Velar Unveils Dharma AMM, Transforming Bitcoin DeFi with Automation

Velar's Dharma AMM launches on Bitcoin L2 Stacks, bringing DeFi liquidity and capabilities to the Bitcoin ecosystem. The AMM platform enables decentralized exchange, liquidity provision, and asset management, supporting two initial token pairs: STX-ABTC and STX-AEUSDC. Dharma leverages Bitcoin's security to offer a reliable and user-friendly platform for DeFi operations, paving the way for new DeFi applications and services on Bitcoin.

Velar Unveils Dharma, an Automated Market Maker (AMM), Revolutionizing DeFi on the Bitcoin Network

New Delhi, India - Bitcoin liquidity protocol Velar has announced the launch of Dharma, its Automated Market Maker (AMM), which marks a significant milestone in bringing decentralized finance (DeFi) liquidity to the Bitcoin ecosystem.

Expanding DeFi Capabilities

Dharma, launched on Bitcoin L2 Stacks on March 19th, significantly enhances the DeFi capabilities of the Bitcoin network. Velar's V1 Dharma introduces a decentralized exchange, enabling token pairs to be traded entirely on-chain.

Advanced Financial Tools

Dharma empowers users with state-of-the-art financial tools for liquidity provision, trading, and asset management. At launch, the AMM supports two token pairs, STX-ABTC and STX-AEUSDC, with additional tokens to be added in the coming days.

Leveraging Bitcoin's Security

Capitalizing on the inherent security of the Bitcoin network, Velar's Dharma AMM offers a robust and user-friendly platform for decentralized finance operations. Its launch establishes new standards for DeFi operations on Bitcoin and provides a solid foundation for the development of DeFi applications and services.

Milestone Launch

"Celebrating the launch of our Dharma AMM mainnet is more than just a milestone; it's a testament to Velar's dedication to transforming the DeFi landscape," said Mithil Thakore, CEO of Velar. "Through this groundbreaking platform, we're not only embracing change but also actively driving it. By empowering users to harness the full potential of their assets in a secure and non-custodial environment, we're paving the way for a new era of financial autonomy. Today, we're not merely launching a product; we're igniting a movement that will indelibly shape the future of DeFi on Bitcoin."

Unlocking Growth Potential

The integration of DeFi on Bitcoin holds the potential to unlock vast amounts of dormant capital, estimated to be around $1 trillion. It also introduces novel avenues for earning rewards through liquidity provision, lending, borrowing, staking, and yield farming.

Self-Custody and DeFi

Dharma enables users to maintain self-custody of their assets while exploring the vast possibilities of decentralized finance. This unique combination of security and innovation sets a new paradigm for DeFi on Bitcoin.

About Velar

Velar is a leading Bitcoin liquidity protocol that aims to bridge the gap between Bitcoin and the rapidly evolving DeFi landscape. The company's mission is to empower users to tap into the full potential of their Bitcoin assets through innovative and secure financial products. Velar's team of experts possesses extensive experience in both the Bitcoin and DeFi industries, bringing unmatched knowledge and dedication to the development of pioneering solutions.

Disclaimer

This article has been published for informational purposes only. The views expressed in this article are those of the author(s) and do not necessarily reflect the views of any other individual or organization mentioned in the article. The information in this article is not intended to be a financial advice and should not be relied upon as such.