Velar Kicks Off First Yield Farming Program For Bitcoin DeFi Content Creators
In Brief
Velar has introduced its Content Creator Yield Program, designed to reward content creators in a way similar to yield farming, distributing 50,000 VELAR tokens weekly to five raffle winners.
Bitcoin decentralized exchange protocol, Velar, introduced its Content Creator Yield Program, an initiative designed to reward content creators similarly to yield farming. Through this program, 50,000 VELAR tokens will be distributed weekly to five contributors, with winners selected via a raffle entry system that transforms their engagement into weekly rewards.
“The Velar Creator Program is about recognizing the unsung heroes of the Bitcoin ecosystem – the creators who put in the work, with no support or incentives, simply because they believe in the mission. It’s time they get the rewards and respect they deserve,” said Peter Watson, Chief Marketing Officer at Velar, in a written statement.
Through this initiative, content creators—ranging from tweet authors to bloggers, video producers, and podcasters—will earn points based on their contributions. These points will be converted into raffle entries, with weekly winners selected accordingly. Velar’s goal is to combine education and financial infrastructure by rewarding informative and engaging content related to Bitcoin decentralized finance (DeFi).
Each week, 50,000 VELAR tokens will be distributed among contributors, producing high-quality educational content about Bitcoin DeFi. Eligible formats include tweets, blogs, videos, and podcasts. Winners will be selected via a points-based raffle system, and rewards will be sent to the recipients’ wallets within 48 hours.
The Content Creator Yield Program introduces a sustainable compensation model for educators in Bitcoin DeFi, offering a contrast to traditional yield farming, which was previously limited to liquidity providers (LPs). Velar’s approach acknowledges the value of all contributions to the growth of DeFi education, emphasizing community-driven development within both DeFi and the Velar ecosystem.
The initiative also includes a thorough verification process to ensure quality, rewarding the value of engagement rather than simply the volume of content. Additionally, there will be weekly resets, giving newer or smaller creators fresh opportunities to participate.
Velar: What Is It?
Velar is developing a user interface designed to access one of the most secure blockchains ever created. The platform allows users to easily trade Bitcoin-based tokens with just a few clicks, offering a simple, intuitive interface. Velar is paving the way for a new era of Bitcoin-powered financial innovation, unlocking previously untapped liquidity and empowering users to have full control over their digital assets.
Recently, Velar launched the BTC Name Grant Program, which aims to promote the standardization of digital identities on the Stacks network. The initiative is focused on encouraging wider adoption of the “.btc” digital identity standard within the Bitcoin ecosystem, helping to reduce manual errors and streamline on-chain interactions.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
