Velar is a DeFi protocol with Bitcoin finality that aims to unlock Bitcoin’s true potential by building a sophisticated suite of DeFi products on Bitcoin. Velar V1, codenamed “Dharma,” includes an automated liquidity protocol based on the “constant product formula.”

Velar will be airdropping free VELAR to users who do testnet activities. Install Hiro wallet, get testnet STX tokens and do testnet actions on Velar to receive free VELAR tokens.

Step-by-Step Guide:
  1. Visit the Velar testnet page.
  2. Install Hiro wallet.
  3. Change the network to testnet.
  4. Velar is built on the Stacks blockchain so you will need some testnet STX tokens.
  5. Get the testnet tokens from here.
  6. Now go back to the Velar testnet page and make some swaps.
  7. Also provide liquidity.
  8. All testnet users from June 13th for 4 weeks will get free VELAR at TGE based on their activity. The more you’re active the more VELAR you will receive.
  9. Check the airdrop announcement tweet.
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