Velar integrates with Xverse Wallet to power Bitcoin Layer 2 swaps

Bitcoin Layer 2 trading protocol Velar Dharma has announced its integration with Xverse, the leading non-custodial wallet for accessing Bitcoin’s Layer 2 ecosystem.

This partnership allows Xverse users to make Bitcoin swaps directly within the wallet, powered by Velar Dharma’s automated market maker (AMM).

The integration makes Velar Dharma the exclusive provider of Bitcoin Layer 2 swaps for Xverse Wallet, enabling users to trade Bitcoin (BTC), Stacks (STX), and other assets, including stablecoins, on the Bitcoin Layer 2 network, Stacks.

By combining Velar’s trading capabilities with Xverse’s user-friendly interface, the partnership promises to enhance the overall trading experience for Bitcoin users.

Xverse expands capabilities with Velar Dharma integration

Xverse is widely known for its secure, comprehensive web3 wallet, which allows users to store and trade assets such as BTC, Ordinals, and Runes.

Available on both mobile and as a browser extension, Xverse provides a gateway to Bitcoin’s growing ecosystem.

With Velar Dharma now integrated, users will have the added functionality of executing swaps seamlessly within their wallet, without any additional steps. This enhances both security and convenience for Bitcoin traders.

“We’re delighted to become the exclusive swap partner for Xverse, whose wallet provides unrivaled access to the best that Bitcoin and its growing L2 ecosystem have to offer,” said Velar CEO Mithil Thakore.

The ability to trade directly within Xverse is a game-changer that will introduce Velar Dharma’s swap capabilities to Bitcoin natives, who can access an array of tokens while retaining full custody of their assets.

Ken Liao, CEO of Xverse, echoed this sentiment, stating: “The integration of Velar swaps in Xverse brings a new level of convenience and improvements to Bitcoin Layer 2 liquidity for Xverse users.”

Improved liquidity and access to Bitcoin DeFi

Velar Dharma’s integration provides Xverse users with access to deep liquidity pools, allowing them to swap assets quickly and efficiently at competitive rates.

While the integration currently supports swaps on the Stacks Layer 2 network, Velar plans to expand its services to additional Bitcoin Layer 2s in the near future, providing users with even greater access to decentralized finance (DeFi) opportunities within the Bitcoin ecosystem.

The partnership is a significant step for Velar Dharma as it positions itself to become a leading decentralized exchange (DEX) for Bitcoin.

By powering Xverse’s swap functionality, Velar can demonstrate the high performance and efficiency of its AMM to a broader audience of Bitcoin users.

As Bitcoin’s DeFi ecosystem continues to grow, Velar Dharma’s integration with Xverse is expected to attract more users looking for secure and efficient trading solutions within the Bitcoin network.

A secure and seamless trading experience

With this new integration, Xverse users can now enjoy Velar Dharma’s high-performance trading engine directly within their wallet interface.

The partnership ensures that users retain full custody of their assets while experiencing seamless swaps across multiple tokens and assets within Bitcoin’s Layer 2 networks.

As the exclusive provider of swap services for Xverse, Velar Dharma’s integration marks a significant milestone in the evolution of decentralized finance on the Bitcoin network.

The collaboration between Velar and Xverse aims to enhance liquidity and provide greater opportunities for Bitcoin natives to engage with the growing world of DeFi.

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