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Veles, also known as Volos is a major Slavic god of earth, waters, forests and the underworld. His attributes are wet, wooly, hairy (bearded), dark and he is associated with cattle, the harvest, wealth, music, magic and trickery. Believed to be related to the Norse deity of Loki. According to reconstruction by some researchers he is the opponent of the Supreme thunder-god Perun. As such he probably has been imagined as a dragon, which in the belief of the pagan Slavs is a chimeric being, a serpent with a bear's head and drooping hairy ears.
This pendant is cut out and formed out of knotwork on a chord necklace.