November proved to be another pivotal month for Persistence One as we launched the testnet and continued to add major integrations into our cross-chain BTC interoperability solution for the BTCfi world. At the same time, Persistence stepped up its content distribution for Persistence DEX and XPRT.
Our goal with Persistence One is to help the BTCfi world reach its true potential by reducing fragmentation for BTC variants within the BTCfi world. Currently, swapping one BTC variant on one chain to another is cumbersome, with lots of operations and friction.
Persistence One is here to remove that friction and bring near-zero slippage for BTC cross-chain swaps in BTCfi.
With the testnet ongoing for Persistence One, here’s everything that happened in the ecosystem that you might have missed.
Persistence One Highlights
- We kicked off the month by announcing an enormous partnership with Bitlayer, an innovator in BTCfi built on the BitVM architecture. Here’s the summary.
- We announced that Beta testing for our BTC Interop product was going live.
- Persistence One announced that it would support Binance Chain’s BTCB asset in its interop solution. Read more about it in this blog.
- Persistence One announced that the second phase of the beta testnet was open. We released a sneak preview of the user-friendly UI.
- We revealed that over 3,700 users registered to be beta testers for the testnet, demonstrating the building momentum behind the interoperability solution.
- Persistence One announced that it would be the first Cosmos chain to borrow BTC security through Babylon Labs.
- Our COO, Jeroen Develter, outlines why Bitcoin’s dominance is impossible to ignore.
- We released a guide on everything you need to get started with the Beta-Testnet.
- We released the seventh installment of our “What’s Up Bitcoin” series, outlining everything happening within the Bitcoin ecosystem.
- Persistence One announced a partnership with Botanix (Spiderchain).
- Persistence One announced that phase 3 of its beta testnet was live.
Media & Community
The following are some of the highlights on the media and community side for Persistence One during November 2024:
- Our COO, Jeroen Develter, explained how Cross Chain BTC swapping lets users tap into more BTCfi opportunities.
- Jeroen and Joe from Merlin Layer spoke about how to transform the BTC space with cross-chain liquidity.
- Jeroen appeared on the BTC Echo podcast to discuss Intent-based cross-chain swapping.
- Persistence One appeared in a Spaces alongside Babylon to discuss cross-chain swaps.
- Jeroen broke down how BTCfi transforms Bitcoin into a productive asset.
- Jeroen explained how intent-based architecture is designed to make BTC cross-chain swaps seamless with Babylon.
- Jeroen overviews why BTCfi is just at the beginning of its growth.
XPRT Governance & Token Highlights
Here are some of the most prominent highlights of XPRT governance in November 2024.
- The XPRT/WBTC pool on Persistence DEX was loaded with 47,100 stkXPRT incentives.
- Proposal #118 was put forward to provide incentives to the pool on Persistence DEX in November. This was passed.
- Proposal #119 was put forward to recover the Chihuahua ibc-client on Persistence. This proposal passed.
- Proposal #120 was put forward to incentivize Persistence DEX pools through December. This also passed.
About Persistence One
Persistence One is building the BTCfi Liquidity Hub, enabling fast, near zero-slippage swaps for XPRT, BTC-variants, and BTCfi tokens on Persistence DEX.
BTCFi’s rapid growth has created multiple BTC-related assets, making fragmentation a big challenge. Persistence One will provide a single liquidity hub, simplifying value transfer across the Bitcoin ecosystem.