Built from Ethereum's dreams and Solana's speed ⚡️Velas is the fastest L1 EVM blockchain for smart contracts and dApps 🌱Green ⛛ Powered by $VLX
Zug, Switzerland
Joined May 2019
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👋Hello Velas community! As we announced earlier, the FrostFire landing page is now live: frostfirewallet.com/
We’re also sharing a demo video so you can take a look at some of the available features, such as swapping and staking @Solana $SOL and @VelasBlockchain $VLX
Big progress on developing subnets and Velas 2.0! 🔥
🚀 Velas 2.0 Subchain Devnet/Testnet Tech Update 🚀
1️⃣ ERC20 Upgrade: The contract at 0x0000…000 now supports mint/burn natively—ownable, gas token-compatible, and WETH-free! Composable like Optimism’s precompiles.
2️⃣ Geth Compatibility: Genesis config updated for seamless nonce parsing in Geth.
3️⃣ Large Genesis Configs: Precompiled contract support added, enabling massive subchains with large initial states.
4️⃣ EVM Archive Fix: Improved temp ref resets for better archive reliability.
5️⃣ EVM Minting Tests: Rigorous new tests ensure robust minting functionality.
6️⃣ Tooling Boost: Improved cast-cli, added full support for Foundry, Remix, & Hardhat.
7️⃣ Minter Bug Fix: Address validation issue resolved—minting now seamless across subchains.
#Velas #Crypto #DeFi #EVM
Velas retweeted
#Velas Update:
1. Last week, in collaboration with @AccumulatedFi, we allocated 1 million $VLX tokens, which will be distributed among $stVLX stakers.
2. Two weeks ago, we released a devnet update introducing key enhancements:
Support for hosting subchains with an updated configuration (semi-compatible with geth init).
Improved program instructions for subchain management.
A dynamic mint/burn token mechanism within subchains, enabled through a specialized system contract.
3. Next week, we plan to release another devnet update, which will:
Enable the exploration of internal transactions within the blockchain explorer.
Refine and polish the documentation (already available at Velas Docs).
docs.velas.com/evm/subchain).
Velas retweeted
🔥 An additional 1,000,000 $VLX in liquid staking rewards will be distributed to $stVLX stakers over the next 4.5 months, from January 30 to June 19.
Stake $VLX on @AccumulatedFi:
➡️ accumulated.finance/stake/vl…
Velas retweeted
Follow 🚀 icon on @AccumulatedFi to find boosted APR and special liquid staking campaigns 👀 $VLX $ART
Velas retweeted
We're excited to announce the upgrade of $VLX LST to its latest and most advanced version 🫡
This update introduces several key features, including:
⬆️ direct withdrawals (with instant processing when available)
✅ withdrawal status tracking through NFT avatars
💪 a range of smaller enhancements for an improved user experience
Stakers on @VelasBlockchain can now stake unlimited $VLX on @AccumulatedFi without worrying about stableswap pool liquidity, while arbitrageurs are encouraged to help rebalance the @WagyuSwap_app pool 🔥
Stake here:
➡️ accumulated.finance/stake/vl…
Velas retweeted
We have over 300 projects who signed up for subchain devnet on velas 2.0
Very excited to help all here we go :)
6. Launch a Blockchain Explorer: Set up a blockchain explorer 🔍, such as #Blockscout, to allow users to track transactions and network activity on your chain.
Velas retweeted
Next step in evm evolution is here.
Had to put my head down with skeleton crew and once again prove its the quality not quantity of good and talented people that gets results.
Proud to unveil this :)
Velas retweeted
Massive upgrade to velas EVM, new stage in l2 evolution is here.
Velas 2.0 is here go to velas.com and apply to the first project to try it.
More technical details to follow.