DeFi

Velar (VELAR) integrates Bitcoin with DeFi via the Stacks blockchain

Published

8 months ago

30 May, 2024

Velar (VELAR) Integrates Bitcoin with DeFi Through Stacks Blockchain

Velar, a decentralized finance (DeFi) liquidity protocol, leverages Bitcoin security through an agnostic Layer 2 approach, initially using the Stacks blockchain and Clarity smart contract language. According to Bitfinex, Velar is designed to integrate the fundamental strength of Bitcoin with advanced DeFi capabilities, rolling out in strategic phases to introduce sophisticated solutions such as automated liquidity protocols and decentralized perpetual contract trading with leverage up to at 20X.

DeFi on Bitcoin via Velar and the Stacks Bitcoin Layer Two

Velar’s primary goal is to leverage the strength and security of Bitcoin through an agnostic layer 2 approach. Using the Stacks blockchain and Clarity smart contract language, Velar seeks to merge the fundamental robustness of Bitcoin with the dynamic capabilities of DeFi. As a leader in the Bitcoin DeFi space, Velar is designed to support a range of financial applications, from simple swaps and liquidity pools to advanced offerings such as staking, farming and onramps. Launch of the Initial DEX Offering (IDO).

Velar’s development is structured into four strategic phases. The inaugural phase, “Dharma,” demonstrated the platform’s potential by launching an automated liquidity protocol. This phase included features such as Swap, Liquidity Pools, Staking, Farming and IDO Launchpad, attracting significant attention and participation with over 150,000 users during its testnet phase. This early success laid a solid foundation for Velar’s ambitious roadmap.

Building on this foundation, Velar’s next major milestone is the “Artha” phase, which will introduce the world’s first decentralized perpetual contracts exchange with Bitcoin finality, offering up to 20X leverage. This feature is poised to revolutionize the DeFi community by enabling leveraged trading within the secure and trusted framework of Bitcoin. Velar’s Layer 2 agnostic design ensures future compatibility between various Layer 2 Bitcoin solutions, promising a flexible and scalable platform capable of adapting to continued advancements in blockchain technology.

Velar’s broader vision is to seamlessly integrate native Bitcoin liquidity with advanced DeFi services, creating a new paradigm in the financial ecosystem. Backed by strong investment support and strategic alliances with key Bitcoin Layer 2 solutions, Velar is well-positioned to redefine the intersection of Bitcoin and decentralized finance. By offering a comprehensive suite of financial applications, Velar aims to drive innovation, improve market liquidity, and drive greater adoption of DeFi over Bitcoin, paving the way for a more inclusive and decentralized financial future.

What is VELAR token

The VELAR token is the native utility token of the Velar DeFi liquidity protocol, designed to serve as the backbone of its ecosystem. It plays a crucial role in encouraging participation, providing liquidity, and facilitating various activities within the Velar platform. As a fundamental part of Velar, the VELAR token allows users to engage in a wide range of DeFi operations, ensuring the smooth functioning and growth of the protocol. With a total supply of 1 billion tokens, VELAR is distributed to support community rewards, treasury reserves, founding team, advisors, early buyers, and airdrops.

One of the primary use cases for the VELAR token is to incentivize liquidity providers. Users who lock their assets into Velar’s liquidity pools are rewarded with VELAR tokens, fostering an active and liquid market. This incentive mechanism is vital to maintaining the efficiency and attractiveness of the Velar DEX and other DeFi applications. By providing liquidity, users contribute to the overall functionality and stability of the platform, ensuring that there are sufficient assets available for trading and other activities.

Additionally, the VELAR token is used to access premium features and services in the Velar ecosystem. For example, users can stake their VELAR tokens to receive various benefits, such as reduced trading fees, early access to new platform features, and participation in exclusive incentivized testnets. Staking VELAR tokens is also a prerequisite for participating in the IDO on the Velar Launchpad. Depending on the number of tokens staked, users receive IDO tickets which allow them to invest in new projects launched on the platform. This staking mechanism helps build an engaged and committed community, rewarding long-term supporters with tangible benefits.

The VELAR token plays an important role in Velar’s governance model. Token holders have the power to participate in important decision-making processes that shape the future of the platform. Through governance, users can vote on proposals related to protocol upgrades, new feature implementations, and other critical aspects of Velar development. This decentralized approach ensures that the platform evolves in a way that reflects the collective interests of its community, promoting transparency and inclusiveness. By involving token holders in governance, Velar fosters a more democratic and user-focused ecosystem, allowing its community to directly influence the direction of the project.

For more detailed information about Velar, please visit the original source here.

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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