Logo of Velar PerpsVelar Perps(VELAR)
Total Value Locked$14,084.4

TVL by Chain

Stacks$12,363.57

BOB$1,133.32

Mezo$587.51

Protocol Information

DeFi Liquidity Protocol on Bitcoin

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Category:Derivatives

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Hacks

Date: Feb 19, 2026

Amount: $401,000

Classification: Oracle Manipulation

Technique: Predictable Oracle Update

Chains: Mezo

Language: Solidity

Target Type: DeFi Protocol

Competitors

LogX V2 ($41.62)Jupiter Perpetual Exchange ($785.62m)GMX V2 Perps ($206.88m)Hyperliquid HLP ($185.2m)Derive V2 ($163.29m)Extended Perps ($120.59m)dYdX V4 ($76m)AZverse Perps ($51.84m)Lighter Robinhood Perps ($42.36m)dYdX V3 ($38.86m)

Frequently Asked Questions

What is Velar Perps' TVL?

Velar Perps currently has $14,084.4 in total value locked. TVL has increased 10% over the past 30 days.

What chains does Velar Perps operate on?

Velar Perps operates on 3 chains: Mezo, BOB, and Stacks. Stacks holds the largest share at 87.8%.

How does Velar Perps' TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Velar Perps ranks #152 by TVL. The category holds $2.083b across 419 protocols, and Velar Perps accounts for <0.1% of that total. Other leading protocols include LogX V2, Jupiter Perpetual Exchange, GMX V2 Perps, Hyperliquid HLP, Derive V2, Extended Perps, dYdX V4, AZverse Perps, Lighter Robinhood Perps, and dYdX V3.

Has Velar Perps ever been exploited?

Velar Perps has 1 recorded security incident. The most recent incident occurred on Feb 19, 2026 and involved $401,000. It was classified as Oracle Manipulation.