What is Velar?
Velar is a DeFi and liquidity protocol that harnesses the Stacks Layer 2 platform to bring a full spectrum of decentralized finance services to the Bitcoin blockchain. Its initial offering, named 'Dharma,' provides users with AMM-based token swapping, liquidity pool options, yield farming, staking, and an IDO launchpad. Velar was inspired by Uniswap v2 and launched its beta mainnet in July 2023. The $VELAR token was listed on major platforms in April 2024. Although built on Stacks L2, Velar is designed to be L2-agnostic, meaning it can potentially operate across multiple Layer 2 platforms. A key feature of Velar is its 100% Bitcoin finality, ensuring that all transactions are finalized on the Bitcoin blockchain.
What Can I Do in Velar with Leather?
Leather wallet enables users to engage with all of Velar’s DeFi services:
Swap tokens, including STX, bridged versions of BTC and USDC, and Stacks' cat-themed meme coin, LEO.
Add liquidity to trading pair pools to earn a share of revenue from swap operations.
Earn yields from contributing to the STX liquidity farm.
Invest in new tokens that leverage Bitcoin for DeFi through Velar’s IDO launchpad.
Participate in yield farming staking $VELAR tokens for additional rewards.