TL;DR
- Velar Artha PerpDex launches its beta, becoming the first Bitcoin-native decentralized perpetual contracts platform.
- The platform, based on the Layer 2 solution BOB, offers fast transactions, high scalability, and reduced costs while maintaining Bitcoin’s security.
- In its beta phase, it allows trading with leverage up to 10x and ensures total control over assets through a non-custodial system.
The beta launch of Velar Artha PerpDex has been announced, introducing an innovative platform as the world’s first Bitcoin-native decentralized perpetual exchange.
The platform, disruptive within the DeFi sector, will integrate perpetual contracts within the Bitcoin ecosystem, offering traders a new tool to operate with contracts on the Bitcoin network.
🚀 From vision to reality in just one year – Beta Mainnet of Velar Artha, the world's FIRST PerpDex on Bitcoin, is LIVE on @build_on_bob!
For first-time ever, trade Bitcoin-native perps:
– Up to 10x leverage
– Bitcoin Finality
– Non-custodial securityThe future of trading is… pic.twitter.com/ULDccYyBs2
— Velar (@VelarBTC) September 16, 2024
Velar Artha PerpDex is built on BOB (Build on Bitcoin), a Layer 2 solution for the BTC network. This infrastructure allows the platform to provide extremely fast transactions, enhanced scalability, and reduced transaction costs while maintaining the security guarantees of Bitcoin.
The combination of Bitcoin’s robust security with the flexibility of perpetual contracts represents a crucial advancement in how financial products are interacted with within the BTC ecosystem.
Velar Offers Speed, Security, and Total Control
In its beta phase, Velar Artha PerpDex enables users to access perpetual contracts with up to 10x leverage, facilitating broader and more complex trades. The platform promises near-instantaneous execution of trades and will provide complete control over assets, thanks to its non-custodial system that ensures private keys and funds remain under the owner’s control at all times.
Furthermore, the introduction of Velar Artha PerpDex is more than just expanding Bitcoin trading options; it also marks a paradigm shift in how users interact with the cryptocurrency, extending it beyond its original role as a store of value.
Velar Artha has invited the community to participate in this beta phase, providing feedback and contributions that will be crucial in refining the platform. As it adjusts and expands, it will continue to develop. The platform plans to add new trading pairs, improve the user interface, and offer advanced analytical tools
