- Velar Dharma integrates with Xverse to provide seamless Bitcoin L2 swaps within the pockets.
- Velar is now the unique Bitcoin L2 switch supplier for Xverse’s customers.
- The Partnership complements Xverse customers’ get entry to to speedy, safe, and aggressive swaps.
Velar Dharma, a Bitcoin layer 2 (L2) buying and selling protocol, has built-in its services and products with Xverse, a number one non-custodial pockets designed for Bitcoin’s L2 ecosystem.
This collaboration permits Xverse customers to seamlessly industry property, together with BTC, STX, and stablecoins, immediately throughout the pockets via Velar Dharma’s automatic marketplace maker (AMM) engine.
Velar Dharma turns into Bitcoin L2 switch supplier in Xverse
On account of this partnership, Velar Dharma turns into the unique supplier of Bitcoin L2 swaps throughout the Xverse platform.
Customers will now have the ability to carry out trades at the Stacks L2 community, with Velar’s deep liquidity swimming pools making sure speedy, safe, and competitively priced swaps.
Xverse is a well-liked web3 pockets recognized for offering a safe and user-friendly gateway to the Bitcoin ecosystem. The pockets permits customers to retailer and industry a variety of Bitcoin L2 property, together with BTC, Ordinals, and Runes.
To be had as each a cellular app and a browser extension, the pockets provides tough improve for Bitcoin-based property, together with the choice for enhanced safety with integrated Ledger integration.
Velar Dharma’s CEO, Mithil Thakore, praised the partnership, announcing, “We’re overjoyed to turn into the unique switch spouse for Xverse, whose pockets provides remarkable get entry to to the Bitcoin L2 ecosystem. This collaboration brings Velar Dharma’s buying and selling functions to Bitcoin natives who can now industry immediately throughout the pockets whilst conserving complete custody in their property.”
Ken Liao, CEO of Xverse, echoed this sentiment, mentioning, “The combination of Velar swaps in Xverse complements consumer comfort and improves liquidity for Bitcoin L2 buying and selling.”
Significantly, Velar Dharma’s access into the Xverse pockets represents an important milestone in its quest to turn into the main decentralized trade throughout the Bitcoin ecosystem. Through supporting a couple of Bitcoin L2 networks, Velar Dharma is increasing get entry to to decentralized finance (DeFi) alternatives for a rising collection of customers.
This integration marks a big step ahead for each firms as they proceed to innovate within the Bitcoin DeFi house, providing customers safe, environment friendly, and versatile buying and selling choices.