Velar Dharma and Xverse Partner for Seamless Bitcoin Layer 2 Swaps, Revolutionizing DeFi Trading
October 2, 2024Velar 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
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Sources
CoinJournal • Sep 30, 2024
Velar Dharma partners with Xverse Wallet to enable Bitcoin L2 swaps - CoinJournalInvestingCube • Sep 30, 2024
Velar Integrates With Xverse Wallet to Power Bitcoin Swaps