Panama Metropolis, Panama – Bitcoin DeFi takes a daring step ahead. Velar, the main Bitcoin-based liquidity protocol, has joined forces with StackingDAO to introduce a groundbreaking STX/stSTX secure swap pool on Stacks. This progressive partnership addresses an pressing liquidity problem within the Stacks ecosystem whereas unlocking new return alternatives for STX and stSTX holders.
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Unlocking liquidity for STX Stakers
The brand new buying and selling pair on Velar DEX permits easy, low cost swaps between STX and stSTX, the betting model. This makes it simpler and cheaper for buyers to enter and exit their strike positions. By decreasing boundaries to participation, the pool is designed to draw each particular person and institutional buyers to StackingDAO.
Velar and StackingDAO lure liquidity suppliers with twin incentives:
5,000 VELAR tokens in every day rewards.
A 50% enhance in StackingDAO factors, which might unlock further advantages reminiscent of future rewards and airdrops.
This dual-structured strategy not solely encourages the supply of liquidity, but additionally permits members to maximise returns whereas supporting ecosystem development.
“The stSTX/STX stableswap on Velar DEX brings unparalleled effectivity, ultra-low slippage and progressive safety to liquidity suppliers. It is a transformative second for the Stacks ecosystem.”
Philip de Smedt, co-founder of StackingDAO
Improved performance for DeFi customers
For superior DeFi customers, the STX/stSTX pool gives a seamless method to accumulate further StackingDAO factors whereas making certain the liquidity wanted for large-scale swaps. Velar’s upgradeable variable midpoint expertise additional reduces momentary losses, making liquidity provision extra worthwhile in comparison with different swimming pools.
This collaboration strengthens Stacks by aligning two of its main tasks. As the most important DEX on Stacks, Velar gives the infrastructure for seamless token buying and selling. In the meantime, StackingDAO, the most effective Liquid Stacking protocol, democratizes entry to STX staking whereas unlocking liquidity for stSTX tokens. Collectively they drive the ecosystem ahead.
“Partnering with StackingDAO to create this distinctive secure swap pool underlines Velar’s dedication to innovation. Our variable midpoint implementation units a brand new commonplace for liquidity safety, and we’re excited to contribute to the evolution of Stacks along with such a proficient workforce.”
Peter Watson, CMO of Velar
A imaginative and prescient for the way forward for Bitcoin
Velar’s mission to unlock practically $2 trillion in dormant Bitcoin capital stays central to its efforts. By constructing a liquidity infrastructure on Stacks and different Bitcoin Layer 2s, Velar is paving the best way for Bitcoin-native DeFi purposes to flourish.
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About Velar
Velar is a number one Bitcoin liquidity protocol designed to unlock the complete potential of Bitcoin-based property. Via instruments like Dharma, its AMM on Stacks, Velar gives sturdy incentives for offering liquidity and buying and selling, enabling the subsequent wave of Bitcoin DeFi. Extra data: www.velar.co