Velar, a leading Bitcoin DeFi inventor, has announced a partnership with Bitlayer to launch Velar Artha, the world’s first Perpetual Decentralized Exchange (PerpDex) on Bitlayer’s EVM-compatible Bitcoin Layer 2.
Expanding the potential of decentralized finance operating on Bitcoin rails, the creation of a PerpDex hosted on Bitcoin infrastructure will open up new trading options for a range of assets. By enabling traders to exchange perpetual contracts directly on the Bitcoin blockchain, the cooperation sets a new standard for Bitcoin DeFi and ensures complete decentralization and security for all transactions.
In addition to being Velar’s first engagement outside of Stacks, the cooperation with Bitlayer represents a significant milestone as Velar increases the deployment of its PerpDex to additional key partners.
Velar CEO Mithil Thakore said:
“Partnering with Bitlayer for the launch of Velar Artha PerpDEX represents a significant milestone for the entire Bitco
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