Velar has officially launched the world’s first decentralized Perpetuals exchange built on Bitcoin.
Velar, a Defi-infrastructure platform focused on building advanced trade products and user interfaces for Bitcoin-secured assets, said that the new product marks a new chapter in Bitcoin (BTC)-based decentralized financing.
Entered on Stacks, a Bitcoin layer 2, allows the platform users to exchange eternal futures with leverage while maintaining full custody of their assets.
The fair is now live on Perpdex.velar.com and opens with a trading couple SBTC-usdh. USDH, developed by Hermetica, is the first synthetic dollar specially designed for Bitcoin Defi and will serve as the basic trading couple on the platform.
Acting on Bitcoin without a compromise
Velar Perpdex benefits from the Stacks Blockchain’s five-second block times, decentralization and bitcoin-supported finality. By combining a deep liquidity and robust trade infrastructure with a Bitcoin-Native experience, the platform wants to unlock new capital efficiency for BTC holders.
“Launching the first Perpdex on Bitcoin is a determining milestone for the future of Defi on Bitcoin, giving traders access to lever and deep liquidity without leaving the Bitcoin ecosystem,” said Velar CEO Mithil Thakore
Built for Bitcoin Defi
Perpetual Trading is one of the most active sectors of crypto markets. But so far it has usually remained inaccessible for Bitcoin users without trusting packaged tokens or preservators. Velar’s integration with Hermetica’s USDH Stablecoin solves this by making Bitcoin-Native contracts possible that are supported by a synthetic, revenue-bearing dollar.
“Perpetual Trading is one of the most important products in crypto, and now thanks to Velar it is finally possible on Bitcoin,” said Jakob Schillinger, CEO of Hermetica.
With the launch of Percdex, Velar positions himself as a fundamental layer for Bitcoin-Native Financial Products, giving BTC holders access to advanced trade tools while staying entirely within the Bitcoin-protected ecosystem.
