Panama City, Panama, May 17th, 2024, Chainwire
Leading Bitcoin DeFi innovator Velar has announced that it has partnered with Bitlayer to launch Velar Artha, the world’s first Perpetual Decentralized Exchange (PerpDex) on Bitlayer’s EVM-compatible Bitcoin Layer 2.
The creation of a PerpDex hosted on Bitcoin infrastructure will unlock new opportunities for trading a variety of assets and will expand the capabilities of decentralized finance operating on Bitcoin rails. The partnership breaks new ground in Bitcoin DeFi by providing traders with the ability to trade perpetual contracts directly on the Bitcoin blockchain, ensuring security and full decentralization for all transactions.
The collaboration with Bitlayer marks Velar’s first partnership outside of Stacks and signifies a major milestone as Velar expands the rollout of its PerpDex to other strategic partners.
Velar CEO Mithil Thakore said: “Partnering with Bitlayer for the launch of Velar Artha PerpDEX represents a sign
