Press Release

Velar PerpDex Launches on Stacks as First Bitcoin-Native Perpetual DEX

Velar PerpDex Launches on Stacks as First Bitcoin-Native Perpetual DEX

Panama City, Panama, March 28th, 2025, Chainwire

Velar has just launched the world's first decentralized perpetuals exchange (PerpDEX) on Bitcoin. Deployed on Stacks, Velar PerpDex represents a breakthrough for Bitcoin DeFi, allowing users to trade leveraged futures while retaining full custody of their assets.

The exchange is now live at perpdex.velar.com with sBTC-USDh as the initial trading pair.  Developed by Hermetica, USDh is the first synthetic Bitcoin dollar. Additional pairs will be added to Velar PerpDex gradually, allowing Stacks users to open leveraged long and short positions on a variety of assets including BTC.

Velar PerpDex delivers powerful trading features coupled with access to deep liquidity and robust security. Hosted on Stacks’ Bitcoin L2, it benefits from five-second block times, true decentralization, and 100% Bitcoin finality.

Velar CEO Mithil Thakore said: “At Velar, our goal has always been to build core trading infrastructure that keeps users and liquidity on Bitcoin. Launching the first PerpDEX on Bitcoin is a defining milestone for the future of DeFi on Bitcoin, enabling traders to access leverage and deep liquidity without leaving the Bitcoin ecosystem.”

Hermetica CEO Jakob Schillinger added: “Perpetual trading is one of the most important products in crypto, and now thanks to Velar, it’s finally possible on Bitcoin. USDh powers perp trading by serving as the stable, yield-bearing base pair, designed specifically for Bitcoin DeFi.” 

The launch of Velar PerpDex will help to unlock the billions of dollars in idle capital that is available within the Bitcoin ecosystem, allowing BTC holders to fully participate in DeFi while incurring no custodial risk. It introduces a powerful primitive to Bitcoin DeFi that will become a foundation for further innovation on Stacks.

About Velar

Velar is building the user interface to access the most secure blockchain ever created. Velar Dharma enables anyone to effortlessly trade their favorite Bitcoin-based tokens with just a few clicks via a user-friendly interface. Velar is laying the groundwork for a new era of Bitcoin-powered financial innovation while unlocking untapped liquidity and empowering users to take control of their digital assets.

Learn more: https://velar.co/

Contact

Avishay Litani

pr@marketacross.com

Disclaimer: Chainwire is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.