Velar to Unleash Native Token VELAR on Bybit, Unlocking Bitcoin's DeFi Potential

Velar announces the upcoming public availability of its native token, VELAR, set for an initial DEX offering on Bybit on April 3. Aiming to enhance Bitcoin's utility in DeFi, Velar's token listing on Bybit aims to broaden accessibility and foster innovation within Bitcoin-based DeFi projects.

Velar Announces Public Listing of Native Token VELAR on Bybit

Velar, a leading innovator in Bitcoin decentralized finance (DeFi), has announced that its native token, VELAR, will be made available to the wider public through an Initial DEX Offering (IDO) on Bybit, a prominent cryptocurrency exchange, on April 3.

The VELAR token is a key component in Velar's mission to unlock the immense value of dormant Bitcoin held by investors. By providing a seamless bridge between Bitcoin and DeFi applications, Velar aims to empower users with novel earning opportunities previously restricted to platforms supporting smart contracts, such as Ethereum.

Harnessing Dormant Bitcoin Capital

The Bitcoin network currently holds over $1 trillion in assets, a significant portion of which remains dormant and untapped within the DeFi ecosystem. Velar's innovative platform, Dharma, has already garnered substantial traction, amassing over 150,000 users in just two weeks. The platform offers a suite of tools that enable users to leverage their Bitcoin assets for trading, staking, and yield farming.

V2 Mainnet with Bitcoin-Native Trading

Velar's upcoming V2 mainnet will feature a cutting-edge Bitcoin-native trading platform that offers users the ability to employ leverage of up to 20x. This advanced feature allows traders to magnify their potential returns, but it also necessitates a comprehensive understanding of leverage and risk management strategies.

Bybit Listing as a Catalyst for Bitcoin DeFi Growth

The listing of VELAR on Bybit marks a significant milestone for Velar and the broader Bitcoin DeFi ecosystem. Bybit's substantial user base and reputation as a reputable exchange will provide VELAR with widespread accessibility and liquidity.

Moreover, the listing coincides with a surge in institutional interest in Bitcoin, fueled in part by the introduction of Bitcoin ETFs that have facilitated the entry of large-scale investors into the cryptocurrency market.

Expanding Bitcoin's Utility

Velar's vision extends beyond viewing Bitcoin solely as a store of value. By integrating Bitcoin with DeFi, the company aims to expand its use cases and foster a vibrant investment and innovation landscape within the cryptocurrency space.

The VELAR token is a pivotal element in this strategy, offering investors a direct stake in Velar's growth and the future of Bitcoin DeFi. The public listing on Bybit on April 3 is an opportunity for individuals to participate in this transformative evolution and unlock the potential of their Bitcoin holdings.