All on-chain and desk liquidity across the Veld network — the btcVELD AMM pool, the Bitcoin peg, and the cross-chain swap desk.
btcVELD AMM Pool
VELD ⇄ btcVELD constant-product pool — the on-chain market anyone can trade or provide liquidity to.
btcVELD Peg
Wrapped Bitcoin issued 1:1. Every btcVELD in circulation is backed by real BTC in custody.
Cross-Chain Swap Desk
Maker inventory available to swap against, per chain, with the desk's current VELD quote.
How Liquidity Providers Earn
Deposit VELD + btcVELD into the pool and collect a share of the fee on every swap. No lockup — withdraw anytime.
1 · Someone swaps
A trade routes through the pool, VELD ⇄ btcVELD.
→
2 · Swap fee kept
The fee stays inside the pool — reserves grow, nothing is paid out separately.
→
3 · Your share grows
You own a % of the pool — a bigger pool is a bigger claim. Collect it when you withdraw.
Swap fee
1.00% → 0.30% by depth
1.00% while the pool is shallow, easing to a 0.30% floor as btcVELD depth grows past 0.5 BTC
Your ownership
shares ÷ total
set when you add liquidity
You collect
on withdraw
your % of current reserves
Example. You seed 100 VELD + 0.001 btcVELD and hold 100% of the pool. Traders swap against it; each swap leaves the pool fee behind (1.00% at this depth). As volume builds, the reserves grow — you withdraw and receive more total value than you put in. That difference is your fee income.