Crypto Daily – Velar Dharma, the Bitcoin-based Layer-2 trading protocol, says it’s partnering with the popular ecosystem wallet Xverse to enable more seamless digital asset swaps. The collaboration is a major milestone for Velar as it pushes to become a leading force in bringing decentralized finance to the Bitcoin ecosystem and expand the possible use cases for BTC itself.
With the partnership, users of the Xverse wallet will be able to swap BTC in an instant for a host of other digital assets in the wider Bitcoin ecosystem, including tokens like Stacks (STX) and various stablecoins, such as USDh and sBTC.
Velar CEO Mithil Thakore said in an interview that the integration will see swaps powered by Velar Dharma’s automated market maker, which also sits at the heart of the Dharma DEX trading platform. With the partnership, it becomes the exclusive provider of swaps functionality for Xverse users.
“Velar Dharma now powers all swap functionalities, giving…
Read More
