What Is Velvet?

Velvet Capital (ticker VELVET) is a "DeFAI" platform, a combination of decentralized finance and artificial intelligence. It offers an AI-powered on-chain trading terminal, an AI research and trading copilot, and on-chain vaults for portfolio management, spanning several blockchains. VELVET is the platform's governance token.

Overview - Table of Contents
What Is Velvet?
Getting Started With Velvet
How To Get A Velvet Wallet?
Velvet Resources
How To Buy Velvet?
Latest Velvet News

Velvet Capital describes itself as a DeFAI operating system for on-chain research, trading, and portfolio management. Its product suite includes an AI framework for building DeFi workflows, a trading terminal for spot, perpetuals, and yield trades with real-time on-chain analytics, on-chain vaults for managing portfolios, and white-label DeFi infrastructure that other projects can build on. The platform connects across multiple networks, including Base, Ethereum, BNB Chain, Solana, and others.

The project was founded by Vasily Nikonov and began in 2022 as an open-source, cross-chain protocol for tokenized index funds and on-chain portfolio management. It later expanded into the AI-driven trading terminal and DeFAI positioning that define it today. Its AI copilot, branded "Velvet Unicorn," is a multi-agent system that lets users research tokens and prepare trades using natural language.

The trading terminal routes orders through an AI-assisted engine with protection against value-extracting attacks, aiming to give users a single interface for research and execution across chains. The on-chain vaults let users create and manage portfolios directly on-chain, with the underlying assets held in smart contracts rather than by a custodian.

VELVET uses a vote-escrow model. Users lock VELVET to receive veVELVET, with longer locks granting more voting power, fee discounts, and a share of protocol revenue. Half of the protocol's revenue is used to buy VELVET and distribute it to veVELVET stakers, and the other half goes to the DAO treasury. A separate points system rewards active users and can affect reward emissions and allocations.

VELVET has a fixed maximum supply of 1 billion tokens. The token exists on multiple chains, including BNB Chain and Base, and its distribution spans early backers, the team and advisors, a foundation treasury, ecosystem and community programs, liquidity, and airdrop and staking rewards. As with any actively managed protocol, the current circulating supply is a fraction of the maximum and grows over time.

Getting Started With Velvet

Using Velvet means connecting an EVM wallet and funding it on a supported chain:

Step 1: Set up an EVM wallet such as MetaMask, Rabby, or a mobile wallet that supports BNB Chain and Base.
Step 2: Fund it with assets on a supported network, for example by bridging or withdrawing from an exchange.
Step 3: Connect to the Velvet Capital app to use the trading terminal, AI copilot, or on-chain vaults.
Step 4: To take part in governance and earn a share of revenue, acquire VELVET and lock it into veVELVET.

How to Get a Velvet Wallet?

VELVET is an EVM token, so any wallet that supports its host chains (such as BNB Chain and Base) will work.

MetaMask

MetaMask is a widely used EVM wallet that can be configured for BNB Chain and Base to hold VELVET, connect to the Velvet app, and lock veVELVET.

Rabby

Rabby is a DeFi-focused wallet with helpful transaction previews and multi-chain support, well suited to interacting with the Velvet trading terminal.

Hardware Wallets

A Ledger device can be paired with MetaMask or Rabby to keep your keys offline, which is recommended for larger holdings and long veVELVET locks.

Velvet Resources

How to Buy Velvet?

VELVET can be bought on centralized exchanges or on-chain.

Centralized Exchanges

VELVET is listed on exchanges including Gate, KuCoin, Bitget, MEXC, BitMart, and LBank, typically against USDT.

Decentralized Exchanges

VELVET trades on decentralized exchanges on its host chains, including PancakeSwap and Uniswap on BNB Chain and Aerodrome and Uniswap on Base. Fund an EVM wallet, connect, and swap into VELVET, after which you can lock veVELVET or use the Velvet app.

Latest Velvet News

Velvet Capital held its token generation event in July 2025 through a Binance Wallet initial DEX offering, ahead of which it launched its AI copilot and ran a community campaign. Since then the project has continued to build out its DeFAI trading terminal and expand the networks it supports.

Because Velvet is a fast-moving DeFi and AI project, the official website, documentation, and X account are the best places to follow new features, supported chains, and changes to the veVELVET model.