I assume you are talking about taking velvet off a deceased bucks rack?
I play around with taxidermy part time. I have stripped velvet racks several times, however it's always when the velvet is really dry and about ready to rub off anyway ( sometimes a guy will shoot a buck in velvet, then later decides he prefers a clean rack and wants it removed) What I do is soak in a tub of water with a cup of Clorox bleach over night. The bleach softens up the velvet and removes most, or all the smell. If you are looking to remove velvet that was still pumping lots of blood ( like a buck that died in mid July) I believe there are some chemicals that can be ordered in my taxidermy books that help make it easier. I'll check into it. However if a buck dies in July, their racks are best preserved by freeze drying, if you strip the velvet the points will be very soft and porous and will break easily.