Velar's newly refreshed interface delivers a streamlined experience for Bitcoin DeFi users. This guide walks you through each core feature, from bridging assets to earning yields through farming.

Let's explore how to make the most of Velar's capabilities.

Bridging Assets Between Chains

The bridge function enables seamless movement of VELAR tokens between Ethereum and Stacks networks. Here's how to use it effectively:

Getting Started with Bridging

First, you'll need to connect both your Ethereum and Stacks wallets. The bridge interface clearly displays your source and destination chains, making it easy to verify the direction of your transfer.

Bridge Requirements and Fees

Before initiating a bridge transaction, note these important details:

• Minimum transfer amount: 200 VELAR

• Standard bridge fee: 30 VELAR

• Additional network fees apply (varies by network)

Bridging Process

Navigate to the Bridge panel and ensure your source and destination chains are correct. Enter your desired amount, keeping in mind the minimum requirement. The interface will display your estimated output and total fees. Once you're ready, confirm the transaction in your wallet.

Executing Swaps

Velar's swap interface prioritizes clarity and efficiency. You can easily trade assets while maintaining control over your transactions.

Setting Up Your Swap

After connecting your wallet, you'll see your available balance for the selected assets. Choose your input token and the desired output token. The interface automatically calculates the exchange rate and displays your expected output.

Managing Swap Settings

Before confirming your swap, you can:

• Set a maximum slippage tolerance

• Review the current exchange rate

• See your minimum output amount

• Check transaction fees

Providing and Managing Liquidity

Liquidity provision on Velar offers an opportunity to earn trading fees while supporting the ecosystem's growth.

Adding Liquidity

Start by visiting the Explore section and selecting Pools. The interface displays current pools with key metrics including TVL, volume, and more. To add liquidity:

1. Choose your desired pool or create a new pair

2. Input your deposit amounts for both assets

3. Review the pool details, including:

• Current pool ratios

• Your expected share

• Slippage tolerance

Monitoring Your Positions

Track your liquidity positions through the My Positions tab, which shows:

• Amount of LP tokens

• Your pool share percentage

• Current value of position

• Earned fees

Removing or Burning Liquidity

Velar offers two options when exiting a position:

1. Standard Removal: Withdraw your assets at current pool ratios

2. Burn Option: Permanently remove liquidity (note: this action is irreversible)

Maximizing Returns with Farming

Farming allows you to earn additional rewards on your LP tokens. Understanding how to optimize your farming strategy can significantly enhance your yields.

Starting to Farm

Navigate to the Farm tab to view available opportunities. Each farm displays:

• APY rates

• Daily reward estimates

• Total value staked

• Reward token distribution

Managing Your Farm Positions

Once you've selected a farm:

1. Choose how many LP tokens to stake

2. Monitor your position in the My Farms tab

3. Track reward accumulation by epoch

Claiming Rewards

Rewards can be claimed after each epoch:

• Claim up to 10 epochs in one transaction

• Monitor current epoch progress

• Review estimated rewards before claiming

Optimizing Your Strategy

Keep track of changing APYs across different farms to maximize your returns. Consider factors like:

• Total value locked

• Reward rates per epoch

• Time until next epoch

• Gas fees for transactions

Best Practices and Tips

To make the most of Velar's features:

1. Always verify your wallet connections before transactions

2. Monitor slippage settings in volatile markets

3. Consider long-term farming positions for optimal rewards

4. Keep track of epoch schedules for efficient reward claiming

This guide covers the essential features of Velar DEX. As the platform continues to evolve, stay connected with the community for updates and new opportunities in Bitcoin DeFi.