🔎 What is Velar Dharma (V1)?
Velar, a groundbreaking DeFi protocol, is revolutionizing the way we leverage Bitcoin’s true potential. By building a sophisticated suite of DeFi products on top of the Bitcoin blockchain, Velar aims to unlock new possibilities in the decentralized financial landscape. With its emphasis on security, scalability, and user-friendliness, Velar’s architecture presents a decentralized financial system that harnesses the strength of Bitcoin while addressing its limitations.
Velar Tokenomics Distribution: Find the token distribution details of Velar. Also, the Velar team has hinted about the airdrop for all the testnet users in first 4 weeks of their Velar Dharma (v1) testnet.
📌 Steps to participate in the potential airdrop:-
Step 1:- Download a Bitcoin wallet (Xverse or Hiro)
Go to https://www.xverse.app/, download, and set up the wallet.
Step 2:- Get test tokens.
Join the official telegram https://t.me/velarofficial, and request test tokens by sending your wallet address.
Step 3:- Use the Velar Swap Function
- Go to https://app.velar.co/swap, and use the swap function to swap your Testnet STX for Testnet VELAR. This step will enable you to swap Testnet STX for Testnet VELAR.
Step 4:- Add Liquidity in STX/VELAR Pool
- No click on the pool section, all you have to do is select the STX/VELAR pool and click on “Add Liquidity.” This exercise will allow you to earn fees for providing liquidity to the pool.
Step 5:- Remove Liquidity from STX/VELAR Pool
- To remove your liquidity from the STX/VELAR pool, select the same pool on the Velar app and head to the “My Liquidity” tab, and click on the “Remove Liquidity” button.
Step 6:- Stake Your Testnet VELAR
- To do this, select the “Staking” tab on the top left icons on the Velar app and choose the amount of Testnet VELAR you wish to stake.
Similarly, you can also unstake your tokens at any point by clicking on the “Unstake” tab in the staking section.
So what are you waiting for join us on this journey as we explore the transformative impact of Velar in the world of decentralized finance.
Velar Dharma’s social links — Website | Twitter | Discord | Telegram | Blog
You can also refer to video tutorials for reference: Video Link
Now wait for more updates from Velar Dharma. Be sure to join us on Telegram to remain updated with Velar Dharma.
Disclaimer: This blog is for informational purposes only. Participation doesn’t guarantee you airdrop. There is no partnership between Chingari/Gari Network and Velar Dharma.
💬 Join 170M+ combined creator economy👇
You’ll find all the official links within this link — https://linktr.ee/garinetwork
