Velocity Opens Source Code, Prepares Beta Focused on Perpetual Futures
- —Velocity released the protocol source code and announced a public beta within days
- —OtterSec audit: 154 items, no critical vulnerabilities found, high-risk issues fixed
- —The spot market will move to collateral provision and lending, with a focus on perpetual futures
- —Fees from all perpetual products are shared among liquidity, the insurance fund and the protocol
Why it matters: The relaunch after a $295 million exploit will show whether trust returns to the protocol and its perpetual futures model on Solana.
Source: TokenPost