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Crypto Startup Velar Rolls Out Dharma AMM to Unlock DeFi Liquidity on Bitcoin
Velar, a crypto liquidity company focused on expanding the Bitcoin (BTC) protocol, has announced the launch of its automated market maker (AMM) called Dharma.
In a shared press release, the company said it aims to expand its ecosystem by bringing decentralized finance (DeFi) liquidity to Bitcoin’s Proof-of-Work (PoW) blockchain. The new product, Dharma, will officially go live on Bitcoin L2 Stacks later today.
Dharma to Offer Traders Financial Tools to Manage Their Assets
The launch of the market maker comes a few weeks after Velar raised $3.5 million from venture capital companies in the industry to roll out a Bitcoin-based perpetual swap exchange.
The crypto liquidity firm also hinted at Dharma at the time, noting that the raised funds would be used to build products and services to increase its presence in the industry.
Velar said the AMM platform comes equipped with tools that
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