Velo Labs is building a Federated Credit Exchange Network on Stellar that enables partners from legacy finance, CeFi, and DeFi to issue digital credits pegged to fiat currencies by staking VELO tokens, using the Hermes Warp Protocol to bridge Stellar with other chains for smart contract functionality.
Velo Labs is constructing a decentralized Federated Credit Exchange Network powered by the Velo Protocol, enabling network participants to issue digital credits pegged to any stable currency by staking VELO tokens. The network uses Stellar's Federated Byzantine Agreement for transaction confirmation and maintains participant autonomy beyond core protocol requirements. The Velo Protocol includes a Digital Credit Issuance Mechanism and Digital Reserve System that automatically rebalances collateral pools to maintain 1:1 parity with fiat currencies. Since Stellar lacks Turing-complete smart contracts, Velo Labs developed the Hermes Warp Protocol to bridge Stellar with Evrynet and Ethereum, enabling cross-chain token conversion. Backed by the Stellar Network and CP Group, Velo Labs currently serves Southeast Asian business partners and positions itself as a blockchain project with a clear path to mass adoption.