Velar PerpDex Debuts on Stacks as the First Bitcoin-Native Perpetual DEX

• Velar PerpDex provides users with access to substantial liquidity and rigorous security, in addition to advanced trading capabilities.
• With sBTC-USDh serving as the first trading pair, the exchange is currently operational and can be accessed via perpdex.velar.com.

The first decentralized perpetuals exchange (PerpDEX) on Bitcoin in the world has recently been launched by Velar. Velar PerpDex, which is deployed on Stacks, is a significant advancement for Bitcoin DeFi. It enables users to trade leveraged futures while maintaining full custody of their funds.

With sBTC-USDh serving as the first trading pair, the exchange is currently operational and can be accessed via perpdex.velar.com. Hermetica is responsible for the creation of USDh, which is the first synthetic Bitcoin dollar. The Velar PerpDex platform will progressively get more pairings, which will enable users of Stacks to create leveraged long and short bets on a wide range of assets, including Bitcoin.

Velar PerpDex provides users with access to substantial liquidity and rigorous security, in addition to advanced trading capabilities. The fact that it is hosted on Stacks’ Bitcoin L2 gives it the advantages of five-second block times, true decentralization, and Bitcoin finality of one hundred percent.

Velar CEO Mithil Thakore said:

“At Velar, our goal has always been to build core trading infrastructure that keeps users and liquidity on Bitcoin. Launching the first PerpDEX on Bitcoin is a defining milestone for the future of DeFi on Bitcoin, enabling traders to access leverage and deep liquidity without leaving the Bitcoin ecosystem.”

Hermetica CEO Jakob Schillinger added:

“Perpetual trading is one of the most important products in crypto, and now thanks to Velar, it’s finally possible on Bitcoin. USDh powers perp trading by serving as the stable, yield-bearing base pair, designed specifically for Bitcoin DeFi.”

As a result of the introduction of Velar PerpDex, the billions of dollars in idle funds that are accessible inside the Bitcoin ecosystem will be unlocked. This will enable Bitcoin holders to fully engage in decentralized finance without incurring any risk associated with custodial. It does this by introducing a strong primitive to Bitcoin DeFi, which will serve as a foundation for subsequent innovation on Stacks.

Velar is now in the process of developing the user interface for the most secure blockchain that has ever been produced. Velar Dharma provides a user-friendly interface that makes it possible for anybody to trade their preferred Bitcoin-based tokens with ease and with just a few clicks on the platform. While at the same time enabling consumers to take ownership of their digital assets and unlocking previously untapped liquidity, Velar is building the framework for a new era of financial innovation that is driven by Bitcoin.

Visit Velar.co/ for more information.