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Persistence One: fast, zero-slippage cross-chain swaps for Bitcoin
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Fragmentation has long been a bottleneck for Bitcoin Layer 2 solutions, limiting scalability and user experience. @PersistenceOne aims to change that with fast, secure, and zero-slippage swaps that don’t require traditional bridges. Let’s dive in!
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🌀 The Problem: BTC Layer 2s are booming, but growth has led to fragmentation, making it tough to move assets efficiently.
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The Solution: Persistence One tackles these issues head-on with "intents". Seamless cross-chain swaps without liquidity pools or bridges – this approach minimizes risks, simplifies processes, and cuts out the complexities.
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Key Features: 🔸Cross-Chain Swaps Without Bridges 🌀 🔸Zero-Slippage Environment 💹 🔸Powered by Intents for pre-specified swap outcomes 🔒
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Tech Highlights: 🔸Custom Persistence Core-1 for BTC L2 interoperability. 🔸Leveraging CosmWasm for decentralized applications.
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Partnerships: To power this vision, Persistence One partnered with @BitlayerLabs, @build_on_bob, @LayerZero_Core, @BSquaredNetwork, and @babylonlabs_io to enhance BTC movement and security.
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Testnet Updates: The testnet launched on Nov 8, 2024, aiming to reduce BTCfi fragmentation and bridge BTC variants across L2s and sidechains.
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Tokenomics: 🔸$XPRT Token: Fuels the Persistence ecosystem. Powers staking, governance, and liquidity across modular apps like pSTAKE and DEXter.
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Why It Matters: Persistence One is taking a new approach to make Bitcoin more flexible and interoperable, turning BTCfi into a more scalable and accessible ecosystem.
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Persistence One's efforts to solve Bitcoin's interoperability challenge could be transformative, bringing seamless swaps and scalability to the BTCfi space. What’s your take on this new direction for Bitcoin DeFi?
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📍If you want to dive deeper into the world of Persistence One and learn more about similar projects, check out our Medium via the link in our profile. We've got tons of cool content that you don't want to miss!🔗
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#PersistenceOne #HighTower #htwtech #Bitcoin
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