Main meals:
- The first decentralized exchange in the original bitcoin (PEPDEX) It was published on Smokes by verarOpen Bitcoin interest in Defi.
- the PERPDEX Bitcoin’s trading can be able with similar capabilities Defi based on Ethereum Applications but were protected by Bitcoin.
- Built on The stack layer 2and annular The taps are in Bitcoin without providing the capabilities of the smart contract for decentralized trading.
- The launch represents an important point Defi Bitcoin Acceptance, bridge the difference between the negative bitcoin owners and active Defi merchants.
- with Defi based on Bitcoin Popular solutions can encourage VERAR to further innovation in this sector.
Diversification of Bitcoin’s use in Defi
Bitcoin is usually a valuable store and not an active player in Decentralized financing (Defi). Unlike Ethereum, which can perform smart contracts and a wide range of Defi applications, the Bitcoin structure historically prevented it from entering this space.
but PERPDEX Vear Release Chimney This play book is rewritten. By entering a permanent bitcoin exchange, Velar enables merchants to trade with permanent contracts and permanent contracts on the Bitcoin network. This is to change the game for the financial use of Bitcoin, which allows it to compete directly directly with ETHEREUM Defi platforms like Dydx and GMX.
Veel PerPDEX on the stack – Bitcoin Defi trading interface
Unlike the central trading platforms that require users to trust at a third party, Velax is on the series, allowing users from Keep full control of their assets while taking advantage of Bitcoin safety.
How does PerPDEX Villar work
PerPDEX Velar Simones, a Bitcoin layer 2 The network, to enable the functions of the smart nodes without changing the basic Bitcoin layer. Layer-2 solution ensures that transactions are:
- Guaranteed by bitcoin – All professions and transactions eventually settle on Blockchain Bitcoin.
- Decentralization -No reliance on centwens, any less risk.
- Costing effective -Type 2 analysis improves transactions productivity and lowering transactions fees.
- Permanent contractsFinancial tools that allow trading in Bitcoin price – are an essential element in modern encryption markets. Velar allows such contracts within the Bitcoin world so that traders can open the positions of benefit without using central sites such as Binance or Bybit.
The platform also provides liquidity pools, which enables users to deposit Bitcoin to earn returns by providing liquidity for traders to benefit from them. This model inflated capital efficiency as well as trading sizes, so the bitcoin ecosystem is more active.
The importance of Velar launching Bitcoin Defi
Velar’s launch of PerPDEX is an important standard for Defi’s aspirations in Bitcoin. yet, Defi Bitcoin The base of users was primarily limited to wrapped symbols like WBTC (Bitcoin wrapped) In ethereum or lending protocols at an early stage such as Sovryn.
with PermanentVelar explains that Bitcoin is able to support advanced Defi applications without wrapping or bridge on other networks. This can:
- Attract more liquidity to the DEFI ecosystem.
- Mazer urge to develop original financial products Bitcoin.
- Make Bitcoin the most desire as a participant in the DEFI economy, not just a negative investment.
Since Ethereum dominated Defi, Bitcoin’s entry into space was gradually. But projects like Vear now put the way for a new wave of bitcoin -led decentralized financing.
The upcoming challenges and roads
Despite its capabilities, PERPDEX’s PERPDEX and Pitcoin face the widest DEFI phenomenon some challenges:
- Expansion Even layer 2 solutions, such as a stack, make things more efficient, but they still depend on the slow -class basic layer assertion rates.
- Liquidity growth ETHEREUM -based DEFI protocols have a huge liquidity feature. The growing liquidity will be withdrawn to the Defi field in Bitcoin in the long run.
- User adoption The majority of Bitcoin holders are still looking at BTC as a long -term valuable store and not an activity circulating. Changing this position will be very important to adopt Defi.
However, with saying this, with the continued demand for decentralized trading and financial services on the basis of bitcoin in growth, PERPDEX from Vear may represent the beginning of something different for Bitcoin in Defi.
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Pamphlet Bitcoin enters Defi: Vear publishes the first perpdex bitcoin-native First appear on Cryptoninjas.
