Persistence One is thrilled to announce that XPRT is now live for trading and Liquidity Provisioning on Optimism through a XRPT/USDC Concentrated Liquidity Pool on Velodrome.
This latest integration pushes XPRT onto another popular scaling solution for Ethereum (after Base), allowing traders more avenues to swap XPRT with faster transaction speeds, much lower trading costs, and more avenues for LPs to add liquidity to put their assets to work to earn additional yield.
Users can easily move XPRT between Persistence One (or any other supported chains) and Optimism using the Squid Router.
What is Optimism?
Optimism is one of the fastest-growing networks, with a current TVL of $688M:
Optimism is an Ethereum scaling solution that increases the network’s transaction throughput while decreasing users’ costs.
The network utilizes Optimistic Rollup technology, a methodology that executes transactions on the OP Mainnet before batching them for verification on the Ethereum network. As a result, Optimism enjoys super-fast transaction speeds while maintaining Ethereum’s high level of security.
In addition, Optimism recently launched its Superchain, a major scalability feature on the OP Stack to bring a network of chains together that share bridging, governance, and a communication layer. This brings more avenues to explore with XPRT integrations further in the future.
The L2 also allows developers to deploy smart contracts on its mainnet, providing a scalable solution for dApps to hit mainstream adoption through high transaction speeds and low costs.
Why Bring XPRT to Optimism?
Bringing XPRT to Optimism is a strategic move that promises a host of benefits. It expands XPRT onto new networks, helps XPRT reach more traders, deepens liquidity pools, and enhances user experiences.
With another liquidity pool live for XPRT on a new network, XPRT is now available on Base and Optimism beyond the Persistence One and Cosmos ecosystems
Persistence One to Launch XPRT/USDC Liquidity Pool on Velodrome Finance
XPRT makes its debut into the Optimism network through a USDC/XPRT pool on Velodrome, offering users the opportunity to earn rewards by providing liquidity.
Velodrome is considered the liquidity hub for the entire Optimism ecosystem, making it the perfect place for XPRT to have its presence on Optimism. The DEX has a monthly volume of around $135M, with almost 60,000 traders on the platform, demonstrating the exchange’s active user base.
Users can now bridge XPRT from Persistence Chain (or any other supported chain) to Optimism using the Squid Router (powered by Axelar bridge) or IBC.fun, two reliable and efficient bridging solutions, with a minimal fee of ~0.7 XPRT.
Once bridged, users can easily add liquidity to the XPRT/USDC Concentrated liquidity pool on Velodrome based on their preferred range and start earning LP rewards and additional incentives.
To learn how to add liquidity, please take a look at this tutorial.
Bringing XPRT to Optimism continues to turn XPRT into a multi-chain token with the potential to reach hundreds of thousands of users across the industry’s most popular blockchains.
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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