Velar has announced the beta launch of its decentralized perpetual swap exchange, Velar Artha PerpDex, on the BOB hybrid layer-2 network. This is the first time perpetual markets have been implemented in the Bitcoin ecosystem.

Velar CEO Mithil Thakore noted that this is an important step for Bitcoin-based DeFi. The platform offers fast trading, improved scalability, and low transaction costs.

Traders can connect their wallets to the BOB network and start trading with up to 20x leverage. The platform guarantees full asset management and deep liquidity.

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