Bitcoin L2 trading protocol Velar Dharma has announced that it has integrated with Xverse, the leading non-custodial wallet for accessing Bitcoin’s layer 2 ecosystem. As a result, Xverse users can now make swaps powered by Velar Dharma’s AMM directly within the wallet.
The integration makes Velar Dharma the sole provider of Bitcoin L2 swaps within the Xverse wallet dashboard. This enables users to trade BTC, STX, and other assets including stablecoins on Bitcoin L2 network Stacks.
Xverse’s popular web3 wallet provides a gateway to the Bitcoin ecosystem, allowing users to securely store and trade assets including BTC, Ordinals, and Runes. Available for mobile and as a browser extension, it provides comprehensive support for Bitcoin-based assets. The integration of Velar Dharma will extend these capabilities while providing a secure environment for executing Stacks swaps.
By integrating with Xverse, Velar Dharma will become accessible to a wider audience of Bitcoin natives who will be able to experience seamless swaps. Xverse users will enjoy Velar’s high-performance trading engine directly from their wallet interface without any additional steps.
Velar CEO Mithil Thakore said: “We’re delighted to become the exclusive swap partner for Xverse, whose wallet provides unrivaled access to the best that Bitcoin and its growing L2 ecosystem have to offer. The ability to trade directly within Xverse is a game-changer that will introduce Velar Dharma’s swap capabilities to Bitcoin natives, who can access an array of tokens while retaining full custody of their assets.”
Ken Liao, CEO of Xverse added: “The integration of Velar swaps in Xverse brings a new level of convenience and improvements to Bitcoin L2 liquidity for Xverse users.”
Velar Dharma features deep liquidity pools, ensuring that Xverse users can swap assets quickly and at competitive rates. Expanding beyond Stacks L2, Velar will now support additional Bitcoin L2s, providing Xverse users with greater access to opportunities across the growing Bitcoin DeFi ecosystem.
The exclusive partnership with Xverse represents a significant step in Velar Dharma’s journey to become the preeminent decentralized exchange in the Bitcoin ecosystem. As the sole provider powering Xverse’s swap functionality, Velar Dharma can demonstrate the efficiency of its AMM while empowering users to do more with their Bitcoin assets.
About Velar
Velar is building the user interface to access the most secure blockchain ever created. Velar Dharma enables anyone to effortlessly trade their favorite Bitcoin-based tokens via a user-friendly interface while Velar Artha serves as the world’s first Bitcoin perps DEX. Velar is laying the groundwork for a new era of Bitcoin-powered financial innovation while unlocking untapped liquidity and empowering users to take control of their digital assets.
Learn more: https://velar.co/
About Xverse
Xverse is the leading Bitcoin wallet that provides a user-friendly gateway to the growing Bitcoin ecosystem. Users can send and receive their digital collectibles in Xverse and enjoy the highest level of security with built-in Ledger support. Available as a Bitcoin mobile wallet and a browser extension for Chrome, Xverse enables users to buy, store, and swap BTC and STX, the native token of the Bitcoin layer-2 protocol Stacks.
Learn more: https://www.xverse.app/
This post was last modified on Sep 30, 2024, 17:57 BST 17:57