Velar is a decentralized liquidity protocol built for Bitcoin through the Stacks ecosystem. It includes:

• Velar Dharma – an AMM-based decentralized exchange

• Velar Artha – a perps trading platform secured by Bitcoin

You can provide sBTC to liquidity pools on Velar to:

• Enable token swaps (e.g., sBTC-STX)

• Access leverage through sBTC perpetuals

• Provide liquidity to perpetuals pools (e.g., sBTC-USDh)

• Earn swap fees and token incentives for liquidity

As of May 2025, Velar reports:

• $2.05M TVL

• 164 pairs

• Smart contract audits and SDK/API access for developers

Leather aims to integrate with Velar so users can:

• View sBTC LP positions

• Track rewards earned from AMM or perps pools

• Manage staking or farming incentives tied to liquidity provisioning

To explore Velar’s pools, visit https://velar.com