Velar Unveils Beta Launch of Velar Artha PerpDex on BOB
In Brief
Velar has officially kicked off the beta version of Velar Artha on BOB, representing a groundbreaking step as it introduces perpetual markets into the Bitcoin landscape.
Bitcoin trading protocol Velar has announced the beta release of its decentralized exchange (DEX) dedicated to perpetual swaps. Velar Artha PerpDex , on the hybrid Layer 2 network BOB This launch signifies the inaugural introduction of on-chain perpetual markets within the Bitcoin ecosystem.
"The introduction of the first PerpDex for Bitcoin is not merely a milestone for Velar and BOB, but represents a significant development for the entire Bitcoin DeFi space,\" stated Mithil Thakore, the Chief Executive Officer of Velar. \"This innovation provides Bitcoin holders with a dynamic new usage for Layer 2 assets while tapping into the missed opportunities of Bitcoin liquidity. On-chain perpetual swaps create a flexible DeFi primitive that enables users to maximize the potential of their bitcoin investments,\" he further explained.
The mainnet launch of Velar Artha PerpDex invites users to explore the innovative features and functionalities of the initial Bitcoin-centric DEX focused on futures trading.
By leveraging the robust security and network advantages of Bitcoin, combined with the adaptive nature and efficiency of perpetual contracts, Velar Artha sets the stage for a transformative phase in decentralized finance (DeFi). Situated on the BOB network, this platform guarantees quick trade execution, better scalability, and reduced transaction expenses, all while maintaining Bitcoin’s security standards. This framework allows traders to engage with sophisticated financial instruments without straying from the Bitcoin environment.
To start trading on Velar Artha, users can link their wallets to the BOB network . The platform’s non-custodial design assures that traders retain full authority over their assets, while smart market-making algorithms provide substantial liquidity to enhance the trading experience.
Velar Artha PerpDex Beta Features Up to 20x Leverage
Moreover, with the beta release of Velar Artha PerpDex , traders are offered perpetual contracts with leverage reaching up to 20x. The mainnet launch benefits from a robust liquidity pool, allowing users to enter leveraged positions in sought-after trading pairs. Initial liquidity will be gradually expanded, giving traders comprehensive access to the platform’s offerings.
Additionally, users interested in DeFi are invited to join the beta phase of Velar Artha and provide insights to enhance the exchange. In particular, various enhancements are on the horizon, including new trading pairs, an upgraded interface and user experience, advanced trading tools, analytics, and community governance initiatives.
"The launch of Velar Artha on BOB is incredibly thrilling,\" remarked BOB Co-Founder Alexei Zamyatin in a statement. \"As the pioneering BTC PerpDex, it exemplifies how BOB’s hybrid Layer 2 model can elevate Bitcoin-native trading, merging Bitcoin’s liquidity with substantial DeFi potential. This is a prime example of Bitcoin scaling in action,\" he expressed.
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