Velar Crypto Expands Bitcoin DeFi With Perp Trading Vision

Velar Crypto Brings Bitcoin PerpDEX to Stacks: Token Guide & IEO Steps

Velar crypto is building the first perpetual DEX on Bitcoin, and its public sale gave early supporters a chance to get in before the market did. Here is the complete guide: what Velar is, how the IDO and IEO worked, and what to do with $VELAR after.

What Is Velar? The Bitcoin Perp DEX Vision

Velar crypto is a DeFi protocol built on the Stacks blockchain, a Layer that brings smart contracts and DeFi to Bitcoin without changing Bitcoin itself.

Its flagship product is a perpetuals trading platform (Perp DEX), the kind of platform where traders can long or short crypto assets with leverage, but entirely on Bitcoin rails. No centralized exchange, no custodian, no trust required.

Why it matters:

• Bitcoin has the largest liquidity in crypto, but almost no native DeFi

• Stacks makes Bitcoin programmable, Velar puts that to use

• A bitcoin dex token with actual utility: trading fees, staking, governance

This is the core of the Stacks Bitcoin DeFi opportunity, and Velar is one of the first projects to make it real.

Velar Crypto: IDO vs IEO Explained

The Velar presale ran across two parallel routes at the same time: an IDO (on-chain) and an IEO (on Bybit). Both were launched around the same dates in early April 2024.

Both routes gave participants access to $VELAR at the public sale price before open market listing.

IDO Guide: How the On-Chain Sale Worked?

The Velar IDO guide (official) broke the sale into two phases:

Phase 1: Whitelist Only

• Timing: 20:00 UTC April 2 to 08:00 UTC April 3

• Only whitelisted addresses could participate

• Each address: one ticket, priced at $200

• First-come, first-served basis

Phase 2: Open Access

• Timing: 08:00 UTC to 10:59 UTC April 3

• Any remaining tickets went public

• Still first-come, first-served

Key reminders from the official guide:

• Never share private keys or seed phrases with anyone

• Double-check all transaction details before confirming

• Act fast: ticket supply was limited

IEO Steps: How to Participate via Bybit Launchpad

The Velar IEO steps on Bybit Launchpad followed a lottery model. Here is exactly how it worked:

Step-by-step to participate:

1. Register and verify your Bybit account (KYC required)

2. Create a Bybit Web3 Wallet inside your account

3. Fund your Bybit Funding Account with USDT

4. Hold assets during the March 30 snapshot to qualify

5. On April 3, go to Bybit Launchpad, select Velar, and click "Join Lottery."

6. Choose the number of lottery tickets and confirm

7. If you win: navigate to the Velar IEO page, click "Purchase," and confirm

Velar Tokenomics at a Glance

The Velar token sale was structured to reward genuine early supporters, not bots. Whitelist access, lottery mechanics, and KYC requirements filtered for real participants.

Stacks Integration: Why It Makes Velar Unique?

Most DeFi lives on Ethereum or Solana. Velar crypto chose Stacks because it settles directly to Bitcoin, inheriting its security without changing Bitcoin.

What Velar's Stacks integration means in practice:

• Smart contracts run on Stacks, finality settles on Bitcoin

• Users interact with a familiar DeFi interface: swap, stake, provide liquidity

• $VELAR tokens bridge from Bybit to Stacks for on-chain participation

• Bitcoin's security model backs every transaction

This is not a Bitcoin-themed project. It is a protocol that actually runs on Bitcoin infrastructure.

How to Bridge and Stake After the Sale?

If you bought $VELAR via the Velar public sale on Bybit and want to go on-chain:

Step 1: Withdraw from Bybit Withdraw $VELAR tokens to your personal wallet from the Bybit spot account.

Step 2: Bridge to Stacks Use the official Velar bridge at app.velar.co to move tokens to the Stacks chain.

Step 3: Use the Velar App Three things you can do once bridged:

• Stake $VELAR to earn staking rewards

• Provide liquidity to earn trading fees

• Swap tokens on the Velar DEX

Velar staking is the simplest option for holders who want passive yield while the perp DEX grows.

Post-Listing: What to Do With $VELAR

Once listed, holders have two paths:

The official Velar crypto guide recommends bridging for anyone who wants active ecosystem participation. Staking and liquidity are the two main yield sources on-chain.

Official links:

Final Takeaway

The Velar crypto was one of the cleanest token launches in Bitcoin DeFi: two routes, clear steps, real utility behind the token. The IDO gave on-chain participants direct access, and the Bybit IEO brought CEX-native users into the Bitcoin DeFi ecosystem.

The bigger story is what Velar is building: a perp DEX on Bitcoin, powered by Stacks, secured by the most trusted blockchain in the world. The sale was just the beginning.

Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or legal advice. The Velar ($VELAR) public sale (IDO and IEO) concluded in April 2024 and is no longer active. $VELAR is a live tradeable token. Cryptocurrency investments carry significant risk, including the risk of total loss of capital. Always do your own research (DYOR) before making any investment decisions. The author and publisher are not affiliated with Velar or Movement Labs and hold no responsibility for financial decisions made based on this content.