Hunter Rogers Joins TeraHash
Hunter Rogers, previously a prominent figure at TRON, has taken on a new role with TeraHash, a platform focused on creating yield opportunities for Bitcoin in the decentralized finance (DeFi) space. On November 6, TeraHash publicly revealed that Rogers would utilize his extensive background, particularly in forming institutional partnerships, to enhance the platform’s stature as the preferred choice for Bitcoin yield products based on hashrate.
Innovative Approach to Bitcoin Yield
TeraHash’s innovative approach involves tokenizing hashrate assets, which facilitates liquid staking and presents the opportunity for customers to gain as much as 50% in annual Bitcoin rewards. The initiative responds to the challenge of making Bitcoin’s substantial $20 billion yearly mining returns accessible to DeFi participants. As co-founder, Rogers is poised to spearhead TeraHash’s growth strategy aimed at realizing this ambition.
Driving Institutional Engagement
Rogers is expected to leverage his experience and industry connections to forge essential partnerships and drive institutional engagement, solidifying TeraHash’s position as a leading player in Bitcoin’s mining yield space.
“The future of Bitcoin hinges on unlocking its $20 billion annual mining yield via transparent on-chain frameworks. TeraHash is creating that connection, converting physical hashrate into liquid and accessible yield models for both institutions and individuals,”
Rogers explained in a statement.
Growing DeFi Landscape
The broader cryptocurrency market has witnessed a renewed enthusiasm for decentralized finance, with rising trends in lending, liquid staking, and restaking. Major blockchain networks, including Ethereum, Solana, and BNB Chain, have experienced notable increases in total value locked (TVL). Bitcoin’s DeFi scene is also on the upswing, driven by escalating institutional engagement in Bitcoin financial services. Layer 2 solutions like Stacks, Rootstock, Merlin Chain, and Babylon are vital contributors to this developing landscape.
TeraHash’s Unique Offering
However, TeraHash asserts that its offering is distinct in providing a native and composable yield product rooted in Bitcoin mining. Users who stake the THS token receive daily Bitcoin rewards, enhancing user engagement with DeFi through connections to crypto lending, trading platforms, and yield aggregators. As reported by DeFiLlama, Bitcoin DeFi protocols now hold a total value locked exceeding $7.57 billion, with Babylon, Lombard Finance, and Threshold Network leading this metric.
