Velar Launches Beta of Velar Artha Perp Dex on BOB
Velar has just launched the beta version of its perpetual swaps decentralized exchange (DEX), Velar Artha Perp Dex, on the BOB Layer 2 network. This is a groundbreaking development as it introduces the first on-chain perpetual markets to the Bitcoin ecosystem.
Mithil Thakore, CEO of Velar, shared that this launch is a significant milestone for both Velar and BOB, and for the Bitcoin DFi space as a whole.
He pointed out that it opens up new possibilities for using Bitcoin's liquidity and leveraging Layer 2 assets for perpetual swaps.
Velar Artha Perp Dex is the first Bitcoin-native DEX designed for futures trading. It combines Bitcoinâs security with the flexibility and efficiency of perpetual contracts.
Running on the BOB network, the platform ensures fast trade execution, scalability, and lower transaction fees, all while preserving Bitcoinâs security.
To start trading on Velar Artha, users need to connect their wallets to the BOB network. The platform is non-custodial, so traders keep full control of their assets.
Advanced algorithms on the platform provide deep liquidity for a better trading experience.
During its beta phase, Velar Artha Perp Dex offers up to 20x leverage on perpetual contracts. With a solid liquidity pool supporting the platform, traders can open leveraged positions in popular trading pairs, with more liquidity expected to be added over time.
