Dec 3, 2024

Dec 3, 2024

Dec 3, 2024

Velar DEX Introduces Permissionless Pool Creation: A First for Stacks Ecosystem

Velar DEX Introduces Permissionless Pool Creation: A First for Stacks Ecosystem

Velar DEX Introduces Permissionless Pool Creation: A First for Stacks Ecosystem

Today marks a watershed moment for decentralized finance (DeFi) in the Stacks ecosystem. We are thrilled to announce that Velar DEX is introducing permissionless deployment of STX-paired pools, a groundbreaking feature that puts the power of decentralized trading into the hands of our community.

A First for Stacks: Permissionless STX Pool Creation

Velar DEX is proud to be the first platform in the Stacks ecosystem to offer permissionless pool creation with STX pairs. This means that for the first time, anyone can create a custom trading pool pairing any SIP-010 token with STX (minimum 100 STX), without needing approval from a central authority. This innovation represents a significant step forward in DeFi development on Stacks.

Empowering Our Users

With this new feature, we're expanding our offerings and enhancing how our DEX operates. Users can now create markets for any token paired with STX that they believe has value, fostering a more diverse and dynamic trading environment.

Embracing True Decentralization

This update isn't just about adding a new feature; it's about embracing the ethos of decentralization. By allowing permissionless STX pool creation, we're removing centralized control over pool deployment while maintaining the stability that STX pairs provide.

A Community-Owned and Run Platform

With this announcement, Velar DEX transitions into a community-driven platform. We believe that the strength of a decentralized exchange lies in its users, and we're excited to see how our community will leverage STX pairs to drive innovation and growth.

What This Means for You

For our users, this update opens up a world of possibilities:

  • Create custom pools with STX pairs

  • Participate in a more diverse and liquid STX-based market

  • Shape the future of Velar DEX through your direct involvement

How to Create Your Own STX Pool: A Step-by-Step Guide

Creating your own STX pool on Velar DEX is straightforward:

  1. Visit the Velar WebApp, head to Pools section, and click on "Create Pair"

  1. Choose your desired SIP-010 token to fill-in the token contract address

  1. Enter the token amount (along with min 100 STX)

  1. Add liquidity for both tokens and sign the transaction

  1. Once transaction confirmed, congratulations! Your custom STX pool is now ready

Once your pool is deployed, you can find your new pool in the "My Pools" section of the WebApp.

Looking Ahead

This is just the beginning. As we empower our community to create STX-paired pools, we're excited to see how Velar DEX will evolve. We believe this move will not only benefit our platform but will also push the entire Stacks ecosystem forward, setting a new standard for decentralized trading.

We invite all our users to explore this new feature, create STX pools, and actively participate in this new era of decentralized finance on Velar DEX.

Together, let's build the future of DeFi on Stacks!

Stay tuned for more updates and don't hesitate to reach out to our community channels if you have any questions about permissionless STX pool deployment.

Today marks a watershed moment for decentralized finance (DeFi) in the Stacks ecosystem. We are thrilled to announce that Velar DEX is introducing permissionless deployment of STX-paired pools, a groundbreaking feature that puts the power of decentralized trading into the hands of our community.

A First for Stacks: Permissionless STX Pool Creation

Velar DEX is proud to be the first platform in the Stacks ecosystem to offer permissionless pool creation with STX pairs. This means that for the first time, anyone can create a custom trading pool pairing any SIP-010 token with STX (minimum 100 STX), without needing approval from a central authority. This innovation represents a significant step forward in DeFi development on Stacks.

Empowering Our Users

With this new feature, we're expanding our offerings and enhancing how our DEX operates. Users can now create markets for any token paired with STX that they believe has value, fostering a more diverse and dynamic trading environment.

Embracing True Decentralization

This update isn't just about adding a new feature; it's about embracing the ethos of decentralization. By allowing permissionless STX pool creation, we're removing centralized control over pool deployment while maintaining the stability that STX pairs provide.

A Community-Owned and Run Platform

With this announcement, Velar DEX transitions into a community-driven platform. We believe that the strength of a decentralized exchange lies in its users, and we're excited to see how our community will leverage STX pairs to drive innovation and growth.

What This Means for You

For our users, this update opens up a world of possibilities:

  • Create custom pools with STX pairs

  • Participate in a more diverse and liquid STX-based market

  • Shape the future of Velar DEX through your direct involvement

How to Create Your Own STX Pool: A Step-by-Step Guide

Creating your own STX pool on Velar DEX is straightforward:

  1. Visit the Velar WebApp, head to Pools section, and click on "Create Pair"

  1. Choose your desired SIP-010 token to fill-in the token contract address

  1. Enter the token amount (along with min 100 STX)

  1. Add liquidity for both tokens and sign the transaction

  1. Once transaction confirmed, congratulations! Your custom STX pool is now ready

Once your pool is deployed, you can find your new pool in the "My Pools" section of the WebApp.

Looking Ahead

This is just the beginning. As we empower our community to create STX-paired pools, we're excited to see how Velar DEX will evolve. We believe this move will not only benefit our platform but will also push the entire Stacks ecosystem forward, setting a new standard for decentralized trading.

We invite all our users to explore this new feature, create STX pools, and actively participate in this new era of decentralized finance on Velar DEX.

Together, let's build the future of DeFi on Stacks!

Stay tuned for more updates and don't hesitate to reach out to our community channels if you have any questions about permissionless STX pool deployment.

Today marks a watershed moment for decentralized finance (DeFi) in the Stacks ecosystem. We are thrilled to announce that Velar DEX is introducing permissionless deployment of STX-paired pools, a groundbreaking feature that puts the power of decentralized trading into the hands of our community.

A First for Stacks: Permissionless STX Pool Creation

Velar DEX is proud to be the first platform in the Stacks ecosystem to offer permissionless pool creation with STX pairs. This means that for the first time, anyone can create a custom trading pool pairing any SIP-010 token with STX (minimum 100 STX), without needing approval from a central authority. This innovation represents a significant step forward in DeFi development on Stacks.

Empowering Our Users

With this new feature, we're expanding our offerings and enhancing how our DEX operates. Users can now create markets for any token paired with STX that they believe has value, fostering a more diverse and dynamic trading environment.

Embracing True Decentralization

This update isn't just about adding a new feature; it's about embracing the ethos of decentralization. By allowing permissionless STX pool creation, we're removing centralized control over pool deployment while maintaining the stability that STX pairs provide.

A Community-Owned and Run Platform

With this announcement, Velar DEX transitions into a community-driven platform. We believe that the strength of a decentralized exchange lies in its users, and we're excited to see how our community will leverage STX pairs to drive innovation and growth.

What This Means for You

For our users, this update opens up a world of possibilities:

  • Create custom pools with STX pairs

  • Participate in a more diverse and liquid STX-based market

  • Shape the future of Velar DEX through your direct involvement

How to Create Your Own STX Pool: A Step-by-Step Guide

Creating your own STX pool on Velar DEX is straightforward:

  1. Visit the Velar WebApp, head to Pools section, and click on "Create Pair"

  1. Choose your desired SIP-010 token to fill-in the token contract address

  1. Enter the token amount (along with min 100 STX)

  1. Add liquidity for both tokens and sign the transaction

  1. Once transaction confirmed, congratulations! Your custom STX pool is now ready

Once your pool is deployed, you can find your new pool in the "My Pools" section of the WebApp.

Looking Ahead

This is just the beginning. As we empower our community to create STX-paired pools, we're excited to see how Velar DEX will evolve. We believe this move will not only benefit our platform but will also push the entire Stacks ecosystem forward, setting a new standard for decentralized trading.

We invite all our users to explore this new feature, create STX pools, and actively participate in this new era of decentralized finance on Velar DEX.

Together, let's build the future of DeFi on Stacks!

Stay tuned for more updates and don't hesitate to reach out to our community channels if you have any questions about permissionless STX pool deployment.

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©2024, All right reserved.

©2024, All right reserved.

©2024, All right reserved.