Revolutionizing DeFi with Velar Artha Partnership
In a groundbreaking move, Velar, a Bitcoin decentralized finance (DeFi) platform, has joined forces with Build on Bitcoin (BOB) to support the launch of Velar Artha, the first-ever Perpetual Decentralized Exchange (PerpDex) on Bitlayer’s EVM-compatible Bitcoin Layer 2.
Introducing DEXs on Bitcoin Layer 2
Velar Artha is set to redefine the landscape of PerpDex in the Bitcoin ecosystem by harnessing the security of Bitcoin and the developer-friendly environment of Ethereum Virtual Machine (EVM) compatibility.
- The PerpDex will be launched on Bitlayer, a Bitcoin Layer 2 platform supporting EVM.
- BOB will oversee the security, decentralization, and user experience of Velar Artha as a strategic partner.
- BOB will facilitate the platform’s development and mainnet launch using its developer tools, wallets, and blockchain infrastructure.
Perpetual Swaps Unleashed on Velar Artha
Velar Artha will enable Bitcoin users to engage in perpetual swaps for various assets, including BTC, allowing them to open leveraged long and short positions.
- This model will drive further integrations and unlock dormant capital within the Bitcoin ecosystem, driving DeFi innovation forward.
- BOB’s co-founder expressed excitement about Velar’s progress and emphasized the platform’s potential in the Bitcoin DeFi arena.
- BOB’s hybrid Layer 2 solution combines Bitcoin’s security with Ethereum’s flexibility, offering a seamless development experience for EVM developers.
Closing Thoughts on the Velar Artha Partnership
The collaboration between Velar and BOB marks a significant milestone in the evolution of Bitcoin DeFi, showcasing the potential to push boundaries and deliver value to the Bitcoin community through innovative solutions.
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