Today we have Mithil Thakore, co-founder of Velar, on the podcast.

Velar is a DeFi application focused on providing yield on Bitcoin.

Mithil shares his journey in the crypto space, the vision behind Velar, and the importance of building on Bitcoin's secure infrastructure. The discussion delves into the differences between L1 and L2 solutions, the current product offerings of Velar, and an in-depth explanation of derivatives and perpetual contracts in the crypto market. The intricacies of perpetual decentralized exchanges (perp DEXs), their development, and the future of Bitcoin DeFi. He explains the differences between perpetual contracts and futures, the importance of liquidity and low latency in trading, and the trust assumptions involved in using Bitcoin Layer 2 solutions. Finally, he emphasizes the potential of decentralized finance on Bitcoin and his vision for it to surpass Ethereum DeFi in the coming years.

Follow Mithil on X: @RainFire09

Follow Velar on X: @velarBTC

Check out Velar on their website: https://velar.com/