Velar Dharma, a Bitcoin layer 2 trading protocol, has announced an integration with Xverse, the leading non-custodial wallet for accessing Bitcoin’s layer 2 ecosystem. Consequently, Velar Dharma’s AMM-powered swaps may now be made by Xverse users from inside the wallet.
With this integration, Velar Dharma is now the only provider offering Bitcoin L2 swaps within the Xverse wallet dashboard. As a result, users may trade stablecoins, BTC, STX, and other assets on Bitcoin L2 network Stacks.
A gateway to the Bitcoin ecosystem, Xverse’s well-known web3 wallet enables users to securely store and trade assets like Bitcoin, Ordinals, and Runes. Complete support for assets based on Bitcoin is offered, and it is accessible as a browser extension and on mobile devices. These features will be expanded by the integration of Velar Dharma, which also offers a secure environment for carrying out Stacks swaps.
The leading Bitcoin wallet, Xverse, offers an easy-to-use entry point into the expanding Bitcoin ecosystem. With integrated Ledger support, users may experience the greatest degree of security when sending and receiving their digital collectibles in Xverse. Through Xverse, users may purchase, store, and swap BTC and STX, the native token of the Bitcoin layer-2 protocol Stacks, as well as utilize it as a mobile wallet for Bitcoin.
A larger group of Bitcoin natives will be able to use Velar Dharma thanks to its integration with Xverse, enabling smooth swapping. Velar’s high-performance trading engine will be available to Xverse users straight from their wallet interface, saving them time and effort.
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.”
Deep liquidity pools on Velar Dharma ensure that Xverse customers may swap assets fast and at competitive rates. Velar will now support other Bitcoin L2s in addition to Stacks L2, giving Xverse users more access to possibilities within the developing Bitcoin DeFi ecosystem.
A major step toward Velar Dharma’s goal of being the leading decentralized exchange in the Bitcoin ecosystem is the exclusive cooperation with Xverse. As the only provider enabling Xverse’s swap features, Velar Dharma can showcase the effectiveness of their AMM while enabling customers to get more out of their Bitcoin holdings.
The most secure blockchain ever developed is being accessed via an interface being built by Velar. With Velar Dharma’s user-friendly interface, anybody can easily trade their preferred Bitcoin-based tokens, and Velar Artha is the world’s first Bitcoin perps DEX. Velar is enabling people to take ownership of their digital assets, unleashing untapped liquidity, and setting the stage for a new era of financial innovation driven by Bitcoin.
Source: https://thenewscrypto.com/velar-dharma-integrates-with-xverse-boosting-bitcoin-l2-swaps/