# Hermetica

> Hermetica develops institutional-grade, Bitcoin-backed yield products, including hBTC and USDh.

- [Welcome](https://docs.hermetica.fi/welcome.md)
- [Who We Are](https://docs.hermetica.fi/hermetica/who-we-are.md)
- [Overview](https://docs.hermetica.fi/hbtc/overview.md)
- [How it Works](https://docs.hermetica.fi/hbtc/how-it-works.md)
- [Flows](https://docs.hermetica.fi/hbtc/how-it-works/flows.md)
- [Yield](https://docs.hermetica.fi/hbtc/how-it-works/yield.md): Where does hBTC yield come from?
- [Basis](https://docs.hermetica.fi/hbtc/how-it-works/yield/basis.md)
- [Staking](https://docs.hermetica.fi/hbtc/how-it-works/yield/staking.md)
- [Liquidity](https://docs.hermetica.fi/hbtc/how-it-works/liquidity.md)
- [Risk Controls](https://docs.hermetica.fi/hbtc/how-it-works/risk-controls.md)
- [Accounting](https://docs.hermetica.fi/hbtc/how-it-works/accounting.md)
- [Governance](https://docs.hermetica.fi/hbtc/how-it-works/governance.md)
- [Smart Contracts](https://docs.hermetica.fi/hbtc/how-it-works/smart-contracts.md)
- [Transparency](https://docs.hermetica.fi/hbtc/transparency.md)
- [Reserve Fund](https://docs.hermetica.fi/hbtc/reserve-fund.md)
- [Audits](https://docs.hermetica.fi/hbtc/audits.md)
- [Fees](https://docs.hermetica.fi/hbtc/fees.md)
- [Risk Disclosures](https://docs.hermetica.fi/hbtc/risk-disclosures.md)
- [Infrastructure Risk](https://docs.hermetica.fi/hbtc/risk-disclosures/infrastructure-risk.md)
- [Smart Contract Risk](https://docs.hermetica.fi/hbtc/risk-disclosures/smart-contract-risk.md)
- [Counterparty Risk](https://docs.hermetica.fi/hbtc/risk-disclosures/counterparty-risk.md)
- [Market Risk](https://docs.hermetica.fi/hbtc/risk-disclosures/market-risk.md)
- [Operational Risk](https://docs.hermetica.fi/hbtc/risk-disclosures/operational-risk.md)
- [General Risk](https://docs.hermetica.fi/hbtc/risk-disclosures/general-risk.md)
- [Overview](https://docs.hermetica.fi/usdh/overview.md)
- [How it Works](https://docs.hermetica.fi/usdh/how-it-works.md)
- [Mint](https://docs.hermetica.fi/usdh/how-it-works/mint.md)
- [Security](https://docs.hermetica.fi/usdh/how-it-works/security.md)
- [Stability](https://docs.hermetica.fi/usdh/how-it-works/stability.md): How do we maintain the peg?
- [Yield](https://docs.hermetica.fi/usdh/how-it-works/yield.md): Where does sUSDh yield come from?
- [Backing](https://docs.hermetica.fi/usdh/how-it-works/backing.md)
- [Technical Primitives](https://docs.hermetica.fi/usdh/how-it-works/technical-primitives.md)
- [Historical Performance](https://docs.hermetica.fi/usdh/historical-performance.md)
- [Hermetica Reserve Fund](https://docs.hermetica.fi/usdh/hermetica-reserve-fund.md)
- [Audits](https://docs.hermetica.fi/usdh/audits.md)
- [Risk Disclosures](https://docs.hermetica.fi/usdh/risk-disclosures.md)
- [Collateral Risk](https://docs.hermetica.fi/usdh/risk-disclosures/collateral-risk.md)
- [Exchange Risk](https://docs.hermetica.fi/usdh/risk-disclosures/exchange-risk.md)
- [Liquidity Risk](https://docs.hermetica.fi/usdh/risk-disclosures/liquidity-risk.md)
- [Funding Rate Risk](https://docs.hermetica.fi/usdh/risk-disclosures/funding-rate-risk.md)
- [General Risk](https://docs.hermetica.fi/usdh/risk-disclosures/general-risk.md)
- [User Guides](https://docs.hermetica.fi/resources/user-guides.md): How to make the most of USDh.
- [Buy USDh](https://docs.hermetica.fi/resources/user-guides/buy-usdh.md)
- [Stake USDh](https://docs.hermetica.fi/resources/user-guides/stake-usdh.md)
- [Check Your Hermetica Portfolio](https://docs.hermetica.fi/resources/user-guides/check-your-hermetica-portfolio.md)
- [FAQs](https://docs.hermetica.fi/resources/faqs.md)
- [Legal](https://docs.hermetica.fi/resources/legal.md)
- [Privacy Policy](https://docs.hermetica.fi/resources/legal/privacy-policy.md): Hermetica Labs Privacy Policy
- [Terms of Service](https://docs.hermetica.fi/resources/legal/terms-of-service.md): Hermetica Labs Terms of Service
- [Risk Disclosure](https://docs.hermetica.fi/resources/legal/risk-disclosure.md)