What is Velar?
Velar is a liquidity protocol that offers a comprehensive suite of DeFi services on the Bitcoin blockchain via the smart contract–capable Stacks Layer 2 platform. Velar utilizes an AMM liquidity model and offers token swaps, liquidity mining, staking and an Initial DEX Offering (IDO) launchpad.
The platform’s native cryptocurrency, the VELAR token, is designed for a variety of functions, which include governance in the future. Its current use cases are liquidity provision, payments for products and services within the app’s ecosystem, and access to premium services, such as priority customer support, DApp discounts and exclusive access to early offers.