🚀🔒 Introducing Flash Protocol: Redefining DeFi on Bitcoin 🔒🚀
🚀 Let's dive into key features and potential of #FLASH in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Flash Protocol empowers users to issue assets and Taproot NFTs on Bitcoin, introducing a permissionless flash loan service on Solana, facilitating complex strategies without upfront capital.
2️⃣ Technology and Feature: Utilizing secure smart contracts on Solana, Flash Protocol maintains decentralized liquidity pools, enabling direct borrowing without intermediaries. Lightning Network integration enhances transaction efficiency.
3️⃣ Whitepaper Analysis: Explore Flash Protocol's permissionless flash loan service, BTC Angel Hub, and solutions for Bitcoin native assets' liquidity challenges.
4️⃣ Use Case: Flash Protocol enables the initial issuance of assets and NFTs in a completely permissionless and cost-effective manner. Furthermore, Flash Protocol addresses the liquidity challenges faced by Bitcoin native assets through its dedicated marketplace.
5️⃣ Team and Leadership: The team behind Flash Protocol is not explicitly mentioned in the sources. However, the protocol prioritizes security, utilizing robust oracles and rigorous smart contract audits to mitigate potential risks associated with flash loans.
6️⃣ Partnerships: Flash Protocol has announced a new integration with Portal, the first trust-minimized, cross-chain swaps that involve no bridges, custody or wrapping.
7️⃣ Security and Audits: Flash Protocol prioritizes security, utilizing robust oracles and rigorous smart contract audits to mitigate potential risks associated with flash loans.
8️⃣ Tokenomics: FLASH token governs the protocol, incentivizes liquidity providers, and is burnt on an hourly basis. Flash has a total supply of 10 billion and circulating supply of 825 million token.
9️⃣ Exchanges: Trade FLASH tokens on centralized exchanges like MEXC & Gate.io, with Gate.io being the most popular option.
🔟 Conclusion: Flash Protocol pioneers DeFi on Bitcoin, offering seamless NFT integration and exciting use cases while prioritizing security and robust tokenomics. 🌐💼
🌟 If You find this thread useful Repost it & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#CryptoSimbhaGems🦁🏹 #DeFiChallenge #BTC☀️ #bitcoinwallet #Binance $BTC $STX $ORDI

🔒💰 Unlocking Bitcoin's Potential with Velar 💰🔒
🚀 Let's dive into key features and potential of #VELAR in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Velar introduces a Bitcoin-based decentralized finance (DeFi) platform. It aims to revolutionize the DeFi landscape by its native token, $VELAR. This initiative is set to unlock trillions of dollars in dormant Bitcoin capital for the DeFi ecosystem.
2️⃣ Technology and Feature: Velar utilizes an Automated Market Maker (AMM) liquidity model and offers token swaps, liquidity mining, staking, and an Initial DEX Offering (IDO) launchpad. It provides a decentralized exchange where users can trade various cryptocurrencies directly with each other without the need for intermediaries.
3️⃣ Whitepaper Analysis: Velar is a DeFi protocol with Bitcoin finality that aims to unlock Bitcoin’s true potential by building a sophisticated suite of DeFi products on Bitcoin. Velar V1, codenamed “Dharma,” includes an automated liquidity protocol based on the “constant product formula.”
4️⃣ Use Case: Velar platform is powered by its native token, $VELAR. The token serves as the backbone of the platform, providing liquidity and incentivizing users to contribute to the growth and development of the ecosystem. Apart from its core function, $VELAR has several other use cases that make it a valuable utility for users.
5️⃣ Team and Leadership: Led by CEO Mithil Thakore, Velar's team includes COO Dan Reecer, Commercial Director Robinson Burkey, and Technical Advisor Michael Zargham. They bring diverse backgrounds in crypto exchanges, quant hedge funds, smart contract auditing platforms, and enterprise blockchain businesses.
6️⃣ Partnerships: Velar has been audited by Strata labs and Coin Fabrik, ensuring robust security measures. It collaborates with investors like Alexei Zamyatin, Paul Taylor, Cem Ozar, Michael Chen, and others to strengthen its ecosystem.
7️⃣ Security and Audits: Upholding security standards, Velar undergoes audits by Strata Labs and Coin Fabrik, ensuring a robust platform. The audit reports can be checked on their website.
8️⃣ Tokenomics: With a total supply of 1 billion VELAR tokens and an initial circulating supply of approximately 59 million VELAR tokens, Velar's tokenomics include community rewards, treasury allocations, founder and team allocations, early purchasers, advisors, and airdrop allocations.
9️⃣ Exchanges: VELAR is tradable on Bybit, Gate.io, Uniswap (UNI), and Velar’s own Dharma Automated Market Maker (AMM), providing users with multiple trading options.
🔟 Recent Developments: Velar recently launched its token on Centralized exchanges, marking a significant milestone in its journey. This development is set to introduce trillions of dormant Bitcoin capital into the DeFi ecosystem.
1️⃣1️⃣ Conclusion: Velar's vision to harness Bitcoin's potential in DeFi signifies a promising venture, shaping the future of decentralized finance. Stay tuned for further updates and innovations from Velar. 🚀🌟
🌟 If You find this thread useful Repost it & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#CryptoSimbhaGems🦁🏹 #bitcoinwallet #bitcoin #DeFiChallenge #Binance $BTC $STX $ORDI