On Tuesday, Velar, a prominent player in the Bitcoin (CRYPTO:BTC) liquidity sector, announced the launch of Dharma, its innovative automated market maker (AMM) system aimed at bolstering liquidity in the decentralised finance (DeFi) ecosystem, specifically within the Bitcoin universe.

The initial release of Dharma will operate on Stacks, a second-layer solution for Bitcoin, showcasing an initial trading pair of tokens.

This strategic move by Velar is poised to enhance Bitcoin's presence and utility in the decentralised finance space.