Introducing VELAR: The Next Generation DeFi Liquidity Protocol Listed on Bitfinex
At Extreme Investor Network, we are excited to share the latest news in the world of cryptocurrency. Bitfinex, a premier digital asset trading platform, has recently announced that it will list VELAR, the native token of Velar, a groundbreaking DeFi liquidity protocol.
Velar is not your average DeFi protocol – it leverages the robustness of Bitcoin through a Layer 2 agnostic approach, operating on the Stacks blockchain and utilizing the Clarity smart contract language. This unique approach allows users to launch and trade tokens on the Bitcoin blockchain while earning rewards through providing liquidity to pools with pool assets, all while enjoying minimal fees on a secure blockchain.
VELAR, Velar’s native token, serves as the backbone of the platform, incentivizing user participation and offering a range of utility within the Velar ecosystem. Users can use VELAR for payments, platform engagement, accessing opportunities like liquidity provider rewards, and participating in liquidity protocols offering boosted yields.
Henry Child, Head of Tokens at Bitfinex, expressed excitement about listing VELAR, stating that Velar’s multi-chain strategy alongside Bitcoin’s security will accelerate DeFi adoption within the Bitcoin ecosystem. This listing on Bitfinex will empower users to participate in this next wave of DeFi adoption.
Deposits for VELAR are set to open at 10:00 AM UTC on May 28, 2024, with trading scheduled to commence on May 30, 2024. VELAR will be tradable against US Dollars (VELAR/USD) and Tether tokens (VELAR/USDt).
For those interested in accessing VELAR on Bitfinex, please visit [Bitfinex website link].
About Bitfinex: Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. With advanced trading features, charting tools, peer-to-peer financing, an OTC market, and margin trading, Bitfinex aims to provide unparalleled support and innovation for experienced traders and liquidity providers worldwide.
For media inquiries, please contact [email protected]. Official logos and branding can be found at [Bitfinex press downloads link].
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