Velar (VELAR)

Velar Protocol is a DeFi platform tailored specifically for Bitcoin, empowering users to tap into the vast liquidity locked within the Bitcoin ecosystem. Inspired by Uniswap v2, this protocol is built using the Clarity language on the Stacks Layer 2 blockchain.

Funding Round: $3.5M

Whitepaper

Important By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Interest lvl

Medium

Updated: Apr 03, 2024

Learn more about our rating

User Rating

Medium

3/5 • 1 votes

Claim your project

Ticker

VELAR

Type

Utility-token

FoundedIndia

Registration countryUnited Arab Emirates

Registration year2023

Launchpads

ByBit

Ecosystems

Bitcoin

What is Velar

Velar is an inflection point in the journey of DeFi on Bitcoin. Velar is a DeFi liquidity protocol built on Bitcoin via the Stacks smart contract layer solution. As an all-in-one DeFi protocol, Velar will bring a host of DeFi-native features, from token swaps to launchpad infrastructure, to drive the Bitcoin DeFi ecosystem to new heights. Velar opens up the possibility of true DeFi on Bitcoin, thanks to Stacks.

Velar has a simple yet, sophisticated framework that draws inspiration from all the players in the Bitcoin DeFi ecosystem. The protocol will leverage Bitcoin’s base security and transaction finality while utilizing Layer 2 solutions like Stacks to achieve scalability and high transaction throughput. Yet, there’s more.

Velar will feature a DEX, liquidity pools, yield farming solutions, staking infrastructure, and a launchpad, each of which can stand alone as an independent DeFi application.