Velar and Bitlayer Join Forces to Revolutionize Bitcoin DeFi

Velar is thrilled to announce a strategic partnership with Bitlayer, a Layer 2 solution built on the Bitcoin network. This collaboration marks a significant milestone in our mission to drive innovation and expand the capabilities of the Bitcoin ecosystem.

Bitlayer’s groundbreaking approach, which leverages zero-knowledge (ZK) rollup and the BitVM paradigm, aligns perfectly with Velar’s vision of a scalable, programmable, and secure Layer 2 infrastructure. By integrating the robustness of Bitcoin with the flexibility of smart contracts, Bitlayer opens up a world of possibilities for developers and users alike.

One of the key aspects that drew Velar to Bitlayer is its Layered Virtual Machine (LVM) architecture. The LVM enables seamless support for various smart contract execution environments, such as EVM and CairoVM, while maintaining the highest security standards. This flexibility allows Velar to build and deploy innovative decentralized applications (dApps) such as PerpDex on the Bitcoin network with ease.

Moreover, Bitlayer’s optimistic execution model, combined with its efficient ZK-STARK Verifier, ensures fast transaction processing and low costs without compromising security. The platform’s Bitcoin-friendly FRI (Fast Reed-Solomon IOP of Proximity) protocol further optimizes the verification process, making it one of the most efficient ZK-STARK Verifiers available on the Bitcoin network.

Velar’s decision to partner with Bitlayer stems from our shared commitment to preserving the ethos of Bitcoin while enabling the development of innovative DeFi applications. Bitlayer’s unique architecture strikes the perfect balance between scalability and security, allowing Velar to build cutting-edge dApps without sacrificing the core principles that make Bitcoin the most trusted and reliable blockchain.

By leveraging Bitlayer’s advanced features, such as the trustless dual-channel cross-chain bridge, Velar can offer users a seamless and secure way to interact with DeFi applications on the Bitcoin network. This partnership enables Velar to bring the benefits of DeFi, such as enhanced liquidity, accessibility, and financial inclusion, to the Bitcoin community without compromising on decentralization or security.

As a testament to our confidence in Bitlayer’s technology, Velar is working closely with the Bitlayer team to explore the integration of our highly anticipated Velar Artha PerpDex. Bitlayer’s robust infrastructure and commitment to Bitcoin’s core values make it an ideal foundation for the PerpDex, which aims to bring perpetual trading to the Bitcoin ecosystem.

In the coming days, we will share more details about our collaboration and the exciting developments that lie ahead. Velar is committed to delivering cutting-edge solutions to our users, and our partnership with Bitlayer is a testament to that commitment.

Stay tuned for further announcements and prepare for a new era of possibilities on the Bitcoin Layer 2 landscape.