NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin DeFi Platform Velar Secures Listing on Bybit, Propelling Ecosystem Further

NewsBTC
NewsBTC
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

In a groundbreaking development for the Bitcoin (BTC) ecosystem, Velar — a liquidity protocol aimed at unlocking Bitcoin’s massive dormant capital for decentralized finance (DeFi) activities — recently announced the listing of its native token ‘$VELAR’ on Bybit, one of the world’s top three crypto exchanges by spot trading volume.

The development, slated for April 3rd and timed to coincide with Velar’s own Initial decentralized exchange (DEX) offering, represents a significant endorsement of the project’s vision to transform Bitcoin’s utility beyond just a store of value (SoV). Moreover, it stands to pave the way for broader accessibility and innovation within the Bitcoin DeFi sector among thousands of new users.

The massive potential of Bitcoin DeFi

While the Ethereum DeFi ecosystem has seen phenomenal growth in recent years, surpassing $50 billion in total value locked (TVL) earlier this year, Bitcoin’s potential for DeFi has continued to remain largely untapped. In fact, it is estimated that over $1 trillion worth of Bitcoin (BTC) is currently sitting idle with investors globally, failing to generate any yield or revenue streams for them.

Velar aims to change this status quo by progressively integrating BTC into cutting-edge DeFi applications built on Layer-2 scaling solutions like Stacks. This allows leveraging Bitcoin’s unparalleled security and network effects while circumventing limitations around scalability and throughput on the base layer.

A key recent development from Velar has been the launch of Dharma, their native automated market maker (AMM) and decentralized exchange built on Stacks. In just two weeks of going live, Dharma has already attracted over 150,000 users, highlighting the immense demand for DeFi tools that can leverage Bitcoin’s liquidity.

To elaborate, Dharma allows Bitcoin holders to earn yield by providing liquidity and engaging in swaps/trades, all executed trustlessly on-chain, thereby opening up entirely new financial use cases for the cryptocurrency. Lastly, with Velar’s V2 mainnet launch on the horizon, the platform is set to introduce the world’s first Bitcoin-based perpetual futures DEX supporting up to 20x leverage.

Empowering self-custody and DeFi innovation

A core tenet of Velar’s approach is enabling users to tap their Bitcoin holdings for DeFi without surrendering self-custody – a key differentiator from wrapped Bitcoin tokens that rely on centralized custody. This preserves Bitcoin’s core value proposition while vastly expanding its use cases and capital efficiency.

According to Velar co-founder and CEO Mithil Thakore, being among the first major projects to bridge Bitcoin into DeFi presents great opportunities as well as risks that stand to shape the trajectory of the entire ecosystem going forward. He further noted:

“This marks a pivotal juncture where we’ll witness firsthand the interest and adoption of Bitcoin ecosystem projects on a global scale,” Thakore stated. “It’s not just about our project; it’s about paving the way for countless others. This inherent risk of being the first represents an invaluable learning opportunity that will shape the trajectory of Bitcoin-based projects in the years to come.”

Well-Timed Amidst Renewed Bitcoin Exuberance

The timing for Velar’s listing on Bybit comes amid a resurgence of bullish sentiment surrounding Bitcoin, with the recent approval of spot Bitcoin ETFs in the U.S. helping reignite institutional interest. The world’s pioneering cryptocurrency has been on a tear since Q4 2023, more than doubling in price year-to-date.

Many analysts view Bitcoin’s current rally as just the start, projecting its market capitalization could realistically grow ten-fold or more in the coming years as it captures part of the multi-trillion dollar market shares of asset classes like gold, silver, foreign exchange reserves, money supply, and institutional investment portfolios.

Even if a fraction of Bitcoin’s existing holdings can get channeled into the DeFi sector — as enabled by Velar and future projects — it can potentially supercharge the growth of this innovative financial ecosystem, benefiting both Bitcoin and the broader crypto space. On the subject, Tejinder Singh Mor, Velar’s co-founder and Chief Product Officer, noted:

“We’re poised to launch the world’s first Perp Dex on Bitcoin. This milestone not only validates our team’s efforts but also highlights the potential of our products to make a meaningful impact in the Bitcoin DeFi space.”

Thus, as we move toward a future driven by decentralized technologies, projects like Velar seem to be well-positioned to help facilitate Bitcoin’s integration into the global digital finance ecosystem. Interesting times ahead!

 

Image Source: Depositphotos

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Seizing the 2025 Bull Market: How CoinEx Empowers Global Traders from Three Key Perspectives

As the crypto market enters a new wave of bullish momentum in early 2025, Bitcoin has repeatedly broken through the...

News BTC 2 days ago

How Artificial Intelligence in 2025 Helps You Achieve Financial Freedom?

In the wave of digital currency, countless people search day and night for the code to wealth—some leave disheartened, while...

NewsBTC 3 days ago

A Rollercoaster Year: A Look at the Biggest Crypto Moments of 2025 So Far

We’re not even at the midway point, yet 2025 has arguably been the most talked-about year for crypto so far....

News BTC 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

CoinEx: How Haipo Yang’s Philosophy of Long-Termism Is Manifesting in Global Philanthropy

News BTC 8 hours ago

Toobit or Bitunix? Your Ultimate Guide to Features, Benefits, and Your Best Bet

News BTC 10 hours ago

Why More Miners and Traders Are Moving to EMCD’s Unified Crypto Toolset

News BTC 1 day ago

Premium Sponsors

Top Brands

Press Releases

  • Top 3 kryptoměny k nákupu před koncem léta — jedna stojí pod $0,04 a překonává Sui (SUI)

    Top 3 kryptoměny k nákupu před koncem léta — jedna...

    6 hours ago
  • Top 3 kryptomeny na kúpu pred koncom leta — Jedna stojí menej než 0,04 USD a prekonáva Sui (SUI)

    Top 3 kryptomeny na kúpu pred koncom leta — Jedna stojí...

    6 hours ago
  • Top 3 kriptó, amit megéri megvenni a nyár vége előtt — az egyik 0,04 dollár alatt van és felülmúlja a Sui-t (SUI)

    Top 3 kriptó, amit megéri megvenni a nyár vége előtt...

    8 hours ago
  • Top 3 opkomende crypto memes met toekomst terwijl SHIB & DOGE dalen – nu memecoins kopen?

    Đã Đến Lúc Bán Pepe Khi Giá Giảm 18%? Presale...

    8 hours ago
  • Como identificar criptomoedas baratas e promissoras

    Top 4 Các Đồng Coin Tiềm Năng Tháng 6 – Liệu...

    9 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.