Nikolas Sargeant
Bitcoin L2 trading protocol Velar Dharma announced on Monday, September 30th, that it has integrated with Xverse, the leading non-custodial wallet for accessing Bitcoin’s layer-2 ecosystem.
In a press release shared with Cryptowisser, the team said thanks to this integration, Xverse users can now make swaps powered by Velar Dharma’s AMM directly within the wallet.
The move also makes Velar Dharma the sole provider of Bitcoin L2 swaps within the Xverse wallet dashboard. This enables users to trade BTC, STX, and other assets on Bitcoin L2 network Stacks, including stablecoins.
Xverse’s Web3 wallet serves as a getaway to the broader Bitcoin ecosystem, allowing users to securely store and trade assets, including BTC, Ordinals, and Runes. The integration of Velar Dharma will extend these capabilities while providing a secure environment for executing Stacks swaps.
The integration will also ensure that Velar Dharma will become accessible to a wider audience of Bitcoin natives who will be able to experience seamless swaps. Xverse users will enjoy Velar's high-performance trading engine directly from their wallet interface without any additional steps.
While commenting on this latest development, Velar CEO Mithil Thakore said,
“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. 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, added that,
"The integration of Velar swaps in Xverse brings a new level of convenience and improvements to Bitcoin L2 liquidity for Xverse users."
With Velar Dharma’s deep liquidity pools, Xverse users can swap assets quickly and at competitive rates. Furthermore, Velar will now support additional Bitcoin L2s, providing Xverse users with greater access to opportunities across the growing Bitcoin DeFi ecosystem.
Velar is building the user interface to access the most secure blockchain ever created. Velar Dharma enables anyone to effortlessly trade their favorite Bitcoin-based tokens via a user-friendly interface, while Velar Artha serves as the world’s first Bitcoin perps DEX. Velar is laying the groundwork for a new era of Bitcoin-powered financial innovation while unlocking untapped liquidity and empowering users to take control of their digital assets.
Meanwhile, Xverse is the leading Bitcoin wallet that provides a user-friendly gateway to the growing Bitcoin ecosystem. Users can send and receive their digital collectibles in Xverse and enjoy the highest level of security with built-in Ledger support. Available as a Bitcoin mobile wallet and a browser extension for Chrome, Xverse enables users to buy, store, and swap BTC and STX, the native token of the Bitcoin layer-2 protocol Stacks.
