Dharma provides users with advanced financial tools for liquidity provision, trading, and asset management. Two token pairs are supported upon launch with additional tokens added on consecutive days. STX-ABTC and STX-AEUSDC are initially available for trading before being complemented by the introduction of further pairs.
By leveraging the inherent security of the Bitcoin network, Velar’s Dharma AMM provides a reliable and user-friendly platform for decentralised finance operations. Its launch has set a new standard for how DeFi can operate on Bitcoin and provides a foundation for DeFi applications and services to flourish.
Elated on the launch, Velar CEO Mithil Thakore said, “Celebrating the launch of our Dharma AMM main net is more than just a milestone — it’s a testament to Velar’s commitment to revolutionising the DeFi landscape. With this innovative platform, we’re not just embracing change; we’re driving it. By offering users the opportunity to leverage the power of their assets in a secure, non-custodial environment, we’re paving the way for a new era of financial freedom. Today, we’re not just launching a product; we’re launching a movement — one that will shape the future of decentralised finance on Bitcoin.”
The growth of DeFi on Bitcoin has the potential to unlock $1 trillion in dormant capital and provide new ways to earn rewards for providing liquidity and participate in lending, borrowing, staking, and yield farming.
With Dharma, users can retain self-custody of their assets while exploring the many possibilities available within the world of decentralised finance.
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