Velar Introduces First Perpetual Decentralized Exchange (PerpDEX) for Bitcoin in DeFi Sector

Velar has unveiled the world's inaugural decentralized perpetuals exchange, which is inherently constructed on Bitcoin.

Velar, a platform specializing in DeFi infrastructure for Bitcoin-secured assets, has rolled out its new offering, signaling a fresh phase in decentralized finance powered by Bitcoin (BTC).

Hosted on Stacks, a Bitcoin layer 2, the platform facilitates perpetual futures trading with leverage while ensuring users retain complete control of their assets.

The exchange is now operational at perpdex.velar.com, debuting with an sBTC-USDh trading pair. USDh, a product of Hermetica, represents the first synthetic dollar tailored for Bitcoin DeFi and will serve as the fundamental trading pair across the platform.

The Wait is over — Velar Artha PerpDex now LIVE on @Stacks

Start trading perps on Bitcoin with:

• 5x leverage
• sBTC <> USDh Pair
• 100% Bitcoin security

Begin trading now: perpdex.velar.com

Trading on Bitcoin without sacrificing

Velar PerpDex gains from the Stacks blockchain's five-second block times, decentralization, and Bitcoin-backed finality. By amalgamating extensive liquidity and powerful trading infrastructure with a Bitcoin-native experience, the platform aims to release new capital efficiency for BTC holders.

"The introduction of the first PerpDEX on Bitcoin is a landmark achievement for the future of DeFi on Bitcoin, enabling traders to access leverage and deep liquidity while remaining within the Bitcoin ecosystem," said Velar CEO Mithil Thakore

Designed for Bitcoin DeFi

Perpetual trading is one of the most dynamic sectors of crypto markets. However, it has been largely inaccessible to Bitcoin users without resorting to wrapped tokens or custodians. Velar's integration with Hermetica's USDh stablecoin resolves this issue by enabling Bitcoin-native perpetual contracts backed by a synthetic, yield-bearing dollar.

"Perpetual trading is among the most vital products in crypto, and now, thanks to Velar, it's finally accessible on Bitcoin," said Jakob Schillinger, CEO of Hermetica.

With the launch of PerpDex, Velar is establishing itself as a fundamental layer for Bitcoin-native financial products, enabling BTC holders to access sophisticated trading tools while remaining fully within the Bitcoin-secured ecosystem.