Velar is a cutting-edge DeFi protocol that leverages Bitcoin’s secure finality to unleash its full potential through the development of an advanced suite of DeFi products on the Bitcoin network. The initial version of Velar, codenamed “Dharma,” introduces an automated liquidity protocol utilizing the renowned “constant product formula.”
As part of our testnet activities, Velar will be generously distributing complimentary VELAR tokens to users. To participate, follow these step-by-step instructions:
1. Visit the Velar testnet page.
2. Install the Hiro wallet.
3. Switch the network to the testnet environment.
4. Since Velar is built on the Stacks blockchain, you’ll need some testnet STX tokens.
Obtain the necessary testnet tokens from the provided source.
5. Return to the Velar testnet page and engage in various actions such as making swaps and contributing liquidity.
6. All testnet users will be rewarded with free VELAR tokens based on their level of activity. The more actively you participate, the greater the amount of VELAR you will receive.
7. Stay updated by checking the airdrop announcement tweet.
Join us on this exciting journey to unlock the true potential of Bitcoin through Velar’s groundbreaking DeFi solutions.
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