About Velar

Velar is a DeFi liquidity protocol for Bitcoin, revolutionizing the way we harness the true potential of Bitcoin.

Velar’s ​​emphasis on security, scalability, and user-friendliness proposes a decentralized financial system that leverages Bitcoin’s strengths while addressing its limitations.

Velar announced an airdrop for all users who participated in the incentivized testnet, which launched on June 13 and will end in 4 weeks.

5% of the total token supply will be airdropped to testnet users.

How to Qualify

First, make sure to download Hiro Wallet.

Change the network (in wallet settings) from mainnet (default) to testnet.

Click the “Request Faucet” button at the top to get testnet $STX tokens.

101 $STX tokens can be claimed every 2 hours. It may take some time for your $STX to appear in your wallet, so it is recommended to wait 10-15 minutes.

Use the swap function.

Add liquidity to the STX/VELAR pool.

Select the STX/VELAR pool and click “Add Liquidity”.

Remove Liquidity. Select the same pool, go to the "My Liquidity" tab, and click the "Remove Liquidity" button.

Go to the “Staking” tab and stake your testnet VELAR tokens.

Finally, unstake some VELAR tokens.