txtx (β): The ultimate companion for anchor/clarinet/foundry/hardhat (more soon). When these tools are great for writing and testing contracts/programs, Txtx is pushing the envelope on deployment & ops We need 50⭐️ to make it on brew, help:
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@jakob_btc
jakob.btc
2 months
Had a blast chatting with @OrdRevolution about all things Runes and $USDh
@OrdRevolution
Ordinal Revolution Podcast
2 months
Stable Coins On #Bitcoin with @HermeticaFi
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@jakob_btc
jakob.btc
2 months
Our friends at @Bitflow_Finance pushing the envelope
@Bitflow_Finance
Bitflow
2 months
🏄‍♂️ 1/8 Introducing Bitflow Swap Aggregator—the ultimate tool for finding the BEST RATES across all DEXs on Stacks.💸
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@jakob_btc
jakob.btc
3 months
Chatting with @Goodthings about USDh on Runes
@Goodthings
goodthings ▣⚡️BIP-420
3 months
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@jakob_btc
jakob.btc
2 months
A month ago 56k was an excellent buying opportunity. What's different now?
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@jakob_btc
jakob.btc
3 months
You could use @LiquidiumFi & $USDh loan looping to go leverage short BTC without liquidation risk: BTC --> USDh (1x short) USDh collateralized loan on Liquidium --> BTC BTC --> USDh (1.85x short) Repeat
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@jakob_btc
jakob.btc
7 days
Now is not the time to be bearish or timid. Are you fully allocated, anon?
@jakob_btc
jakob.btc
8 days
Strap in frens. From what I'm seeing there's a solid spot bid below $60k & funding rates turned negative on the wick down. This could be it. Up only from here.
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@jakob_btc
jakob.btc
3 months
And to make the journey into Bitcoin DeFi even more enticing, USDh comes with a Bitcoin-native yield of up to 25% that is sustainably generated as a by-product of the protocol's design.
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@jakob_btc
jakob.btc
3 months
USDh is the bridge to Bitcoin DeFi. A dollar asset native to Bitcoin will usher in the next phase in the adoption of a Bitcoin backed financial system. Strap in, anon. We're just getting started. The Golden Age of Bitcoin DeFi is here.
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@jakob_btc
jakob.btc
14 days
@muneeb We need to get this right, take your time core devs
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@jakob_btc
jakob.btc
2 months
Come join us in 5 min
@Stacks
stacks.btc
2 months
Check in with prominent DeFi builders in our ecosystem. Join us today with four incredible Bitcoin DeFi Founders: 1) Zest's @TychoOnnasch 2) Hermetica's @jakob_btc 3) Bitflow's @DiegoMey 4) Velar's @RainFire09
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@jakob_btc
jakob.btc
5 months
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@jakob_btc
jakob.btc
6 months
We're on the cusp of a new Golden Age for Bitcoin. The veil of ignorance that led to the Bitcoin Dark Ages post-2017 is violently being lifted and our builder's spirit is coming back with a vengeance. Maxis in disbelief.
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@jakob_btc
jakob.btc
2 months
USDh delivers yield (20%+ currently) on your otherwise idle dollars. You don’t get that with other stablecoins or a checking account.
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@jakob_btc
jakob.btc
3 months
But while the fiat system is on its way out, the dollar as a unit of account is still extremely important. Around the world, every bill, every loan, and every contract is denominated, directly or indirectly, in USD.
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@jakob_btc
jakob.btc
3 months
Let's face it, the fiat system is on its way out. We're at the dawn of a new Bitcoin-based financial system. An open financial system powered by the most immutable and secure computer network in the world. A financial system that is designed to serve the prosperity of humanity.
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@jakob_btc
jakob.btc
1 month
Chatting with Stacksy about all things USDh and Hermetica. Tune in tomorrow 1pm EST
@Stacksybtc
Stacksy.btc
1 month
Join my Ecosystem Explorer space with @HermeticaFi CEO @jakob_btc tomorrow! 🚀 We’ll dive into their $USDh stablecoin, offering Bitcoin-backed, yield-bearing synthetic dollars on @Stacks with up to 25% APY! 🤯 Curious what that means? Or want to learn more? 😅 Set your
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@jakob_btc
jakob.btc
6 months
Ordinals, Runes, L2s gave us the tools to create a decentralized financial system on top of the most secure chain. But until now, the Bitcoin ecosystem lacked an essential building block  -  a dollar asset that is: 1) Backed by BTC 2) Outside the fiat system 3) Yield bearing
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@jakob_btc
jakob.btc
11 months
A higher GDP means governments have more money to invest back into their countries, creating a positive feedback loop where education, healthcare and infrastructure blossom and reinforce each other. Can you see the path to a new era of global prosperity?
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@jakob_btc
jakob.btc
2 months
Let's be honest, TradFi works. It works if you're in a Western country and it REALLY works if you're wealthy and have access to exclusive products. But the reality is that it doesn't work (or barely works) for everybody else.
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@jakob_btc
jakob.btc
10 months
Excited to be a mentor for @OVioHQ 's upcoming #Bitcoin Base Camp. Let the building commence!
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@jakob_btc
jakob.btc
24 days
Join me on the Leather Lounge tomorrow
@LeatherBTC
Leather — Bitcoin wallet for the rest of us
24 days
ANNOUNCING: LEATHER LOUNGE Ep 22! Join @longstreet_btc & @aesthetekate for a deep dive into DeFi and USDh with @HermeticaFi founder & CEO @jakob_btc
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@jakob_btc
jakob.btc
2 months
boxing and mma, lift weights every other day. No days off
@levelsio
@levelsio
2 months
🏋️ I made a Deadlift ETF with only companies with CEOs that lift weights or do fight sports (not just cardio) It outperforms the S&P500 by 140% or 2.4x over the last 4 years! Lifting weights = $$$
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@jakob_btc
jakob.btc
8 days
33% real yield just by holding sUSDh on Runes or Stacks
@HermeticaFi
Hermetica
8 days
Maybe "up to 25%" was too conservative 👀
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@jakob_btc
jakob.btc
6 months
Today, this all changes. USDh is the dollar asset that accomplishes all the above, finally providing us with a Bitcoin-native unit of account that can power the on-chain Bitcoin economy.
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@jakob_btc
jakob.btc
11 months
And it all starts with Bitcoin DeFi as the foundation for a financial system that eliminates the ability for people to lie, steal and cheat. Sound good? Then strap in as we're just getting started.
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@jakob_btc
jakob.btc
2 months
L1 is the foundation: high security, minimal trust. But let's be honest, L1 is also limited - it's slow and expensive. L1 is the the foundation. The mother-chain. L2s is where we reach hockey stick, mass adoption.
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@jakob_btc
jakob.btc
6 months
What is exactly is USDh? In simple terms, it's Bitcoin + a short futures position. Think of USDh as Bitcoin hedged - Bitcoin that consistently holds a stable dollar value.
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@jakob_btc
jakob.btc
3 months
Simply put, we can't transition to a new Bitcoin based system without, for now, taking the dollar with us. That’s why we built USDh: A dollar backed by the hardest asset in the world, native to the most secure blockchain on the planet.
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@jakob_btc
jakob.btc
6 months
Bitcoin backed means USDh is Bitcoin all the way down. No fiat in a bank account No treasuries or other RWAs No shitcoins Just Bitcoin. The apex collateral asset.
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@jakob_btc
jakob.btc
6 months
@robin_liquidium @HermeticaFi Thanks for your support brother
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@jakob_btc
jakob.btc
1 month
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@jakob_btc
jakob.btc
3 months
With USDh you can now hold dollars and earn yield without relying on fiat. With USDh there are no banks, no altchains, just Bitcoin. And when you hold USDh you're actually still holding BTC. 🤯 Every USDh is backed by, and redeemable for, one dollar worth of BTC.
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@jakob_btc
jakob.btc
6 months
USDh is the ideal dollar asset for the Bitcoin ecosystem. Starting this summer, you'll be able to hold a dollar value without leaving Bitcoin and at the same time earn a juicy yield. USDh is the missing piece to supercharge Bitcoin DeFi and bring all liquidity back to the 👑
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@jakob_btc
jakob.btc
21 days
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@jakob_btc
jakob.btc
11 months
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@jakob_btc
jakob.btc
17 days
BTFD
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@jakob_btc
jakob.btc
8 days
@Dera_BTC @StackingDao @HermeticaFi Backing will be BTC for the foreseeable future but minting with STX assets is certainly on the roadmap. The STX assets will be swapped to BTC though
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@jakob_btc
jakob.btc
11 months
@BtcRapha Thanks for your excellent questions and feedback Rapha.
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@jakob_btc
jakob.btc
1 month
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@jakob_btc
jakob.btc
6 months
I'll be speaking at Building on Bitcoin on April 25th. Tune in to learn about DeFi, rollups, Ordinals, Scaling Bitcoin with Layer 2s, etc. Register for free: #BitcoinBuilders
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@jakob_btc
jakob.btc
1 year
We're live!
@HermeticaFi
Hermetica
1 year
The first sBTC testnet app is finally here! Introducing the Hermetica Earn vault: Leveraging @Stacks ' sBTC dev release we are offering a glimpse into the future - the first non-custodial Earn product fully powered by #Bitcoin . Learn more 👇
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@jakob_btc
jakob.btc
9 months
I will be speaking at Building on Bitcoin on February 22 We’re gathering to discuss all things DeFi, rollups, Ordinals, Scaling Bitcoin with Layer 2s, and what devs are building on Bitcoin. Register here: #BitcoinBuilders
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@jakob_btc
jakob.btc
1 month
We already have stablecoins with clear PMF, so why do we need USDh? 👇
@HermeticaFi
Hermetica
1 month
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@jakob_btc
jakob.btc
7 days
@robin_liquidium Just bought more, you can never own enough LIQUIDIUM*TOKEN
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@jakob_btc
jakob.btc
10 days
@LMNOstacks @ZestProtocol @LeatherBTC @XverseApp What about (6) Staking USDh for passive income?
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@jakob_btc
jakob.btc
1 month
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@jakob_btc
jakob.btc
8 days
@Stacksybtc @jackbinswitch Deep relationships happen on the soul level. Machines don't have souls. I love the idea of Optimus as my personal assistant. Sex or life partner? No thanks
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@jakob_btc
jakob.btc
3 months
@Bitflow_Finance The best of the best
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@jakob_btc
jakob.btc
6 months
@robin_liquidium It's just the beginning
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@jakob_btc
jakob.btc
2 months
@btc_skull @HermeticaFi @LiquidiumFi Lowest borrow APY = lowest risk of default
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@jakob_btc
jakob.btc
1 month
@visionsbtc Velar world domination
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@jakob_btc
jakob.btc
3 months
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@jakob_btc
jakob.btc
5 days
@OumarXq1 My last name is Schillinger after all 😉
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@jakob_btc
jakob.btc
19 days
@grant_nissly One of my favorites
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@jakob_btc
jakob.btc
2 months
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@jakob_btc
jakob.btc
2 months
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