{"id":16790,"date":"2024-03-30T13:30:30","date_gmt":"2024-03-30T13:30:30","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=16790"},"modified":"2024-03-30T10:21:35","modified_gmt":"2024-03-30T10:21:35","slug":"velar-protocol-velar-what-is-it-defi-on-bitcoin","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/velar-protocol-velar-what-is-it-defi-on-bitcoin\/","title":{"rendered":"What is Velar Protocol (VELAR)? DeFi on Bitcoin"},"content":{"rendered":"<p><strong>Velar Protocol<\/strong> is a DeFi liquidity protocol built over Bitcoin through the Stacks smart contract layer. Offering many DeFi features ranging from token exchanges to launchpad platform infrastructure, it aims to elevate the Bitcoin DeFi ecosystem.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/velar-protocol-velar-what-is-it-defi-on-bitcoin\/#How_Does_It_Work\" title=\"How Does It Work?\">How Does It Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/velar-protocol-velar-what-is-it-defi-on-bitcoin\/#Relationship_with_Bitcoin\" title=\"Relationship with Bitcoin\">Relationship with Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/velar-protocol-velar-what-is-it-defi-on-bitcoin\/#Whats_the_Goal\" title=\"What&#8217;s the Goal?\">What&#8217;s the Goal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/velar-protocol-velar-what-is-it-defi-on-bitcoin\/#Investors\" title=\"Investors\">Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/velar-protocol-velar-what-is-it-defi-on-bitcoin\/#Team\" title=\"Team\">Team<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/velar-protocol-velar-what-is-it-defi-on-bitcoin\/#Partners\" title=\"Partners\">Partners<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/velar-protocol-velar-what-is-it-defi-on-bitcoin\/#Security\" title=\"Security\">Security<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coinengineer.net\/blog\/velar-protocol-velar-what-is-it-defi-on-bitcoin\/#How_to_use_it\" title=\"How to use it?\">How to use it?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/coinengineer.net\/blog\/velar-protocol-velar-what-is-it-defi-on-bitcoin\/#What_are_Velar_Points\" title=\"What are Velar Points?\">What are Velar Points?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/coinengineer.net\/blog\/velar-protocol-velar-what-is-it-defi-on-bitcoin\/#Tokenomics\" title=\"Tokenomics\">Tokenomics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/coinengineer.net\/blog\/velar-protocol-velar-what-is-it-defi-on-bitcoin\/#VELAR_is_Listed_on_Bybit\" title=\"$VELAR is Listed on Bybit!\">$VELAR is Listed on Bybit!<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Does_It_Work\"><\/span>How Does It Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Velar Protocol<\/strong> provides scalability and high transaction volume using Layer 2 solutions like Stacks while building on the security and transaction certainty of Bitcoin.<\/p>\n<p>The protocol&#8217;s architecture is designed to include DEX, liquidity pools, yield farming solutions, staking infrastructure, and a launchpad platform. It offers a user-friendly experience and implements privacy integration with a decentralized identity solution.<\/p>\n<p>Velar has a native cryptocurrency $VELAR, created to strengthen its ecosystem and enable management. Users, liquidity providers, and developers will be involved in governance and help shape the future of the protocol.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Relationship_with_Bitcoin\"><\/span>Relationship with Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Velar<\/strong> aims to create a decentralized world of finance using the uninterrupted Bitcoin blockchain since 2009. The platform seeks to provide a reliable, scalable, and accessible financial environment where users can control their own assets and identities without intermediaries.<\/p>\n<p>With over 100,000 miners on the Bitcoin network involved in transaction validation and security, the chances of seizing control of any asset are kept minimal. These features create a suitable environment for decentralized platforms like Velar.<\/p>\n<p>Bitcoin, which holds hundreds of billions of dollars waiting to be unlocked, is a network filled with economic value. With Velar, users can utilize their BTC, earn rewards in exchange for providing liquidity, and access DeFi products.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Whats_the_Goal\"><\/span>What&#8217;s the Goal?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the primary goals of Velar is to build a decentralized financial ecosystem centered on Bitcoin. The Protocol, which believes that DeFi on Bitcoin has high potential, aims to build an accessible and secure ecosystem for all.<\/p>\n<p>Insistent on decentralization, Velar strives to build a world where users can trade and access services without interference from third parties.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investors\"><\/span>Investors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-118599 size-full\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Investors.png\" sizes=\"auto, (max-width: 708px) 100vw, 708px\" srcset=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Investors.png 708w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Investors-275x300.png 275w\" alt=\"Velar Protocol\" width=\"708\" height=\"771\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Team\"><\/span>Team<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The core team of Velar has previously built or worked with cryptocurrency exchanges, quant hedge funds, smart contract audit platforms, corporate blockchain businesses, and institutions.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-118594 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Ekran-goruntusu-2024-03-28-144026-1024x574.png\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Ekran-goruntusu-2024-03-28-144026-1024x574.png 1024w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Ekran-goruntusu-2024-03-28-144026-300x168.png 300w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Ekran-goruntusu-2024-03-28-144026-768x431.png 768w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Ekran-goruntusu-2024-03-28-144026-1536x861.png 1536w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Ekran-goruntusu-2024-03-28-144026.png 1575w\" alt=\"Velar Protocol: DeFi on Bitcoin\" width=\"1020\" height=\"572\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Partners\"><\/span>Partners<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-118600 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Partners-1024x109.png\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Partners-1024x109.png 1024w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Partners-300x32.png 300w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Partners-768x82.png 768w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Partners.png 1123w\" alt=\"Velar Protocol: DeFi on Bitcoin\" width=\"1020\" height=\"109\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Security\"><\/span>Security<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Using Bitcoin&#8217;s infrastructure as a security measure, Velar Protocol also provides the following security features:<\/p>\n<ul>\n<li><strong>Encryption<\/strong>: All transactions and smart contracts are protected using robust encryption methods.<\/li>\n<li><strong>Smart Contract Audit<\/strong>: Smart contracts are regularly audited and tested to prevent security vulnerabilities.<\/li>\n<li><strong>Decentralization<\/strong>: Since the protocol has a decentralized structure, the risk of error from a single point is reduced.<\/li>\n<li><strong>User Verification<\/strong>: Users can use security measures like multi-factor authentication to confirm transactions.<\/li>\n<li><strong>Privacy and Identity Management<\/strong>: Velar aims to integrate a decentralized identity solution to protect users&#8217; privacy and manage their identities.<\/li>\n<li><strong>Risk Management<\/strong>: Liquidity pools and other DeFi applications are carefully designed to reduce risks.<\/li>\n<\/ul>\n<p>Security is one of the most critical elements of DeFi protocols.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_use_it\"><\/span>How to use it?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The initial version of the platform, Velar Dharma, offers five services:<\/p>\n<p><strong>Swap: <\/strong>The Swap service allows you to trade crypto money, taking advantage of low fees and minimal price difference ratios.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-118595 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Swap-1024x521.png\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Swap-1024x521.png 1024w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Swap-300x153.png 300w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Swap-768x390.png 768w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Swap-1536x781.png 1536w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Swap.png 1920w\" alt=\"Velar Protocol: DeFi on Bitcoin\" width=\"1020\" height=\"519\" \/><\/p>\n<p><strong>Pool: <\/strong>Pool service allows you to join the liquidity pool of your choice with your suitable asset or create liquidity pools.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-118596 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Pool-1024x532.png\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Pool-1024x532.png 1024w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Pool-300x156.png 300w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Pool-768x399.png 768w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Pool-1536x798.png 1536w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Pool.png 1890w\" alt=\"Velar Protocol: DeFi on Bitcoin\" width=\"1020\" height=\"530\" \/><\/p>\n<p><strong>Farm: <\/strong>The Farm service lets you partake in farm pools, which typically have high yield potential, with your chosen assets. By staking your chosen assets in the farm pool, you can earn returns.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-118598 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Farm-1024x456.png\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Farm-1024x456.png 1024w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Farm-300x134.png 300w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Farm-768x342.png 768w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Farm-1536x684.png 1536w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Farm.png 1912w\" alt=\"Velar Protocol: DeFi on Bitcoin\" width=\"1020\" height=\"454\" \/><\/p>\n<p><strong>Points: <\/strong>You earn points as you use Velar Protocol services. In the Points tab, you can see your earned points and ranking.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-118597 aligncenter\" style=\"font-size: 14.4px;\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Points-1024x530.png\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Points-1024x530.png 1024w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Points-300x155.png 300w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Points-768x398.png 768w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Points-1536x796.png 1536w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Points.png 1886w\" alt=\"Velar Protocol: DeFi on Bitcoin\" width=\"1020\" height=\"528\" \/><\/p>\n<p><strong>Launchpad: <\/strong>Under development.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_are_Velar_Points\"><\/span>What are Velar Points?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You earn daily Velar Points and are rewarded through these points by actively participating in liquidity pools and staking your LP tokens. These points are a reward for contributing to the growth of the platform.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tokenomics\"><\/span>Tokenomics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>$VELAR<\/strong> is the native cryptocurrency of the Velar Protocol. Current uses include providing liquidity, payments for products and services within the ecosystem, priority customer support, dApp discounts, and privileged access to early offers.<\/p>\n<p>The distribution allocations of $VELAR, which has a total supply of 1 billion, are as follows:<\/p>\n<ul>\n<li>35% \u2014 Community Rewards<\/li>\n<li>20% \u2014 Treasury<\/li>\n<li>20% \u2014 Founders and Team<\/li>\n<li>5% \u2014 Advisors<\/li>\n<li>15% \u2014 Early Buyers<\/li>\n<li>5% \u2014 Airdrop<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"VELAR_is_Listed_on_Bybit\"><\/span>$VELAR is Listed on Bybit!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-118593 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Velar-Bybit-Launchpad-1024x576.jpeg\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Velar-Bybit-Launchpad-1024x576.jpeg 1024w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Velar-Bybit-Launchpad-300x169.jpeg 300w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Velar-Bybit-Launchpad-768x432.jpeg 768w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Velar-Bybit-Launchpad-1536x864.jpeg 1536w, https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/03\/Velar-Bybit-Launchpad.jpeg 1600w\" alt=\"Velar Protocol: DeFi on Bitcoin\" width=\"1020\" height=\"574\" \/><\/p>\n<p><strong>Velar Protocol<\/strong>&#8216;s native token $VELAR is getting listed on the cryptocurrency exchange Bybit.<\/p>\n<p>The listing details of $VELAR, which was announced to be launched on Bybit Launchpad, have not yet been shared.<\/p>\n<p><a href=\"https:\/\/www.bybit.com\/tr-TR\/invite\/?ref=QWQ0Q0\"><em>You can register on Bybit with a lifelong commission discount by clicking here and participate in Launchpad events!<\/em><\/a><\/p>\n<hr \/>\n<p><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>\u00a0 ,<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Velar Protocol is a DeFi liquidity protocol built over Bitcoin through the Stacks smart contract layer. Offering many DeFi features ranging from token exchanges to launchpad platform infrastructure, it aims to elevate the Bitcoin DeFi ecosystem. How Does It Work? Velar Protocol provides scalability and high transaction volume using Layer 2 solutions like Stacks while<\/p>\n","protected":false},"author":1,"featured_media":16944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[61,654,93,227,5167],"class_list":["post-16790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-bitcoin","tag-bybit","tag-defi","tag-launchpad","tag-velar-protocol"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Velar Protocol (VELAR)? 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