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Cryptocurrency News Articles
Velar Launches the World's First Decentralized Perpetuals Exchange (PerpDEX) on Bitcoin
Mar 28, 2025 at 10:00 pm
Deployed on Stacks, Velar PerpDex represents a breakthrough for Bitcoin DeFi, allowing users to trade leveraged futures while retaining full custody of their assets.
Panama City, Panama, March 28th, 2025, Chainwire
The world’s first decentralized perpetuals exchange (PerpDEX) on Bitcoin has just launched by Velar. Deployed on Stacks, the exchange is now live at perpdex.velar.com with sBTC-USDh as the initial trading pair.
The exchange can be accessed at perpdex.velar.com. It is hosted on Bitcoin L2, benefiting from five-second block times, true decentralization, and 100% Bitcoin finality. The enterprise-grade exchange technology provides access to deep liquidity and is designed for optimal trading performance.
The PerpDEX also features advanced security measures to protect user funds and ensure the integrity of the exchange.
Announcing the launch, 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.”
The exchange is powered by USDh, the first synthetic Bitcoin dollar, providing a stable and yield-bearing base pair for leveraged trading. The integration of USDh is crucial for enabling efficient and sustainable perpetual trading on Bitcoin.
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.”
The launch of Velar PerpDex will help to unlock the billions of dollars in idle capital that is available within the Bitcoin ecosystem, allowing BTC holders to fully participate in DeFi while incurring no custodial risk. It introduces a powerful primitive to Bitcoin DeFi that will become a foundation for further innovation on Stacks.
About Velar
Velar is building the user interface to access the most secure blockchain ever created. Velar Dharma enables anyone to effortlessly trade their favorite Bitcoin-based tokens with just a few clicks via a user-friendly interface. Velar is laying the groundwork for a new era of Bitcoin-powered financial innovation while unlocking untapped liquidity and empowering users to take control of their digital assets.
Learn more: https://velar.co/
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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