At Velar, our journey in the Bitcoin DeFi space has been one of rapid growth, innovation, and community building. As we embark on our next chapter, it’s time to unveil a brand refresh that not only reflects where we’ve been but also where we’re headed.

This update is more than just a new look — it’s a statement of our commitment to the future of Bitcoin DeFi, expressed through a carefully crafted design language that balances elegance, confidence, and a deep connection to the Bitcoin ecosystem.

Introducing a Confident New Chapter: A Logo Evolution That Honors Bitcoin’s Legacy

With our brand refresh, we embarked on a logo evolution that honors both Velar’s legacy and Bitcoin’s enduring influence. Our new logo is bolder and more striking, designed to stand out in a crowded market. Just as Bitcoin is here to stay, Velar is forever — a brand that embodies resilience, innovation, and the unshakeable belief in the future of decentralized finance. This evolution is not just about aesthetics; it’s about making a statement that Velar, like Bitcoin, is here to stay, to build, and to lead.

As part of this refresh, we’ve introduced new colors — blue and orange — that inject a sense of confidence and energy into Velar’s visual identity. Blue, with its associations of trust, innovation, and reliability, complements our commitment to security and cutting-edge technology. Orange, a color deeply associated with Bitcoin since its early days, adds a vibrant pop of color to our brand.

The choice of orange is no coincidence. Since 2013, when the Bitcoin symbol was first designed with an orange circle and a white “B” has become synonymous with Bitcoin. The color orange has since become a rallying point for the Bitcoin community. By incorporating orange into our brand, we’re not just adding energy and enthusiasm to our visual identity — we’re also paying homage to the very foundation of the cryptocurrency world that Velar builds upon.

Together, these colors breathe new life into our brand, making it not only more memorable but also more reflective of our forward-looking vision and our roots in the Bitcoin ecosystem.

A New Identity Across Every Touchpoint

Starting today, you’ll see this new brand identity across all of our touchpoints — Velar DEX, PerpDex, Bridge, website, social media platforms, and beyond. This transition marks an important milestone in Velar’s journey, signifying our growth and our readiness to make an even bigger impact in the Bitcoin DeFi space.

A Bold Statement for the Future

Our brand refresh is more than just a visual update — it’s a declaration of our ambition and our belief in the future of decentralized finance. As we continue to grow and innovate, this new identity will serve as a constant reminder of who we are, where we came from, and where we’re going.

“Bitcoin’s rapid evolution has allowed it to become the foundation of a more equitable financial system — one without international boundaries or intermediaries, that everyone can participate in,” explains Mithil Thakore, CEO. “Velar has been at the forefront of that metamorphosis. Just as Bitcoin’s identity evolves, so does ours, with a fresh image that reflects how we’re enhancing the value of its ecosystem.”

Just as Bitcoin has proven its staying power over the years, Velar is committed to being a permanent fixture in the DeFi landscape. Our refreshed brand embodies this commitment: Velar is forever, just as Bitcoin is forever. We’re building on the solid foundation that Bitcoin has laid, creating financial tools and services that extend its capabilities and bring the power of decentralized finance to more people around the world.

“At Velar, we’ve always believed in the power of Bitcoin, but our brand didn’t fully reflect the bold vision we have for the future,” notes Peter Watson, CMO. “This refresh is a reflection of that ambition — a commitment to push the boundaries of Bitcoin DeFi, both in technology and identity.”

Thank you for being a part of our journey. We’re excited to share this new chapter with you and to continue building the future of Bitcoin DeFi together.

Access Velar’s updated brand assets and guidelines to integrate our refreshed identity into your projects and communications.

Velar’s Brand Refresh: Embracing Evolution, Honoring Our Roots was originally published in Velar Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

Today, we’re thrilled to unveil the beta mainnet launch of Velar Artha PerpDex on BOB (Build on Bitcoin). This milestone marks the debut of the world’s first Bitcoin-native perpetual decentralized exchange, ushering in a new era of possibilities for Bitcoin traders and enthusiasts alike.

Velar Artha PerpDex represents the culmination of years of innovation in both the Bitcoin and DeFi spaces. By leveraging the robust security and unparalleled network effects of Bitcoin, combined with the flexibility and capital efficiency of perpetual contracts, we’re opening up a new frontier in decentralized finance.

Our platform is built on BOB, a cutting-edge layer-2 solution for Bitcoin, which allows us to offer lightning-fast trades, enhanced scalability, and reduced transaction costs — all while maintaining the security guarantees of the Bitcoin network. This integration allows traders to engage with sophisticated financial products without ever leaving the Bitcoin ecosystem.

With Velar Artha PerpDex, we’re not just launching a new trading platform; we’re catalyzing a shift in how the world perceives and interacts with Bitcoin. For the first time, traders can access perpetual contracts, leverage up to 20x, and enjoy the benefits of decentralized finance, all within a Bitcoin-native environment. This launch represents a significant step towards realizing Bitcoin’s potential as a comprehensive financial system, capable of supporting a wide array of complex financial instruments and trading strategies.

As we embark on this beta phase, we invite the community to join us in shaping the future of Bitcoin-native DeFi. Your participation, feedback, and insights will be crucial in refining and evolving Velar Artha PerpDex, ensuring that we build a platform that truly serves the needs of the Bitcoin community and pushes the boundaries of what’s possible in decentralized finance.

Stay tuned as we delve deeper into the features, benefits, and revolutionary potential of Velar Artha PerpDex in the following sections.

A New Era for Bitcoin Trading

Velar Artha PerpDex represents a significant leap forward in the Bitcoin ecosystem. For the first time ever, traders can engage with perpetual contracts directly on a Bitcoin-native platform, combining the security and liquidity of Bitcoin with the flexibility of perpetual swaps.

Key Features:

1. Bitcoin-Native Architecture: Built on BOB, Velar Artha PerpDex leverages Bitcoin’s robust security model and vast liquidity pool.
2. Up to 10x Leverage: Amplify your trading potential with our carefully balanced leverage options.
3. Lightning-Fast Trades: Experience near-instantaneous trade execution, powered by BOB’s cutting-edge technology.
4. Non-Custodial Security: Maintain full control of your assets. Your keys, your coins — always.
5. Innovative Liquidity Model: Our advanced PerpDex mechanism ensures deep liquidity for smooth trading experiences.

Why This Matters

The launch of Velar Artha PerpDex is more than just a new trading platform. It’s a paradigm shift in how we interact with Bitcoin:

• DeFi on Bitcoin: We’re bringing the innovative world of decentralized finance directly to the Bitcoin ecosystem.
• Increased Capital Efficiency: Perpetual contracts allow traders to maximize their capital utilization.
• Broader Market Access: Open up new trading strategies and opportunities previously unavailable in the Bitcoin space.

Getting Started

Ready to experience the future of Bitcoin trading? Here’s how to get started:

1. Visit https://perpdex.velar.com
2. Connect your Bitcoin wallet to BOB
3. Start trading (remember, it’s a beta — trade responsibly!)

Please keep in mind:

• Some features may be temporarily limited or unavailable as we fine-tune the platform.
• Leverage options might be restricted for larger positions to ensure platform stability and user safety.
• The platform uses a WBTC/USDT pool for liquidity, but relies on a BTC/USD price feed for accurate pricing information.
• We’re continuously monitoring and improving the system based on real-world usage and user feedback.

What’s Next?

This beta launch is just the beginning. We’re committed to continually improving and expanding Velar Artha PerpDex. In the coming months, look forward to:

- Additional trading pairs

- Enhanced UI/UX features

- Advanced trading tools and analytics

- Community governance initiatives

Join Us

We believe Velar Artha PerpDex will play a crucial role in Bitcoin’s evolution as a financial platform. We invite you to join us on this exciting journey:

- Follow us on X(Formerly Twitter): @VelarBTC

- Join our Discord: https://discord.gg/velarbtc

- Subscribe to our newsletter for updates and insights

Your feedback during this beta phase is invaluable. Together, we’ll shape the future of Bitcoin-native DeFi and show the world what Bitcoin can really do.

Welcome to the new era of decentralized perpetual trading. Welcome to Velar Artha PerpDex.

Announcing the Beta Mainnet Launch of Velar Artha: The World’s First PerpDex on Bitcoin was originally published in Velar Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

Velar is thrilled to announce our strategic partnership with BOB (Build on Bitcoin), the pioneering hybrid Layer-2 solution that seamlessly merges the Bitcoin and Ethereum ecosystems. This collaboration represents a significant leap forward in our mission to foster innovation and unlock the full potential of Bitcoin DeFi.

BOB’s innovative approach harnesses the unrivaled security and liquidity of Bitcoin while leveraging Ethereum’s EVM for smart contract functionality, creating a powerful hybrid Layer-2 ecosystem. By bridging these two industry-leading networks, BOB empowers Velar to create decentralized applications (dApps) that benefit from the best of both worlds.

Velar’s partnership with BOB is rooted in our shared commitment to providing users with a secure, accessible, and feature-rich environment for interacting with dApps. BOB’s rollup ecosystem, which utilizes Bitcoin for settlement and security while granting access to Ethereum’s extensive suite of dApps, stablecoins, NFTs, and DeFi protocols, perfectly complements Velar’s objectives.

A key factor in Velar’s decision to collaborate with BOB is its EVM compatibility, enabling developers to seamlessly integrate existing tools and infrastructure, such as Solidity, Hardhat, and Metamask. This compatibility ensures a frictionless experience for our team of developers looking to build on the Bitcoin network while harnessing the power of Ethereum’s ecosystem.

Furthermore, BOB’s Rust zkVM, which supports Bitcoin’s Rust libraries and facilitates off-chain execution of Rust programs with ZK proofs, presents exciting opportunities for secure and efficient smart contract development. This cutting-edge technology aligns perfectly with Velar’s dedication to equipping our developer community with state-of-the-art tools and resources.

As part of our partnership, Velar will collaborate closely with the BOB team to integrate our highly anticipated Velar Artha PerpDex with BOB’s infrastructure. By leveraging BOB’s hybrid Layer-2 solution, we aim to introduce the benefits of perpetual trading to both the Bitcoin and Ethereum communities, driving increased liquidity and accessibility.

In the coming weeks, we will provide further details about our joint efforts and the exciting developments on the horizon. Velar remains steadfast in our commitment to delivering cutting-edge Bitcoin DeFi solutions to our users, and our partnership with BOB serves as a testament to that dedication.

Stay tuned for additional announcements as we embark on this transformative journey to shape the future of the Bitcoin-Ethereum hybrid Layer-2 landscape.

Velar Partners with BOB to Expand Artha PerpDex to Bitcoin-Ethereum Hybrid Layer-2 was originally published in Velar Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

Velar is thrilled to announce a strategic partnership with Bitlayer, a Layer 2 solution built on the Bitcoin network. This collaboration marks a significant milestone in our mission to drive innovation and expand the capabilities of the Bitcoin ecosystem.

Bitlayer’s groundbreaking approach, which leverages zero-knowledge (ZK) rollup and the BitVM paradigm, aligns perfectly with Velar’s vision of a scalable, programmable, and secure Layer 2 infrastructure. By integrating the robustness of Bitcoin with the flexibility of smart contracts, Bitlayer opens up a world of possibilities for developers and users alike.

One of the key aspects that drew Velar to Bitlayer is its Layered Virtual Machine (LVM) architecture. The LVM enables seamless support for various smart contract execution environments, such as EVM and CairoVM, while maintaining the highest security standards. This flexibility allows Velar to build and deploy innovative decentralized applications (dApps) such as PerpDex on the Bitcoin network with ease.

Moreover, Bitlayer’s optimistic execution model, combined with its efficient ZK-STARK Verifier, ensures fast transaction processing and low costs without compromising security. The platform’s Bitcoin-friendly FRI (Fast Reed-Solomon IOP of Proximity) protocol further optimizes the verification process, making it one of the most efficient ZK-STARK Verifiers available on the Bitcoin network.

Velar’s decision to partner with Bitlayer stems from our shared commitment to preserving the ethos of Bitcoin while enabling the development of innovative DeFi applications. Bitlayer’s unique architecture strikes the perfect balance between scalability and security, allowing Velar to build cutting-edge dApps without sacrificing the core principles that make Bitcoin the most trusted and reliable blockchain.

By leveraging Bitlayer’s advanced features, such as the trustless dual-channel cross-chain bridge, Velar can offer users a seamless and secure way to interact with DeFi applications on the Bitcoin network. This partnership enables Velar to bring the benefits of DeFi, such as enhanced liquidity, accessibility, and financial inclusion, to the Bitcoin community without compromising on decentralization or security.

As a testament to our confidence in Bitlayer’s technology, Velar is working closely with the Bitlayer team to explore the integration of our highly anticipated Velar Artha PerpDex. Bitlayer’s robust infrastructure and commitment to Bitcoin’s core values make it an ideal foundation for the PerpDex, which aims to bring perpetual trading to the Bitcoin ecosystem.

In the coming days, we will share more details about our collaboration and the exciting developments that lie ahead. Velar is committed to delivering cutting-edge solutions to our users, and our partnership with Bitlayer is a testament to that commitment.

Stay tuned for further announcements and prepare for a new era of possibilities on the Bitcoin Layer 2 landscape.

Velar and Bitlayer Join Forces to Revolutionize Bitcoin DeFi was originally published in Velar Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

We are thrilled to introduce MemeStacker, a platform that empowers anyone to create and deploy their own Memecoin token on the Stacks blockchain with unprecedented ease. Powered by Velar, MemeStacker represents the first-ever Memecoin standard and deployment tool specifically designed for the Stacks ecosystem, offering a seamless and secure experience for both Memecoin creators and traders alike.

In the dynamic and fast-paced world of cryptocurrencies, Memecoins have emerged as a popular and exciting way to engage with blockchain communities. However, launching a Memecoin has often been a complex and daunting process — until now. With MemeStacker, we’ve streamlined the token creation process into a few simple steps, making it accessible to creators of all technical backgrounds. Best of all, MemeStacker doesn’t charge any platform fees for creating and deploying your Memecoin — you only need to cover the standard Stacks transaction fee.

MemeStacker is our gift to the community, as we believe in the power of a permissionless platform built by the community, for the community. By providing a user-friendly and accessible tool for Memecoin creation, we aim to foster innovation, creativity, and collaboration within the Stacks ecosystem. We invite everyone to explore the possibilities of MemeStacker and contribute to the vibrant and ever-growing Memecoin landscape on the Stacks blockchain.

To get started with launching your own Memecoin on Stacks using MemeStacker, simply follow these steps:

1. Connect your Stacks wallet

MemeStacker supports both the Leather and Xverse wallets, ensuring compatibility with your preferred Stacks wallet provider.

2. Deploy your token

Provide the essential information to define your Memecoin, including:

• Meme Name: Choose a memorable and catchy name for your token.
• Symbol: Enter the trading symbol for your Memecoin (e.g., MEME).
• Decimals: Specify the number of decimal places for your token (between 0 and 10).
• Supply: Determine the total supply of your Memecoin.
• URI: Provide the link to your project’s json with all details regarding your memecoin such as name, symbol, link to image, etc.

With all the necessary information filled in, simply click the “Deploy Token” button, and MemeStacker will handle the rest, creating and deploying your Memecoin on the Stacks blockchain.

It’s worth noting that blockchain fees might be a bit higher for deploying a token.

3. Distribute your token

Once your Memecoin is successfully deployed, MemeStacker makes it simple to distribute tokens to your community and supporters. To send tokens to holders, just provide the following details:

• Token name: Select the Memecoin you wish to distribute.
• Recipient address: Enter the Stacks address of the token recipient. The recipient address will receive
• Number of tokens: Specify the amount of tokens to be sent.
• Owner address: Provide your own wallet address as the contract owner.
• Add new holder: You can add up to 1000 additional addresses as token holders.

4. Listing you token

Please note that after deploying your Memecoin, the next steps, such as creating a liquidity pool and enabling token swaps for users, are currently manual processes.

However, we are actively working on automating these features, which will be available in the coming weeks. If you would like to list your Memecoin on the Velar Dharma AMM in the meantime, please fill the form in the listing section on memestacker.com.

With these intuitive tools, MemeStacker significantly reduces the barriers to entry for Memecoin creation and distribution, fostering a more inclusive and vibrant Memecoin ecosystem on Stacks.

We invite you to join the Memecoin mania on Stacks by exploring MemeStacker today. Whether you’re a seasoned crypto enthusiast or a newcomer to the world of Memecoins, MemeStacker provides the tools and infrastructure you need to bring your creative token ideas to life.

Experience the power and simplicity of MemeStacker firsthand and let’s kickstart the meme season on the Stacks blockchain. Visit our platform now and embark on your Memecoin journey with ease and confidence!

Announcing MemeStacker: The Easiest Way to Launch Your Memecoin on Stacks was originally published in Velar Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

Velar Points brings our unique value proposition that sets Velar apart from other platforms. These points are not just a reward system but also represent Velar’s innovative approach to engaging and appreciating its community of liquidity providers and participants.

Unlike traditional rewards, Velar Points offer a dynamic, performance-based incentive directly correlating with users’ contributions to the platform’s liquidity and stability. This distinctive mechanism helps foster a more committed and active community, enhancing the DeFi experience for all those involved.

How Do Velar Points Work?

Velar Points can be earned through active participation in various liquidity pools, such as STX-aeUSDC, STX-ABTC, and others, each designed to cater to different market needs and preferences. The significance of each pool lies in its contribution to the overall health and efficiency of the DeFi market on Velar, ensuring a diversified and robust ecosystem.

Velar attempts to ensure fairness and transparency in point allocation through a clear, formula-based system that takes into account the USD value of staked LP tokens and the relative allocation points of each pool.

Tracking and Updates

The seamless integration between users’ wallets and the Velar platform utilizes blockchain technology, enabling real-time tracking and secure, transparent updates.

Updates are provided at the end of every 24-hour cycle, based on UTC, allowing users to monitor their status and potentially adjust their participation approaches accordingly. This transparency aims to build trust and also empower users to optimize their participation and rewards.

Calculation Examples

Consider a user participating in the STX-aeUSDC pool with $10,000 worth of staked LP tokens and a daily point allocation of 0.1 per dollar. The calculation would be straightforward:

Total Daily Points: $10,000 (USD value) × 0.1 (Points Per USD Per Day) = 1,000 Velar Points.

Eligibility Criteria

To be eligible for Velar Points, merely providing liquidity is not enough; staking LP tokens is mandatory. A common pitfall is assuming that all forms of liquidity provision automatically qualify for rewards.

To ensure eligibility, users must actively stake their tokens in the designated pools and periodically verify their staking status, avoiding common misunderstandings that could potentially lead to missed reward opportunities.

Benefits of Participation

Participating in Velar Points goes beyond immediate rewards; it’s an investment in the future of DeFi. Users contribute to a vision that seeks to democratize finance, making it more accessible, efficient, and fair.

Upcoming features, such as enhanced governance mechanisms and additional reward tiers, promise to enrich the participant experience further, underscoring Velar’s commitment to its community and the broader goals of DeFi.

Getting started with Velar Points is straightforward:

• Connect Your Wallet: Visit the Velar platform and connect your digital wallet.
• Select a Liquidity Pool: Explore the available pools and select one that aligns with your interests and portfolio strategy.
• Provide Liquidity: Once you’ve selected the pool of your choice, provide the liquidity in exchange for LP tokens.
• Stake LP Tokens: Follow the on-screen instructions to stake your LP tokens in the chosen pool.
• Track Your Progress: Utilize the platform’s tracking features to monitor your Velar Points and adjust your strategy as needed.

Velar Points represent a unique opportunity within the DeFi ecosystem, offering liquidity providers and participants a rewarding and engaging experience.

By joining Velar, you’re not just earning points; you’re contributing to a revolutionary platform that is reshaping the future of finance. Take the first step towards maximizing your DeFi potential by visiting Velar’s platform, exploring our resources, and engaging with our vibrant community.

Start earning Velar Points today and be part of the DeFi revolution!

Introduction to Velar Points was originally published in Velar Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

As the DeFi landscape continues to evolve, the integration of Bitcoin into this innovative financial ecosystem remains a goal that many have strived for but few have achieved. Velar stands on the precipice of change with the launch of its Automated Market Maker (AMM), a pivotal innovation set to unlock Bitcoin’s potential within DeFi. This isn’t merely an addition to Velar’s offerings; it’s the foundation upon which a more accessible and empowered financial future will be built.

Understanding AMMs: The New Era of Finance

An AMM is more than just a DeFi tool; it represents the democratization of finance. By enabling liquidity pools to facilitate trading autonomously, AMMs eliminate the barriers and need for coincidence of demand traditionally associated with asset exchange on predecessor P2P DEXes. This innovation is the heartbeat of DeFi, ensuring 24/7 market access and community-fueled liquidity. Velar’s AMM launch is not just a testament to our engineering prowess but also to our foresight in recognizing the AMM’s pivotal role in modern, decentralized finance.

The Launch: A Strategic and Considered Approach

Starting 19th March, Velar embarks on a journey of unveiling new trading pairs in the coming days. This phased approach reflects our meticulous planning and unwavering commitment to ensuring a stable and secure rollout. It’s a display of confidence in our platform and its capacity to handle the complexities of real-world trading demands.

Why Velar’s AMM as the First Product

The decision to launch an AMM was made with a clear vision in mind — to lay a robust foundation for our DeFi ecosystem. Post-audit, our AMM represents not only Velar’s commitment to security, but also a benchmark for functional excellence. By choosing an AMM as our first product, we are underscoring the vital role of liquidity in DeFi and positioning Velar as a nexus for innovation and financial growth.

The Audit: Ensuring Integrity and Trust

Undergoing a comprehensive audit was an essential step in our development process. The rigorous examination of Velar’s smart contracts by seasoned auditors provides our community with the assurance that our systems are built to last. This thorough vetting process is a cornerstone of our pledge to user security and a reflection of our ethos that every interaction within our ecosystem should be synonymous with trust.

The Road Ahead: A Journey of Expansion and Innovation

In the coming days, we’ll unveil new trading pairs, gradually expanding our reach and solidifying our presence in the DeFi space. These carefully selected pairs are just the beginning of a long and prosperous journey. As we roll out these offerings, we remain steadfast in our mission to bridge the gap between Bitcoin and DeFi, making it more than a vision — making it a reality for our users.

Empowering the Community through Education and Engagement

In the spirit of true decentralization, we are committed to empowering our users through education. We aim to not just provide tools but also the knowledge to use them effectively. Our platform will serve as a hub for learning, with resources designed to guide both novices and veterans through the evolving world of DeFi.

Closing Thoughts: The Dawn of Bitcoin’s DeFi Era

As we gear up for this landmark event, we invite our community to join us in a celebration of innovation, security, and the boundless possibilities heralded by Velar’s AMM launch. This is more than just a new product release; it’s the dawning of a new era where Bitcoin’s robust security and liquidity are harnessed to fuel a decentralized financial future. Stay engaged as we unveil a transformative journey to unlock Bitcoin’s DeFi potential with Velar.

Velar’s Dharma AMM: Unlocking Bitcoin’s DeFi Potential was originally published in Velar Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

In an exciting development for Bitcoin and perpetual trading, Velar, a Bitcoin DeFi Liquidity Platform, announces a strategic integration with Portal, a Bitcoin atomic swaps-based cross-chain DEX network. This partnership aims to enable seamless staking and increased trading liquidity for the $VELAR token through native assets like BTC, ETH, and others.

Fresh off its successful $3.5M pre-seed round led by prominent Web3 funds such as Kyros Ventures, Cypher Capital, Trust Machines, Transform Capital, Banter Capital, CMS, GBV, Mapleblock, Velar Protocol is poised to redefine the perpetuals trading landscape on the Bitcoin network.

Portal Supporting $VELAR

Portal is gearing up to introduce native support for $VELAR within its decentralized exchange (DEX) network and Swap SDK. This integration will provide users with the capability to effortlessly trade, stake, and leverage $VELAR directly on the platform. The strategic move aims to enhance the overall user experience while fostering a collaborative ecosystem, as the Swap SDK integration enables other network partners to seamlessly support $VELAR.

Velar Integrates Portal Swap SDK

The integration of the Swap SDK into the Velar Protocol platform is an important step towards enhancing user accessibility. This integration will enable users to purchase and stake $VELAR using various assets, including native Bitcoin and BRC20 tokens, as well as native tokens from other blockchain networks, like Ethereum and Eth L2s.

By leveraging Portal’s bridgeless Atomic Swaps technology, users can avoid the risks and extra costs associated with bridging. As a result, Velar Protocol users can now navigate the platform with ease, enjoying the flexibility of engaging with Velar Protocol using a diverse range of assets.

Collateral Deposit Flexibility

In a move towards greater flexibility, Velar Protocol, utilizing Portal Swap SDK, facilitates collateral deposits in various assets. Whether it’s STX, sBTC, stablecoins, or other assets, users can deposit collateral in the required form, starting from different chains and Bitcoin. This innovation ensures users have a plethora of options for collateral, further enhancing the versatility of perpetual trading on Velar Protocol.

Empowering Cross-Chain Trading and Staking

The Swap SDK integration empowers Velar Protocol users to partake in cross-chain trading and staking. Traders can seamlessly transition from assets on different blockchain networks, including Bitcoin, to actively participate in perpetual trading on Velar.

This feature aligns with the vision of creating an inclusive and interconnected perpetual trading ecosystem, allowing users to leverage their assets across multiple networks while enjoying the benefits of trading on the Velar Protocol.

Vision for the Future

Velar Protocol and Portal Swap SDK collaboration signify a substantial leap forward in the evolution of Bitcoin-based perpetual trading. The partnership envisions a future where users can effortlessly trade, stake, and engage with $VELAR, irrespective of the blockchain network or assets they hold.

This joint effort reflects a commitment to driving innovation in the perpetual trading landscape. By leveraging the strengths of both platforms, Velar Protocol and Portal aim to create a seamless and efficient trading experience for users, ultimately contributing to the growth and adoption of decentralized perpetual trading.

Statements from the Leadership Team

Cofounder/CEO Mithil Thakore of Velar Protocol expresses enthusiasm for the partnership, stating, “We are thrilled to integrate the Swap SDK into Velar Protocol. This collaboration is a key step in our mission to redefine perpetual trading on the Bitcoin network.”

Dr. Chandra Duggirala, co-founder/CEO of Portal, comments, “Velar Protocol’s commitment to innovation aligns seamlessly with our vision for decentralized trading. This integration opens new possibilities for users, promoting a diverse and interconnected perpetual trading ecosystem.”

About Portal

PortalDeFi.com, conceived by a team of veteran Bitcoin and AI engineers, is dedicated to empowering financial self-sovereignty. The Portal Cross-Chain DEX Network is designed to match the speed, liquidity, and user experience of centralized exchanges while eliminating the inherent custody risks of bridges and CEXs. Portal is backed by Coinbase Ventures, Arrington Capital, OKX Ventures, Gate.io and many other prominent fintech/crypto investors. For more information, visit https://portaldefi.com/

About Velar Exchange

Velar is on a mission to unlock Bitcoin’s true potential by developing a suite of powerful tools and products for DeFi. Velar realizes the full value of Bitcoin-based assets within an ecosystem anchored by strong transaction finality and unrivaled security.

Learn more: https://www.velar.co/

Velar Protocol Joins Portal to Transform Bitcoin-based Perpetual Trading was originally published in Velar Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

Velar has secured $3.5M in seed round to accelerate the product development of Velar Artha — the world’s first Decentralized Perpetual Derivatives Exchange (PerpDEX) on Bitcoin.

The round saw participation from leading investors including Black Edge Capital, CMS Holdings, Bitcoin Startup Lab, GBV, Cypher Capital, Trust Machines SPV, Samara Asset Group, Maple Block, Cogitent Ventures, and many more.

“We see DeFi on BTC as the dominant narrative of this cycle and Velar as one of the main players in this space. We’re thrilled to support a team and product that has the potential to revolutionize the Bitcoin industry and reshape Bitcoins value proposition to retail users”, Winston, Black Edge Capital.

Velar will use the funds to fast-track development of its flagship product Velar Artha — positioned to be the first-ever perpetual DEX on Bitcoin. Velar Artha will facilitate trading of perpetual derivatives in a trustless manner, with up to 20x leverage, using BTC as collateral in a non-custodial manner.

The product aims to unlock Bitcoin’s dormant liquidity for advanced DeFi use cases. Over $800 billion worth of BTC is currently unproductive, representing massive untapped capital that Velar’s PerpDEX can enable institutions and individuals to utilize productively.

“Velar’s successful seed round is a validation of our mission to make Proof-of-Work and Bitcoin the base layer of DeFi. Velar is set to redefine what’s possible, facilitating $800B worth of dormant liquidity to be used in DeFi; and we’re excited to invite the world to be a part of this groundbreaking journey,” said Mithil Thakore, Co-Founder and CEO of Velar.

Velar’s broader product suite includes a Uniswap v2-inspired AMM-based DEX for swaps and liquidity pools, yield generation tools, and a token launchpad for Bitcoin-based projects.

Velar Dharma, the foundational component of Velar’s decentralized ecosystem, will soon make its mainnet debut within the coming weeks. Serving as the platform for Velar’s product suite, Dharma Mainnet will provide core DeFi functionalities on Bitcoin.

“We are excited to support the adoption of DeFi on BTC. After witnessing the explosion of DeFi on ETH with the introduction of swapping, staking, and farming, we believe that Velar brings this same ensemble of DeFi products to the BTC space” added Eric, CMS Holdings.

The PerpDEX is slated to launch in Q2 2024 on Bitcoin Layer-2 protocol Stacks. Beyond these suites of products, Velar will also explore integration with other leading L2s and scaling solutions for Bitcoin.

“DeFi is the logical next step for Bitcoin. Introducing perps for Bitcoin and other assets that can be swapped in a decentralized way, and earn rewards will help unlock the $500B in untapped value on Bitcoin,” said Muneeb Ali, Co-Creator of Stacks. “This fundraise helps the team at Velar build a liquidity protocol that will be a major gateway for the usability being unlocked by sBTC on Bitcoin L2.”

In allowing DeFi activity natively on Bitcoin, Velar aims to establish the network as a viable base layer for the future of decentralized finance. Velar views the innovation potential of the Bitcoin protocol as largely untapped within DeFi.

Through core products like the PerpDEX and AMM DEX, Velar aims to extend Bitcoin’s capabilities in enabling key DeFi building blocks including swaps, liquidity pools, yield generation, and leverage trading.

In the words of Aravind Sathyanandham, Co-founder of Velar, “Bitcoin being a digital denominator of energy, is the most sound digital asset. Creating a circular Bitcoin economy and contributing towards a long term bitcoin security budget is an honor and duty that we uphold proudly at Velar.”

Originally published at https://blog.velar.co.

Velar Secures $3.5M to Build World’s First Perpetual DEX on Bitcoin was originally published in Velar Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

We are thrilled to welcome Peter Watson as our Chief Marketing Officer. With our Dharma Mainnet launch on the horizon, Peter’s expertise and vision will be instrumental in propelling Velar into its next phase of growth.

Peter is a seasoned entrepreneur from the age of 16 and brings a wealth of experience in building and accelerating businesses across industries. In the past, he founded his own marketing agency, aiding businesses in achieving growth objectives while also developing an AI Marketing software. His venture into the crypto world commenced in 2016, sparking a profound enthusiasm for the Bitcoin ecosystem, a passion he has continued to uphold as a steadfast Bitcoin HODLer.

Expressing his enthusiasm for joining Velar, Peter stated, “ I am excited to join Velar at this pivotal moment in its development trajectory. I was introduced to Velar at the start of its journey, where I had the opportunity to meet Mithil and Aravind and gain insights into their vision for the project. I am so deeply convinced of Velar’s potential that I was also one of the early investors in the seed round. I congratulate the team on successfully concluding it, which will pave the way for the development of the world’s first perpetual decentralized exchange on Bitcoin. With a remarkable product and tech team already in place, I am eager to contribute to Velar’s advancement, positioning it as a gateway to the Bitcoin DeFi ecosystem. “

Peter is also known for his podcast, ‘Behind the Journey,’ where he shares entrepreneurial insights and has featured leaders from various crypto projects. Additionally, his UK bestseller, ‘The Niche Influence,’ challenges conventional marketing wisdom, further highlighting his expertise in the field.

“ I’m very pleased to have Peter join Velar as our CMO. Over the past year, we’ve dedicated ourselves to product development and garnering user traction on the Dharma testnet. Now, as we stand on the brink of the Dharma Mainnet launch, Peter’s addition to our team represents a significant step forward in our journey. His years of experience and strategic insight will undoubtedly elevate our marketing efforts and signify the beginning of our next phase.” — Mithil Thakore, CEO of Velar.

Welcome aboard, Peter!

Originally published at https://blog.velar.co.

Driving Velar Forward: Introducing Peter Watson, Our New CMO was originally published in Velar Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.