The post Velar’s New Accelerator Velar Labs Launches To Support New Bitcoin Innovation appeared first on Coinpedia Fintech News
Bitcoin liquidity protocol Velar, already a significant player in Bitcoin’s growing DeFi ecosystem, is looking to take on an even more important role with the launch of its official launchpad, Velar Labs.
Velar Labs will be tasked with identifying and incubating the most promising projects in the growing Bitcoin ecosystem, helping them to grow and become key players in their own right by providing technical expertise, infrastructure support, useful connections and mentorships, as well as access to funding.
It’s all about providing Bitcoin startups with the resources they need to bring their ideas to light, and Velar is ideally placed to facilitate such an endeavor. The protocol has established itself as one of the leading lights in the Bitcoin network, pumping much-needed liquidity into its wider ecosystem of Layer-2 networks and decentralized applications, with a focus on the nascent Bitcoin DeFi industry.
Velar is best known for its Bitcoin-based decentralized exchange, which is powered by the automated market maker Dharma, and its innovative Bitcoin perpetuals DEX. The protocol taps into Bitcoin’s base security and transaction finality, while leveraging the Stacks L2 to achieve rapid transaction throughput and high scalability.
With its deep liquidity pools and its ability to facilitate almost instantaneous swaps at competitive rates, Velar brings real utility to BTC, enabling it to be used as collateral in various DeFi applications. It sees itself at the center of Bitcoin’s transformation and has plans to launch additional DeFi capabilities including yield farming protocols, staking infrastructure, cross-chain bridges and more.
Accelerating Bitcoin Development
Ultimately, Velar intends to help Bitcoin’s DeFi scene to mirror, or even surpass the Ethereum-based DeFi ecosystem, but as ambitious as it is, it recognizes it cannot do everything alone. That explains the need for Velar Labs, which intends to provide a “complete support structure” for new projects that can help to expand its mission.
Velar Labs will back the brightest Bitcoin projects from “concept to successful launch and beyond”, giving them access to everything they need to succeed. That includes the basic launch infrastructure, consisting of the tools and platforms they need to deploy their projects, access to technical excellence in the shape of its integrated DeFI ecosystem and the liquidity it brings, and strategic investment via its network of investors. It will also help new projects to build out their communities, providing assistance in areas like marketing, community engagement and ecosystem development, Velar said.
In a nutshell, what Velar Labs is really offering is a complete environment where Bitcoin innovation can be nurtured and ultimately thrive, and to do that it has forged a number of partnerships with other powerful players in the Bitcoin industry.
Those partners include BTC Startup Lab, which is focused on mentoring early-stage startups. It provides expert guidance from a number of veteran Bitcoin builders, assisting new projects throughout their development journeys, helping them to shape their go-to-market strategies and successfully launch their protocols and tokens.
There’s also Sats Ventures, led by the seasoned Bitcoin investor Kevin Williams, which will be on hand to provide projects with strategic funding and expert advice, together with technical infrastructure support, so they can find a viable path to mass adoption.
Finally there’s BitcoinFi, a well-known Bitcoin ecosystem accelerator that offers a six-week program for startups that need to refine their technical architecture and engineer a sustainable business model. As part of the course, BitcoinFi introduces project founders to various successful entrepreneurs, helping them to make the connections they need to grow over the longer term.
All told, Velar Labs offers quite the package: A comprehensive library of development tools and infrastructure services, mentorship and strategic guidance, access to funding, and ongoing learning and development support following a successful launch, giving Bitcoin startups every opportunity to succeed.
Incredible Potential
The launch of Velar Labs couldn’t have come at a better time, with Donald Trump’s election win boosting BTC to new heights, resulting in renewed interest in the nascent Bitcoin economy. Bitcoin remains by far and away the most dominant cryptocurrency, with a market cap of over $1.78 trillion meaning it accounts for 58% of all of the capital locked in the entire crypto ecosystem.
Thanks to the rise of L2 networks like Stacks, Merlin Chain and Dovi to name just a few, Bitcoin is no longer just a store of value. It’s rapidly emerging as an alternative DeFi ecosystem that can do everything Ethereum can do.
Even so, building on Bitcoin remains a serious challenge, with its fragmented infrastructure and a lack of advanced developer tools being just some of the hurdles new projects face. And don’t forget, many Bitcoin dApps are forging a path through virgin territory, going where no developer has ever gone before.
To succeed, new Bitcoin projects need as much help as they can get. By providing builders with comprehensive assistance from the get-go, Velar Labs can become the pillar of an entirely new, more dynamic and inclusive financial ecosystem that will transform the lives of millions of people all over the world.
