Ex-TRON lead Hunter Rogers has joined Bitcoin-native yield platform TeraHash, aiming to drive further adoption of Bitcoin across the decentralized finance ecosystem.
Summary
- TeraHash has added ex-TRON lead Hunter Rogers to its leadership team.
- Rogers joins as co-founder and will drive the Bitcoin DeFi protocol’s next growth phase.
- TeraHash brings hashrate-backed BTC yield to DeFi.
TeraHash announced Thursday, Nov. 6, that Rogers’ expertise, including in institutional partnerships, will be key to positioning the platform as the go-to protocol for hashrate-backed Bitcoin (BTC) yield.
Why it matters
BTC-native yield is a segment that seeks to expand the Bitcoin DeFi market with an institutional-grade mining yield offering.
TeraHash offers this via tokenized hashrate, enabling liquid staking and allowing customers to earn up to 50% of annual BTC rewards.
It’s a question of how to unlock the over $20 billion annual mining revenue for DeFi users.
In this case, Rogers, as a co-founder, is set to lead TeraHash’s next growth phase toward this goal.
The expectation is that Rogers will tap into his experience and network to drive ecosystem partnerships and institutional outreach, among other initiatives, to make TeraHash the institutional standard for Bitcoin mining yield.
The former TRONDAO lead joins the BTC-focused project ahead of its mainnet launch.
“Bitcoin’s next evolution lies in making its $20 billion annual mining yield accessible through transparent, on-chain infrastructure. TeraHash is building that bridge, as it transforms physical hashrate into liquid, composable, and accessible yield primitives for institutions and individuals alike,” Rogers said.
TeraHash eyes Bitcoin DeFi momentum
The global cryptocurrency market has seen a resurgence in decentralized finance adoption in recent months, with lending liquid staking and restaking notching an uptick.
Protocols across Ethereum, Solana and BNB Chain have recorded significant bumps in total value locked.
Bitcoin DeFi is also gaining momentum, helped by growing institutional interest in BTCFi.
Layer 2 solutions such as Stacks, Rootstock, Merlin Chain and Babylon are major players in the growing ecosystem.
However, as TeraHash notes, its solution is the leading player in a “native, composable yield product” targeted for Bitcoin mining.
With a hash rate-backed yield, users stake the THS token and receive daily Bitcoin rewards. But more than that, the protocol integrates with DeFi to connect users to crypto lenders, trading platforms, and yield aggregators.
According to DeFiLlama, the total value locked in Bitcoin DeFi protocols currently stands at over $7.57 billion. Babylon, Lombard Finance and Threshold Network lead in the TVL race.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin may drop below $60,000: The breakeven period could extend to 2027, and the selling pressure from whales intensifies the downside risk.
Recent data shows that if Bitcoin falls below $60,000 again, the time for the market to recover to its historical high could be delayed until 2027. Analysts believe that the current pullback and market conditions suggest there is still room for further downside, coupled with increased selling by whales, which intensifies the pressure on market recovery.
BlockBeatNews3m ago
Spot Bitcoin ETFs End Four-Week Inflow; Capital Avoids Directional Risk
Spot Bitcoin exchange-traded funds (ETFs) shifted gears this week, snapping a four-week streak of inflows and posting a net outflow of $296.18 million for the period ending Friday. The reversal comes after a sustained run that had drawn more than $2.2 billion into spot BTC ETFs over the prior four w
CryptoBreaking6m ago
Bitcoin Warning: Why This Weekend Could Be ‘Highly Eventful’ as War Enters 2nd Month
It was precisely a month ago when the US and Israel joined forces to carry out military strikes against several Iranian sites, including killing the nation’s Supreme Leader, in what was advertised as a relatively quick operation.
Although Trump bragged several times that the US is ahead of
CryptoPotato23m ago
Spot Bitcoin ETFs break 4-week inflow streak as capital avoids ‘directional risk’
Spot Bitcoin exchange-traded funds (ETFs) snapped a four-week inflow streak, posting $296.18 million in net outflows for the week ending Friday.
The reversal follows a sustained run of inflows totaling more than $2.2 billion across four consecutive weeks, including $787.31 million, $568.45 million
Cointelegraph23m ago
