USDh Powers Trading on Velar PerpDEX

Today marks a milestone for Bitcoin DeFi. Velar has launched the first Bitcoin-native perpetual futures DEX (PerpDEX) on Stacks, with USDh at its core.

USDh powers Velar’s first trading pair: sBTC/USDh, enabling on-chain perpetual futures trading entirely within the Bitcoin ecosystem. sBTC/USDh Perp positions are entirely collateralized by BTC native assets: BTC and a BTC-backed stablecoin.

This means traders can now go long or short on Bitcoin without relying on any external networks or the fiat system.

Why This Matters

Traditional finance has long provided powerful tools like leverage, but Bitcoin users have been left behind — until now.

USDh bridges the gap and delivers the liquidity and stability needed for leverage trading in its purest form: Exclusively settled into and fully collateralized by BTC.

Users no longer need to rely on external smart contract networks or the fiat banking system to trade futures.

With Velar’s PerpDEX, Bitcoin-native DeFi is maturing. USDh is the missing piece, allowing Bitcoin to express its full potential.

How to Get Started

Trading is live. Start trading the sBTC/USDh pair on Velar today: LINK

It’s as easy as:

1. Connect your wallet to Velar’s web app.

2. Choose the sBTC/USDh trading pair.

3. Use USDh or sBTC as collateral to open your position.

4. Go long or short on Bitcoin using Bitcoin-native assets.

5. Enjoy fully on-chain trading with leverage, all within the Bitcoin network.

About Hermetica

Hermetica is the creator of USDh, the first Bitcoin-backed, yield-bearing synthetic dollar on Bitcoin L1 and L2s. Earn up to 25% on your dollars without leaving Bitcoin. Hermetica is a crypto veteran team with previous experience at Kraken.