📊Perpetual Swaps

Velar Artha introduces a decentralized perpetual swaps exchange that allows users to trade with leverage without the need for an expiration date. Perpetual swaps are derivative contracts that enable traders to take long or short positions on various crypto assets, with the ability to leverage their positions for increased exposure.

The perpetual swaps exchange in Velar Artha follows a GMX-style design, bringing the benefits of decentralized trading, low fees, and high capital efficiency. GMX is a successful decentralized spot and perpetual exchange known for its unique features and user-friendly interface. By adopting a similar design, Velar Artha aims to provide users with a familiar and intuitive trading experience while leveraging the advantages of the Bitcoin ecosystem.

Velar Artha's perpetual swaps exchange will be deployed on multiple Bitcoin Layer 2 solutions, including Stacks, BOB, and Bitlayer, each offering unique features and benefits.

Stacks

One of the key features of the Velar Artha perpetual swaps exchange on Stacks will be the support for BTC collateral through sBTC (Stacks-based Bitcoin). sBTC is a token that represents Bitcoin on the Stacks network, allowing users to utilize their BTC holdings as collateral for trading perpetual contracts.

By enabling BTC collateral through sBTC, Velar Artha opens up new opportunities for Bitcoin holders to participate in leveraged trading without having to sell their BTC. Users can deposit their sBTC tokens as collateral, which serves as the margin for their perpetual swap positions. This integration of BTC collateral enhances the liquidity and accessibility of the platform, attracting a wider range of traders and investors.

BOB (Testnet Live)

Velar Artha testnet for its perpetual swaps exchange (PerpDex) is now live on BOB (Build on Bitcoin), a pioneering hybrid Layer 2 solution that bridges the Bitcoin and Ethereum ecosystems. This signifies a major milestone in Velar Artha's mission to foster innovation and unlock the full potential of Bitcoin DeFi.

BOB's innovative approach combines the security and liquidity of Bitcoin with the smart contract functionality of Ethereum's EVM, creating a powerful hybrid Layer 2 ecosystem. By integrating with BOB, Velar Artha can leverage the best of both worlds, offering users a secure, accessible, and feature-rich environment for trading perpetual swaps.

The testnet deployment of Velar Artha PerpDex on BOB demonstrates the platform's ability to facilitate perpetual trading on a hybrid Bitcoin-Ethereum Layer 2 solution. Users can now explore and test the features of PerpDex, such as trading with leverage, accessing liquidity from both Bitcoin and Ethereum ecosystems, and utilizing Ethereum's extensive suite of dApps, stablecoins, and DeFi protocols.

Bitlayer (Testnet Live)

Velar Artha testnet for its perpetual swaps exchange (PerpDex) is now live on Bitlayer, a cutting-edge Layer 2 solution built on the Bitcoin network. This marks a significant step forward in bringing the benefits of perpetual trading to the Bitcoin ecosystem.

Bitlayer's unique architecture, which combines zero-knowledge (ZK) rollups and the BitVM paradigm, provides a scalable, programmable, and secure environment for deploying decentralized applications (dApps) like PerpDex. By leveraging Bitlayer's Layered Virtual Machine (LVM), Velar Artha can seamlessly support various smart contract execution environments, such as EVM and CairoVM, while maintaining the highest security standards.

The testnet deployment of Velar Artha PerpDex on Bitlayer enables users to explore and test the features of PerpDex, including trading with leverage, low fees, and fast transaction processing. Bitlayer's optimistic execution model and efficient ZK-STARK Verifier ensure a smooth and cost-effective trading experience without compromising security.