Velar comes from the community, for the community, by the community. We are here today because of the constant support of our community through thick and thin. Every milestone, every feature, every step forward has been made possible by the people who believe in Bitcoin's vision of financial freedom for all.

This is why we live by Bitcoin's founding principle: Bitcoin is for the people. Velar represents Bitcoin's core values of community and togetherness. In Bitcoin, everyone wins, regardless of where they are from.

Today, we introduce The People’s Buyback - a 100% revenue allocation program that ensures our entire community directly benefits from the value we create together.

Key Details:

• Total Allocation: 100% of Velar Protocol's revenue flows back to the people through $VELAR token buybacks

• Frequency: Monthly buybacks, starting at the end of October

• Transparency: All repurchased tokens transferred to an on-chain public address, fully visible to the community

Revenue Sources

Like the four horsemen of value creation, our buyback captures revenue from all major protocol verticals - a comprehensive approach that includes even our core DEX trading fees:

DEX Revenue

• All trading and platform fees from Bitcoin's leading DEX

PerpDEX Revenue

• All perpetual trading revenues from the only native Bitcoin perps platform

Bridge Fees

• Cross-chain transaction revenues

Launchpad Revenues

• Platform and listing fees

Velar PerpDEX is now live on Stacks and Mezo networks. Experience native Bitcoin perpetuals at perpdex.velar.com and select your preferred network.

Why The People’s Buyback Matters

This isn't just a financial initiative - this embodies Bitcoin's foundational principle that the people should benefit from the systems they support.

• Supply Reduction: Over time as more supply is bought back, circulating supply decreases making $VELAR more scarce

• Community Ownership: Strengthens the people's stake in the protocol they help build

• Shared Prosperity: Ensures everyone benefits from Velar's growth, regardless of their background

• Bitcoin Values: Aligns with Bitcoin's core mission of financial empowerment for all

Looking Ahead

The People’s Buyback represents our commitment to Bitcoin's founding vision - a financial system that serves everyone. As we expand Velar across the Bitcoin ecosystem, every person who participates helps drive value that returns directly to the community.

Stay tuned for updates on the progress of The People’s Buyback, published regularly for full transparency. Together, we are building Bitcoin DeFi for the people, by the people.