Persistence July 2024 Update

July was truly a transformative month for the Persistence One ecosystem. 

From announcing our next steps to kickstarting the development of our BTCfi Interoperability ecosystem powered by intents to updating our website for a fresh new look, we took some major steps toward our cross-chain swaps product for BTC variants.

The Persistence One ecosystem sats remained steady through July 2024. The latest stats show a 70.4% staking ratio, helping the Persistence Core-1 chain remain one of the strongest PoS chains with its high bonding ratio. In addition, inflation stands at 11.31% in the month with over 114,530 users on the chain;

Here are the latest Persistence One ecosystem and XPRT governance highlights.

Persistence One Highlights

1. The month started with Persistence DEX being integrated into Skip Protocol’s API, allowing for cross-chain swaps and DEX aggregation functionality for its pools.
2. We then released a letter to Persisters detailing the new journey ahead surrounding our bullish belief in Bitcoin and what’s next for Bitcoin Cross-chain Swaps solution.
3. We pushed a blog surrounding Bitcoin L2s and the many BTC variants spawned from the BTCfi ecosystem.
4. We continued to release educational materials on BTC cross-chain swaps, breaking down why a BTC Interoperability solution makes sense.
5. The stkXPRT/XPRT pool received 29,465 XPRT incentives for LPs.
6. We released a detailed Tweet thread to provide a few resources to brush up your knowledge about Bitcoin and BTCfi.
7. The education persisted as we released an article on Twitter detailing cross-chain swaps powered by Intents and why BTCfi needs interoperability.
8. We released a long post on Twitter describing the potential future growth of the BTCfi sector.
9. We announced the new look for the Persistence One website, setting the foundations for us to become the gateway for cross-chain BTC swaps.
10. BlockTelegraph featured Persistence One, detailing our cross-chain swaps across Bitcoin L2s.
11. We released a detailed blog describing cross-chain intents and the benefits they can provide to BTCfi.
12. The team attended the Bitcoin2024 conference in Nashville, meeting some very special friends.
13. We released the first instalment in our “What’s Up Bitcoin” series, detailing the latest happening in the Bitcoin ecosystem. 
14. We dropped another blog describing the difference between Bitcoin L2s and Side Chains.
15. We launched a poll to decide on our new logo, with over 280 hundred Persisters in discussion for the winner.
16. We wrapped up the month with a Twitter article on traditional bridges vs intent-based swaps.

XPRT Governance Highlights

The number of proposals on the XPRT governance side was lighter this week as we focused on building our interoperability product. However, here are some of the most prominent XPRT governance highlights.

1. A governance proposal was passed surrounding the reward incentives of Persistence DEX pools. 
2. A proposal passed for PersistenceCore v11.14.0.
3. A proposal went live for Persistence DEX incentives for August 2024.

About Persistence One

Persistence One is building a Bitcoin interoperability solution to enable cross-chain BTC swaps across Bitcoin Layer 2s.

The rapid rollout of Bitcoin L2s and side chains has led to fragmentation, hurting BTCfi scalability. Using the power of intents, Persistence One will enable users to move assets across Bitcoin Layer 2s more efficiently than traditional bridging, offering fast, secure, zero-slippage cross-chain swaps.

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