Velar, a decentralized Bitcoin exchange protocol, has introduced the Content Creator Yield Program, a groundbreaking initiative that rewards content creators similarly to yield farming. The program will distribute 50,000 $VELAR weekly (200,000 $VELAR monthly) among five contributors through a raffle system that converts engagement into rewards.
This initiative allows creators—ranging from bloggers and podcasters to video producers and tweet authors—to earn points for their contributions. These points translate into raffle entries, determining the weekly winners. By incentivizing high-quality, educational content, Velar aims to merge financial infrastructure with Bitcoin DeFi education.
“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.
Each week, 50,000 $VELAR will be distributed among content creators producing insightful Bitcoin DeFi content. Accepted formats include blogs, videos, tweets, and podcasts. Winners are selected based on a points-based raffle, and rewards are sent to their wallets within 48 hours.
Unlike traditional yield farming, which primarily benefits liquidity providers (LPs), Velar’s program offers a sustainable compensation model for Bitcoin DeFi educators. By valuing contributions that drive community growth, the initiative ensures that educational efforts are rewarded.
To maintain quality, Velar has implemented a verification process that prioritizes engagement over sheer volume. The program also resets weekly, providing equal opportunities for both new and smaller creators to participate and earn rewards. This approach fosters a fair, dynamic, and community-driven ecosystem within Bitcoin DeFi.
