Introduction
Velocity Protocol is an open-source , decentralised exchange built on the Solana blockchain , deployed under its own program ID with a reduced, more secure feature set focused on perpetual futures trading and lending/borrowing.
Trade
- Perpetual Futures - Trade perp markets with leverage.
- Swap Tokens - Swap any pair with up to 5x leverage.
Velocity uses a cross-margined risk engine that lets a single pool of collateral back all of your positions, while limiting how much risk any account can take on:
- Collateral in the lend/borrow markets can also back perpetual futures positions, so spot assets work double duty.
- Every deposit earns lending yield and can serve as collateral for perpetual swaps at the same time.
- Borrowers can only borrow as much as their collateral supports, staying at or above the required collateral ratio, with additional safety measures to prevent over-extension.
Spot trading has been removed from the Velocity program. Spot markets exist only for collateral and borrow-lend. You can still exchange spot assets via swaps .
Earn
- Lend/Borrow - Earn yield on your deposits through lending.
- Insurance Fund Staking - Stake your assets into a vault and earn yield from exchange fees.
Build
- SDK - TypeScript SDK (
@velocity-exchange/sdk) for building trading apps and bots. - Rust SDK - Rust client (
velocity-rs), source-only in the velocity-v1 monorepo. - Tutorials - Build a Keeper bot or JIT Trading bot.
Velocity Protocol is open-source and contributions are welcome. See Velocity for Developers to get started.
Velocity’s smart contracts were audited by Trail of Bits and Neodyme, and OtterSec has separately reviewed Velocity’s own code changes since. See Audits for the full audit history, and the migration guide if you’re porting an existing integration.