After months of development and community anticipation, we're proud to announce that Velar PerpDex on Stacks is now live. This milestone represents not just a product launch, but a fundamental shift in what's possible within the Bitcoin ecosystem.

Velar CEO Mithil Thakore said: "At Velar, our goal has always been to build core trading infrastructure that keeps users and liquidity on Bitcoin. Launching the first PerpDEX on Bitcoin is a defining milestone for the future of DeFi on Bitcoin, enabling traders to access leverage and deep liquidity without leaving the Bitcoin ecosystem."

Bitcoin-Native Trading Infrastructure

Velar PerpDex stands as the first perpetual decentralized exchange built directly on Bitcoin through Stacks, delivering what traders have been asking for: true Bitcoin finality with every transaction. This isn't simply another layer or workaround—it's purposefully designed infrastructure that brings institutional-grade trading capabilities while maintaining the security guarantees that Bitcoin provides.

The launch features our first trading pair: sBTC<>USDh. This pairing is strategic, combining the power of sBTC on Stacks with Hermetica’s Bitcoin-backed stablecoin USDh. The result is a trading experience that remains entirely within the Bitcoin ecosystem from start to finish.

Technical Foundation

What sets Velar PerpDex apart is its technical architecture:

• 100% Bitcoin finality for every trade

• Full composability with Bitcoin's security model

• Settlement that leverages native Bitcoin mechanisms

• Order execution with minimized latency and slippage

We've built this system to handle high transaction volumes while maintaining the decentralization principles that are core to Bitcoin's value proposition. The orderbook design enables efficient price discovery while our liquidity mechanisms ensure stable trading even during volatile market conditions.

Community Impact

This launch directly addresses the most frequent request we've received from our community: "wenperps?" Today, we answer with action rather than promises.

The introduction of Velar PerpDex creates tangible utility for sBTC, helping bridge the gap between Bitcoin's store of value proposition and the functional needs of DeFi traders. By enabling perpetual trading pairs backed by Bitcoin-native assets, we're expanding what's possible within Bitcoin DeFi without compromising on security or decentralization.

Important: Initial Testing Period

For the first 2-3 weeks following launch, we'll be conducting thorough system testing to ensure optimal performance and security. During this period, we recommend users avoid opening large positions. 

This cautious approach helps protect both individual users and the overall ecosystem as we monitor and optimize the platform under real-world conditions.

Looking Forward

This launch represents the first step in our broader roadmap. In the coming months, we'll introduce additional trading pairs, enhanced cross-chain capabilities, and deeper liquidity pools—all while maintaining our commitment to Bitcoin finality.

The significance of this moment extends beyond Velar—it demonstrates that sophisticated DeFi infrastructure can be built in alignment with Bitcoin's fundamental principles. We're not just launching a product; we're helping establish Bitcoin as a foundation for the next generation of financial infrastructure.

Join Us

Velar PerpDex on Stacks is now open for trading. We invite the community to experience Bitcoin-native perpetual trading at perpdex.velar.com

This isn't just another launch—it's the beginning of a new chapter for Bitcoin DeFi.

Trade now. The future is Bitcoin.