Bitcoin liquidity protocol Velar, already a significant player in Bitcoin’s growing DeFi ecosystem, is looking to take on an even more important role with the launch of its official launchpad, Velar Labs.
Velar Labs will be tasked with identifying and incubating the most promising projects in the growing Bitcoin ecosystem, helping them to grow and become key players in their own right by providing technical expertise, infrastructure support, useful connections and mentorships, as well as access to funding.
It’s all about providing Bitcoin startups with the resources they need to bring their ideas to light, and Velar is ideally placed to facilitate such an endeavor. The protocol has established itself as one of the leading lights in the Bitcoin network, pumping much-needed liquidity into its wider ecosystem of Layer-2 networks and decentralized applications, with a focus on the nascent Bitcoin DeFi industry.
Velar is best known for its Bitcoin-based decentralized exchange, which is powered by the automated market maker Dharma, and its innovative Bitcoin perpetuals DEX. The protocol taps into Bitcoin’s base security and transaction finality, while leveraging the Stacks L2 to achieve rapid transaction throughput and high scalability.
With its deep liquidity pools and its ability to facilitate almost instantaneous swaps at competitive rates, Velar brings real utility to BTC, enabling it to be used as collateral in various DeFi applications. It sees itself at the center of Bitcoin’s transformation and has plans to launch additional DeFi capabilities including yield farming protocols, staking infrastructure, cross-chain bridges and more.
