Persistence One is excited to announce that the much-anticipated mainnet for Persistence DEX V2 is now live in an unaudited closed beta. This introduces BTC Interoperability powered by Intents, bringing us one step closer to a seamless cross-chain Bitcoin swapping experience.
As we begin rolling out the product with gated access, wallets that previously participated in the testnet rounds will receive early access to the mainnet through whitelisting. This approach allows us to open up access while ensuring a smoother onboarding process gradually. Broader access will follow shortly after, making the product available to everyone.
For those who took part in the incentivised testnet campaign, this phase is where you complete your participation by engaging with the product on the mainnet. Rewards will not be claimable yet. Distribution will happen after this phase of the unaudited closed beta ends.
Full details on reward distribution are shared below in this article. By tying reward eligibility to real mainnet usage, we aim to ensure that distribution remains fair, with an added layer of Sybil resistance to keep bots out and actual users in.
This article serves as your complete guide to swapping CBBTC from Base to BTCB on BNB Chain and vice versa using Persistence One’s BTC Interop Solution. Everything you need to get started is covered below.
How to access the BTC Interoperability product
This part of the guide will walk you through the steps to navigate to the product:
- To get started, make sure you have the same wallet installed as a browser extension. This should be the one you previously used to interact with the testnet and submit through the feedback form.
- Next up, visit https://beta.interop.persistence.one and click on the ‘Connect Wallet’ icon in the top right corner.
- In case you see an ‘Error Message’, try again using another wallet that might have been whitelisted based on your testnet participation.
- Once your wallet is connected successfully, you should see the homepage appear as shown below.
Swapping CBBTC on Persistence DEX V2
This part of the guide will walk you through the steps to acquire and swap Coinbase Wrapped BTC using the product.
- To get started, make sure your wallet holds at least USD 10 worth of $CBBTC to perform the swap, along with a small amount of ETH (around USD 0.005 per transaction) for gas fees on Base.
- If you don’t hold $CBBTC on Base yet, you can acquire $CBBTC using Squid Router, Aerodrome or any other preferred centralised exchange.
- Once you have CBBTC in your wallet, head over to Persistence DEX V2 and refresh the page to view your available balance.
- Enter the amount you want to swap from CBBTC on the source chain Base to BTCB on BNB Chain. The solver will provide a quote, and you can choose to proceed if it looks good to you.
- Click on ‘Create Order’ and approve the wallet prompts to place your order. It might take a little time to process, so sit back and relax.
- Once your order is processed, you’ll see your updated balance on BNB Chain, along with the order status displayed as shown below.
To be eligible for the incentive distribution, make sure you swap more than USD 10 worth of $CBBTC to $BTCB.
Swapping BTCB on Persistence DEX V2
This part of the guide will walk you through the steps to acquire and swap BTCB on BNB Chain using the product.
- To get started, ensure your wallet holds at least USD 10 worth of $BTCB to perform the swap, along with a small amount of BNB (approximately USD 0.03 per transaction) for gas fees on the BNB chain.
- You can acquire $BTCB using Squid Router, Pancakeswap or any other preferred centralised exchange.
- Once you have BTCB in your wallet, head over to Persistence DEX V2 and refresh the page to view your available balance.
- Enter the amount you want to swap from BTCB on the source chain, BNB Chain, to CBBTC on Base. The solver will provide a quote, and you can choose to proceed if it looks good to you.
- Click on ‘Create Order’ and approve the wallet prompts to place your order. It might take a little time to process, so sit back and relax.
- Once your order is processed, you’ll see your updated balance on Base, along with the order status displayed as shown below.
To be eligible for the incentive distribution, make sure you swap more than USD 10 worth of $BTCB to $CBBTC.
Frequently Asked Questions
1. How do I become eligible for the incentive distribution?
If you participated in any of the three phases of our incentivised testnet and completed all required tasks at the time, you’re already halfway there. To become eligible for XPRT rewards, all you need to do now is complete two successful mainnet transactions (2 opposing routes) using the BTC Interop product. Incentives will be distributed on a pro rata basis after the campaign concludes.
2. How long will the campaign for testnet participants last?
This phased rollout for testnet participants will continue until mid-July. We’ll make an official announcement once the campaign concludes. Users who meet the eligibility criteria will be able to claim their rewards through a simple claim flow on our site.
3. What should I do if my transaction fails or gets stuck?
If your order doesn’t go through or gets stuck for too long, reach out to us via our Telegram community or Discord server. Our team will be available to help resolve any issues as quickly as possible.
4. Why do I need to complete mainnet transactions to receive rewards?
Over 11,000 unique users participated in our incentivised testnet. To ensure a fair and meaningful reward distribution, we’re linking testnet activity with real usage on the mainnet. This aims to help us filter out bots and reward actual users while maintaining some form of Sybil resistance.
5. What if I don’t want to complete mainnet transactions? Will I still receive rewards?
Unfortunately, no. Only wallets that participated in any phase of the incentivised testnet and completed at least two successful mainnet transactions (2 opposing routes) will be eligible for the incentive distribution once the campaign ends in July.
About Persistence One
Persistence One is building the BTCFi Liquidity Hub, enabling fast, near-zero-slippage swaps for BTC, BTC-variants, and LSTs 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.
Twitter | LinkedIn | Telegram | YouTube | Reddit | [email protected]