Over the past couple of months, Persisters and the broader BTCfi community have actively participated in our Bitcoin Interoperability Campaign across both testnet and beta-mainnet.
The response was overwhelming, with more than 18,000 participants actively shaping “Bitcoin cross-chain swaps” and engaging with the product.
We want to begin by thanking everyone who took part in the campaign. Over the past months, we ran multiple rounds on testnet and a closed beta on mainnet. Your swaps and feedback helped us validate routes, battletest the product and prepare for the upcoming mainnet rollout.
With the campaign now concluded, this blog highlights how rewards were calculated and distributed based on the eligibility criteria and applicable XPRT staking multipliers.
Key Events
The reward eligibility was determined based on transactions completed across active testnet and mainnet routes.
- On 15 January 2025, Persistence One COO Jeroen Develter shared the idea of running an incentivised testnet to create visibility and battle-test the product, with 50,000 XPRT allocated from the community pool.
- On 4 February 2025, the campaign officially began.
- On 18 March 2025, the final round of incentivised testnet went live.
By this stage, over 17,977 unique users had participated in the testnet campaign, placing more than 417,979 orders. To ensure fair and meaningful reward distribution, testnet activity was linked with usage on the beta mainnet. This helped filter out bots and maintain Sybil resistance, ensuring rewards went to actual users.
- On 25 June 2025, the Closed Beta on Mainnet, with eligibility requiring one transaction per route on Base ↔ BNB Chain, went live.
Alongside the transaction-based requirements, XPRT staking multipliers were introduced since day one to reward active ecosystem supporters. Participants who staked XPRT at any time during the campaign, up to 25 August 2025, received multipliers on their rewards:
- Addresses with ≥ 1,000 staked XPRT earned a 2x multiplier
- Addresses with ≥ 5,000 staked XPRT earned a 5x multiplier
Reward Calculation
With eligibility finalised, we moved to reward allocation. The campaign carried a cap of 50,000 XPRT, distributed across all eligible addresses. Rewards were calculated using a pro-rata model, with weights applied from staking multipliers.
Here’s a breakdown of how calculations were handled:
- Base Eligibility: Users who completed swaps across all active routes (testnet and mainnet) during the campaign were included.
- Pro-Rata Share: Each eligible address was allocated a base share of the total rewards pool.
- Staking Multipliers: Multipliers were applied based on the maximum amount of XPRT staked by an address during the campaign period (4 February – 25 August 2025). This ensured fairness by recognising long-term supporters as well as recent stakers.
Once multipliers were applied, final allocations were normalised so that the distribution remained exactly at the 50,000 XPRT cap.
Final Distribution
Out of the ~18,000 users who took part in the campaign, a much smaller set of wallets met all eligibility criteria, as
- 173 addresses linked their activities for review.
- 157 addresses were verified as eligible after applying the route-completion requirements and, wherever applicable, the staking criteria.
- Rewards have been allocated on a pro-rata basis, with multipliers applied to stakers.
You can find the transaction hash for the reward allocation distribution here 👉 https://www.mintscan.io/persistence/tx/39547438B5893489CF6C648EC29CBB7696073222A2E820B469841B895293474A?sector=message
Closing Thoughts
This campaign was a crucial milestone in Persistence DEX V2’s journey to establish itself as the BTCfi Liquidity Hub. By testing interoperability routes, we gathered valuable insights that will help refine the user experience and ensure that liquidity flows seamlessly across the BTCfi ecosystem and beyond.
To everyone who participated: thank you for being part of this journey. This is only the beginning. As we continue to expand Persistence One’s role in BTCfi, community participation will remain at the core of everything we build.
Stay tuned for what’s next.
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.
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