- Velar Dharma’s connection with Xverse enables seamless Bitcoin L2 swaps.
- Users benefit from increased trading convenience and liquidity due to the collaboration
Velar Dharma, a Bitcoin layer 2 (L2) trading protocol, has announced a partnership with Xverse, a leading non-custodial wallet built exclusively for Bitcoin’s L2 ecosystem. This agreement establishes Velar Dharma as the only Bitcoin L2 swap provider for Xverse customers, enabling seamless asset trading from within the wallet.
Exclusive Bitcoin L2 Swap Provider for Xverse
This integration enables Xverse users to trade a range of assets, including BTC, STX, and stablecoins, through Velar Dharma’s automated market maker (AMM) engine. The collaboration allows users to perform transactions on the Stacks L2 network. While accessing Velar’s vast liquidity pools to assure rapid, safe, and competitively priced swaps.
Xverse is well-known for its user-friendly and secure Web3 wallet, which serves as a reliable gateway to the Bitcoin ecosystem. This wallet accepts a variety of Bitcoin L2 assets, including BTC, Ordinals, and Runes. Xverse, which is available as both a mobile app and a browser extension. Additionally, it also includes built-in Ledger integration for greater security.
Mithil Thakore, CEO of Velar Dharma, expressed delight at the partnership, saying, “They’re thrilled to become the exclusive swap partner for Xverse. Whose wallet provides unparalleled access to the Bitcoin L2 network.” This cooperation offers Velar Dharma’s trading capabilities to Bitcoin natives. By allowing them to trade from within the wallet while preserving complete control of their assets.
Ken Liao, CEO of Xverse, stated that integrating Velar swaps into Xverse improves user convenience and liquidity for Bitcoin L2 trading.
The partnership is a significant milestone for Velar Dharma, demonstrating the company’s dedication to becoming the most prominent decentralized exchange in the Bitcoin ecosystem. Velar Dharma’s support for numerous Bitcoin L2 networks expands access to decentralized finance (DeFi) prospects for a rising number of user
As both firms continue to innovate in the Bitcoin DeFi field, this integration provides customers with secure, efficient, and flexible trading choices. This also lays the foundation for the future of decentralized trading on Bitcoin’s L2 networks.
