Persistence One is on a mission to unleash the full potential of the Bitcoin DeFi sector, an area in crypto that is currently hindered by fragmentation. With dozens of BTC variants now in circulation, there’s a pressing need for a platform that can seamlessly facilitate swaps between them, without the need for a bridge or an exchange.
That’s where the Persistence One interoperability solution can step in.
Persistence One aims to enable easy trading of Bitcoin-related assets across chains. For Bitcoin to become true money in all its shapes and forms and for BTCfi to thrive, it should be able to move, and connectivity needs to be better.
Our vision is to become a major venue for swapping all forms of BTC cross-chain, helping to facilitate the move from using BTC on CEXes to using it in BTCfi.
The Vision: Reduce Fragmentation and Let BTCfi Thrive
We believe that building for Bitcoin is an opportunity akin to being in the right place at the right time, with the right values. With our roots embedded in DeFi (Persistence DEX) and interoperability (IBC), we’re definitely in the right place. Furthermore, with BTCfi on the rise (it has over $600M+ in TVL), we’re certainly at the right time.
Although BTCfi is growing quickly, new opportunities continue to emerge that generate yields through fantastic protocols like @babylonlabs_io on the horizon.
The sector is reminiscent of the early days of DeFi on Ethereum – full of potential and opportunity, with new users entering the ecosystem daily after learning about what’s possible.
However, the biggest challenge that currently exists is moving BTC variants around easily, which is a hurdle for BTCfi growth.
Persistence One is about to change this.
A ₿ullish Belief in Bitcoin
With an Orange-themed road ahead of us, the team at Persistence One is filled with excitement and a bullish belief in Bitcoin. We’re thrilled to be embarking on this journey and can’t wait to see where it leads us.
✅ We believe in the freedom that Bitcoin represents.
✅ We believe in the opportunities Bitcoin brings to modern-day finance.
✅ We believe that BTC is the hardest form of money.
Most importantly, we have unwavering faith in the future of BTCfi. We are confident that the Persistence interoperability solution will be a catalyst for rapid growth in the sector.
The interoperability solution will be powered by intents, providing user-friendly cross-chain swapping with zero slippage and zero TVL.
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.
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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