Velar Dharma and Xverse Partner for Seamless Bitcoin Layer 2 Swaps, Revolutionizing DeFi Trading

October 2, 2024
Velar Dharma and Xverse Partner for Seamless Bitcoin Layer 2 Swaps, Revolutionizing DeFi Trading
  • Velar Dharma has successfully integrated with Xverse, enabling seamless Bitcoin Layer 2 swaps directly within the wallet.

  • This partnership is particularly significant as it aligns with the rapid growth of the Decentralized Finance (DeFi) sector.

  • The collaboration aims to enhance the user experience for Bitcoin transactions on decentralized platforms, making trading more accessible.

  • This integration marks a notable advancement for both companies in the Bitcoin DeFi space, offering users more secure and flexible trading options.

  • Ken Liao, CEO of Xverse, emphasized that the integration improves liquidity and convenience for Bitcoin Layer 2 trading.

  • Users will benefit from seamless swaps and access to a high-performance trading engine without any additional steps.

  • The collaboration enhances user access to fast, secure, and competitively priced swaps on the Stacks Layer 2 network.

  • Xverse users can now trade assets like BTC, STX, and stablecoins through Velar Dharma’s automated market maker engine.

  • Velar Dharma features deep liquidity pools, ensuring quick and competitive asset swaps for Xverse users.

  • Mithil Thakore, CEO of Velar, expressed enthusiasm about becoming the exclusive swap partner for Xverse, highlighting the benefits of direct trading access for Bitcoin users.

  • Xverse is a prominent non-custodial web3 wallet that supports a variety of Bitcoin Layer 2 assets, enhancing user security with built-in Ledger integration.

  • This partnership is a significant milestone for Velar Dharma as it aims to establish itself as a leading decentralized exchange in the Bitcoin ecosystem.

Summary based on 3 sources


Get a daily email with more Crypto stories

More Stories