Velar Unveils PerpDex On Stacks, Pioneering Bitcoin's First Native Perpetual DEX
In Brief
With the debut of the first Bitcoin-native PerpDEX on Stacks, Velar is paving the way for a new era in the BTCFi sphere, empowering users to leverage positions while ensuring control over their holdings.
Bitcoin decentralized exchange protocol, Velar has launched its innovative decentralized perpetuals exchange (PerpDEX) on Bitcoin, built atop the Bitcoin Layer 2 infrastructure. Stacks The Velar PerpDEX signifies a notable advancement in the world of Bitcoin’s decentralized finance (DeFi), allowing users to trade leveraged futures while maintaining complete sovereignty over their holdings.
Mithil Thakore, the CEO of Velar, expressed in a statement, \"Our mission at Velar has consistently been to establish fundamental trading infrastructure that keeps both users and liquidity tied to Bitcoin. The launch of the inaugural PerpDEX on Bitcoin marks a significant milestone for the future of DeFi on the Bitcoin platform, enabling traders to enjoy leverage and substantial liquidity without stepping outside the Bitcoin ecosystem.\"
Now available at perpdex.velar.com, the platform's first trading pair is sBTC-USDh. USDh, developed by Hermetica, is recognized as the first synthetic Bitcoin dollar. In time, Velar PerpDex will expand to include additional trading pairs, allowing Stacks users to make leveraged trades, both long and short, across various assets, including Bitcoin.
As Jakob Schillinger, CEO of Hermetica, mentioned in a statement, \"Perpetual trading is one of the cornerstones of the crypto space, and now, thanks to Velar, it is finally viable on Bitcoin. USDh empowers perpetual trading as it serves as a stable and yield-generating base pair, specifically designed for Bitcoin DeFi.\"
Velar PerpDex Unleashes the DeFi Possibilities of Bitcoin With Sophisticated Trading Tools And Ample Liquidity
Combining robust security with deep liquidity, Velar PerpDex presents advanced trading functionalities. By leveraging Stacks, it also benefits from impressive five-second block times, complete decentralization, and absolute Bitcoin finality.
The introduction of Velar PerpDex is aimed at unlocking access to billions of dollars tied up within the Bitcoin ecosystem, empowering BTC holders to dive into DeFi opportunities while steering clear of custodial risks. This adds a potent new instrument to the Bitcoin DeFi toolkit, which holds promise for nurturing further innovation. Stacks .
Velar is crafting a user-friendly interface that enables seamless interaction with the most secure blockchain ever built. Velar Dharma simplifies Bitcoin token trading, offering a straightforward experience that requires just a few clicks. In the previous year, Velar partnered with Hermetica to launch a stableswap pool on the Stacks platform, contributing to liquidity for the USDh pool introduced there. partnered , please remember that the information on this page is not intended to serve as and should not be construed as legal, tax, investment, financial, or any other form of advice. It is crucial to invest only what you are comfortable losing and to seek independent financial guidance if you have any uncertainties. For more details, we recommend reviewing the terms and conditions alongside the help and support sections provided by the issuer or advertiser. MetaversePost strives for accurate, impartial reporting, but market conditions can change without prior notice.
Disclaimer
In line with the Trust Project guidelines Alisa, a committed journalist with the Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the vast landscape of Web3. With a sharp eye for emerging trends and technologies, she offers insightful coverage that keeps readers informed and engaged in the rapidly changing world of digital finance.
