- Velar Dharma collaborates with Xverse to provide streamlined Bitcoin L2 swaps within the wallet.
- Velar now exclusively serves as the Bitcoin L2 swap provider for users of Xverse.
- This partnership boosts Xverse users’ access to efficient, secure, and cost-effective swaps.
Velar Dharma, a trading protocol for Bitcoin layer 2 (L2), has successfully merged its services with Xverse, a premier non-custodial wallet tailored for Bitcoin’s L2 environment.
This synergistic effort enables Xverse users to effortlessly trade various assets, such as BTC, STX, and stablecoins, right within the wallet through Velar Dharma’s automated market maker (AMM) engine.
Velar Dharma named Bitcoin L2 swap provider for Xverse
This alliance positions Velar Dharma as the sole provider of Bitcoin L2 swaps on the Xverse platform.
Users can now engage in trading on the Stacks L2 network, with Velar’s extensive liquidity pools ensuring quick, secure, and competitively priced swaps.
Xverse is a widely used web3 wallet recognized for delivering a safe and user-friendly entry point to the Bitcoin ecosystem. The wallet enables users to store and swap a variety of Bitcoin L2 assets, including BTC, Ordinals, and Runes.
Accessible as both a mobile application and a browser extension, the wallet provides strong support for Bitcoin-based assets, including an option for enhanced security with integrated Ledger support.
Velar Dharma’s CEO, Mithil Thakore, expressed enthusiasm over the partnership, stating, “We’re excited to become the exclusive swap partner for Xverse, whose wallet offers unmatched access to the Bitcoin L2 ecosystem. This collaboration allows Bitcoin enthusiasts to trade directly within the wallet while maintaining full custody of their assets.”
Ken Liao, CEO of Xverse, shared this sentiment, saying, “Integrating Velar swaps into Xverse enhances user convenience and liquidity for Bitcoin L2 trading.”
Notably, Velar Dharma’s integration into the Xverse wallet marks a significant achievement in its ambition to establish itself as a leading decentralized exchange within the Bitcoin ecosystem. By supporting a variety of Bitcoin L2 networks, Velar Dharma is broadening the access to decentralized finance (DeFi) opportunities for an increasing number of users.
This collaboration signifies a crucial advancement for both companies as they continue to drive innovation in the Bitcoin DeFi landscape, offering users secure, efficient, and adaptable trading options.
