Panama City, Panama, March 19th - Rebellion in the Bitcoin sphere! Velar's trailblazing Automated Market Maker (AMM), Dharma, hits the Bitcoin L2 Stacks today, introducing a fortress of DeFi liquidity to the Bitcoin realm.
Introducing Dharma AMM for Decentralized Finance Liquidity on Bitcoin by Velar
Taking off right now, Dharma is Velar's captivating answer to spice up DeFi on the Bitcoin network. This AMM allows users to engage in on-chain trading of token pairs, elevating liquidity within the burgeoning Bitcoin ecosystem and unleashing a torrent of DeFi capabilities. Dharma turns users into DeFi overlords, equipping them with state-of-the-art financial tools to manage assets, provide liquidity, and trade with a swiftness that'd make Neo jealous.
Initially, Dharma supports just two token pairs, but worry not—more tokens are on the way, like a tidal wave of exotic crypto creatures storming the shore. The first pairs to grace the stage? STX-ABTC and STX-AEUSDC, ready to tango in the grand ball of DeFi. More pairs will follow this dynamic duo, amping up theunbounded possibilities for swapping tokens and diving headfirst into DeFi land.
By harnessing the steely power of the Bitcoin network's security, Dharma AMM shoves open the door to a user-friendly DeFi playground for those craving financial freedom. This groundbreaking launch carves a new path for how DeFi should operate on Bitcoin, establishing a robust foundation for future DeFi applications and services to thrive.
Velar's CEO, Mithil Thakore, was overflowing with enthusiasm regarding the Dharma AMM's mainnet launch: "Today, we're not just celebrating a milestone; we're celebrating a revolution! Velar's Dharma AMM is not only embracing change—it's fuelling it. By empowering users to profit from their assets in a secure, non-custodial environment, we're igniting a spark that will ignite the future of DeFi on Bitcoin!"
The arrival of DeFi on Bitcoin could unleash a $1 trillion trove of slumbering capital and offer novel avenues to reap rewards for joining the liquidity pool and partaking in lending, borrowing, staking, and yield farming. With Dharma, you can remain the captain of your own cargo, exploring the boundless realms of DeFi, all while keeping those precious digital coins safely beneath your keel.
Bonus Reading: Crypto Frontier: From Bitcoin to DeFi Paradise
Insights:- Automated Market Makers (AMMs), like Dharma, essentially serve as ever-ready liquidity providers, essential for the smooth functioning of decentralized financial markets.- AMMs use algorithms to ensure pricing reflects market conditions accurately while offering simplified trading interfaces for newbies and experienced DeFi adventurers alike.- The advent of AMMs could trigger a cascade of innovation in the DeFi sphere, paving the way for new DeFi applications, protocols, platforms, and more.- Operating on a blockchain, AMMs underscore the decentralized and trustless nature of DeFi, giving users control and cutting out the need for intermediaries.
- Mithil Thakore, CEO of Velar, declared that the mainnet launch of Dharma AMM marks a revolution, as it not only embraces change but also fuels it, empowering users to profit from their assets in a secure, non-custodial environment.
- By harnessing the power of the Bitcoin network's security, Dharma AMM introduces a user-friendly DeFi playground for those seeking financial freedom, effectively carving a new path for how DeFi should operate on Bitcoin.
- The arrival of Defi on Bitcoin, propelled by the launch of Dharma AMM, could unlock a $1 trillion trove of dormant capital and offer novel avenues for profiting through joining liquidity pools, lending, borrowing, staking, and yield farming.
- Dharma AMM allows users to engage in on-chain trading of token pairs, turning them into DeFi overlords by equipping them with advanced financial tools to manage assets, provide liquidity, and trade with speed that would make Neo jealous.
- Dharma, Velar's innovative Automated Market Maker (AMM), is making its debut on the Bitcoin L2 Stacks today, introducing a fortress of DeFi liquidity to the Bitcoin realm, opening up boundless possibilities for swapping tokens and diving headfirst into DeFi land.
