Persistence December 2024 Update

The year 2024 was a transformative year for Persistence One, as we shifted our focus to building the ultimate interoperability platform on the largest blockchain project in history – Bitcoin. After starting the year in the Cosmos ecosystem, Persistence One made a monumental move to shift toward the BTCfi world – and we couldn’t have been happier about that decision!

Our goal at Persistence One is to help the BTCfi world edge toward its full potential by helping reduce the nature of the siloed liquidity arising from multiple BTC variants from newly emerging Bitcoin-based L2s.

We’re building the number-one venue for allowing holders of BTC variants (such as cbBTC, wBTC, and all L2 variants) to swap assets easily on one platform.

The testnet for the BTCfi Interoperability product is ongoing, and we’re ramping up our focus on Persistence DEX. That said, here’s everything you might have missed in the busy month of December 2024.

Persistence One Highlights

1. We started the month with an exciting partnership announced with BEVM, the first fully decentralized EVM-compatible L2 that uses BTC as its gas token. You can read more about this partnership in our blog.
2. Persistence then went on to reach 10,000 users in its Telegram channel.
3. Persistence announced a round of new incentives for Persistence DEX, providing more DeFi liquidity opportunities.
4. We released a series of guides and tutorials for the following;
   1. How to add liquidity to the stkXPRT/XPRT pool on Persistence DEX
   2. How to add liquidity in the XPRT/WBTC pool on Persistence DEX
   3. How to add liquidity in the XPRT/BTC pool on Osmosis
   4. How to add liquidity in the XPRT/ATOM pool on Persistence DEX
   5. How to add XPRT Liquidity on Aerodrome on Base
   6. How to stake XPRT
5. Babylon’s Staking Cap-3 opened in December, and Persistence was excited.
6. We released an in-depth overview of our SatsInMotion campaign, looking back on the partnerships and integrations picked up.
7. We released a detailed overview of the Role of XPRT in Persistence DEX, distinguishing between V1 and V2.
8. We teased a new look for Persistence DEX.
9. We released a quick outline of our 2025 priorities.
10. We started the year 2025 by announcing a new look for Persistence DEX.

Media & Community

The following are some of the highlights on the media and community side for Persistence One during November 2024:

1. Our COO, Jeroen Develter, joined a panel with BEVM, Super Bitcoin, and Zulu Network to discuss the future of the BTC ecosystem.
2. Jeroen continued to explain why Bitcoin’s next chapter starts with BTCfi.
3. The Sats in Motion podcast returned with Botanix as a special guest. Here’s the recording.
4. Persistence One was featured in the Morningstar Ventures project review.
5. Jeroen outlined his views on why building on Bitcoin has the most potential.

XPRT Governance & Token Highlights

Here are some of the most prominent highlights of XPRT governance in November 2024.

1. Proposal #121 was put forward and passed to refund the user’s stuck chihuahua and cosmoshub unbonded funds for liquidstakeibc module.
2. Proposal #122 was proposed to incentivize Persistence DEX pools through January 2024. 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.

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