Dear Velar Community,

As we bid farewell to August, we're thrilled to share the exciting developments that have unfolded in the Velar ecosystem. This month has been marked by significant milestones, innovative features, and a growing community. Let's dive into the highlights that are shaping the future of DeFi on Bitcoin.

Bridging Networks with Ease

We're excited to announce the release of our animated guide showcasing the Velar Bridge in action. This visual walkthrough demonstrates the seamless transfer of $VELAR tokens between the Stacks and Ethereum networks. 

Our goal is to make cross-chain interactions as simple and intuitive as possible, and this guide is a step towards demystifying the process for our users.

Shaping Velar's Identity Together

We believe in the power of community, which is why we launched a Logo Design Competition with a $5000 reward. This initiative invites designers from all walks of life to contribute to Velar's visual identity. We're eager to see the creative interpretations of our vision and values through your designs.

Expanding Horizons with Viking Swap

Integration is key to a thriving ecosystem. This month, Viking Swap received a significant upgrade through Velar SDK integration. This means that all token pairs available on Velar are now accessible on Viking Swap, greatly expanding trading options for users across platforms.

Pushing Bitcoin Scalability Boundaries

We're at the forefront of Bitcoin scalability solutions. Our latest blog post delves into the revolutionary potential of BitVM2 and BitVM Bridge. These innovations promise to reshape Layer 2 integration on Bitcoin, potentially transforming the landscape of Bitcoin DeFi. We encourage our community to read the post and join the discussion on this exciting development.

Empowering the Community with Velar SDK

The Velar SDK continues to be a powerful tool for community-driven innovation. This month, it began powering GoatCoin's Memegoat Aggregator DEX, bringing multi-source liquidity to traders. We're proud to see our technology enabling new DeFi experiences across the ecosystem.

Celebrating Growth: $3M TVL Milestone

We're thrilled to announce that the Velar DEX has crossed the $3 million Total Value Locked (TVL) milestone! This achievement is a testament to the trust and support of our growing community. Thank you for being part of this journey.

Prioritizing Security

As we grow, we remain committed to the security of our platform. The Velar Artha PerpDex audit contest launched on Sherlock with a $48,000 reward. This initiative underscores our dedication to building a robust and secure DeFi environment for all users.

Enhancing User Experience

We've implemented numerous technical updates to improve your experience on the Velar DEX:

• Optimized the farm list for better performance

• Fixed issues with amount display on the swap page

• Enhanced transaction visibility on Pool and Token pages

• Improved pool and token page functionalities

• Implemented minimum balance requirements for Stacks

• Added sorting capabilities to the Pool View

• Displayed APY on the My Farms page

• Improved our notification system

• Enhanced token search functionality

These updates are driven by your feedback and aimed at creating a smoother, more intuitive platform for all our users.

Looking Ahead

As we move into September, we're more excited than ever about the future of Velar and Bitcoin DeFi. We have more innovations in the pipeline and can't wait to share them with you.

Thank you for your continued support and engagement. Together, we're not just using DeFi – we're shaping its future on Bitcoin.

Stay tuned, stay engaged, and as always, happy trading!

The Velar Team