Velar Launches the First Decentralized Perpetuals Exchange Built Natively on Bitcoin

Velar has introduced the world’s first decentralized perpetuals exchange specifically designed for Bitcoin users. This groundbreaking platform aims to redefine Bitcoin-based decentralized finance (Bitcoin DeFi) by offering advanced trading products and seamless user interfaces tailored for Bitcoin-secured assets.

What Is Velar PerpDex?

Velar PerpDex is deployed on Stacks, a Bitcoin layer 2 solution. The platform allows users to trade perpetual futures contracts with up to 5x leverage, all while maintaining full custody of their assets. This innovative exchange provides a Bitcoin-native experience, ensuring that traders remain within the secure Bitcoin ecosystem without relying on custodians or wrapped tokens.

The exchange opens with the trading pair sBTC-USDh, where USDh serves as the synthetic dollar base for all trades. USDh, developed by Hermetica, is the first yield-bearing stablecoin created specifically for Bitcoin DeFi. Its integration with Velar aims to enhance liquidity and capital efficiency for Bitcoin holders.

Key Features of Velar PerpDex

  • Trade perpetual futures contracts with up to 5x leverage.
  • Enjoy secure trading with 100% Bitcoin-backed finality.
  • Access fast transaction speeds thanks to Stacks’ five-second block times.
  • Benefit from deep liquidity and decentralized infrastructure.

Unlocking New Opportunities in Bitcoin DeFi

Velar PerpDex seeks to bridge a critical gap in the cryptocurrency market by enabling Bitcoin holders to access perpetual trading without relying on third-party custodians or non-native tokens. This marks a significant milestone for Bitcoin DeFi, which has historically lagged behind other blockchain ecosystems in offering advanced financial tools.

“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,” said Velar CEO Mithil Thakore.

Built for Bitcoin Traders

Perpetual futures trading is one of the most active sectors in the cryptocurrency market. Until Velar’s launch, Bitcoin users had limited access to this powerful financial instrument, often requiring them to use wrapped tokens or centralized platforms. Velar’s integration with Hermetica’s USDh stablecoin solves this issue, creating a truly Bitcoin-native solution.

“Perpetual trading is one of the most important products in crypto, and now thanks to Velar, it’s finally possible on Bitcoin,” said Jakob Schillinger, CEO of Hermetica.

Why Velar Matters

Velar is positioning itself as a foundational layer for Bitcoin-native financial products, offering traders tools to unlock new capital efficiency while staying fully within the security of the Bitcoin ecosystem. By leveraging Stacks’ blockchain technology, the platform combines decentralization, speed, and Bitcoin-backed security to deliver a robust trading experience.

With the launch of Velar PerpDex, Bitcoin holders now have access to perpetual trading without compromising their assets’ security or relying on external networks. This innovation paves the way for future developments in Bitcoin DeFi, empowering users to explore advanced trading tools and strategies.

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