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HERMETICA USDh MINTING CONTRACT SECURITY REVIEW
AUTHOR
KRISTIAN APOSTOLOV, ALIN BARBATEI (ABA)
PUBLISHED
MARCH 20TH, 2025
FINDINGS COUNT
13
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Hermetica's USDh is the first Bitcoin-backed synthetic dollar that yields up to 25%.
The Hermetica protocol couples spot BTC with a short perpetual futures position to create a synthetic dollar that is native to Bitcoin L1 and L2s.
Staked USDh, a Bitcoin backed, yield instruments accrues daily yields from perpetual futures funding rates.
Summary of Findings
2
HIGH FINDINGS
2
MEDIUM FINDINGS
1
Low FINDING
8
QA FINDINGS
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