What is Persistence One (XPRT)?

Deep Dive

1. Bitcoin Cross-Chain Swaps

Persistence One’s flagship feature enables seamless swaps of Bitcoin and its variants (e.g., WBTC) across chains like Base, BEVM, and Bitlayer using intent-based bridging (Persistence blog). This addresses fragmentation in BTCFi by centralizing liquidity on Persistence DEX, its decentralized exchange, to minimize slippage and simplify cross-chain transactions.

2. Liquid Staking Ecosystem

The chain supports liquid-staked assets (LSTs), such as stkXPRT, which let users earn staking rewards while using these tokens as collateral in lending/borrowing or liquidity pools. Over 75% of XPRT’s supply is staked (March 2025 update), reinforcing network security and enabling yield generation across DeFi protocols.

3. Tokenomics & Governance

XPRT serves as:
- Work token: Pays gas fees and incentivizes validators.
- Governance tool: Holders vote on proposals (e.g., allocating 1M XPRT for liquidity incentives).
- Staking asset: Inflation-adjusted rewards (targeting ~35% APR) encourage participation.
Token distribution includes allocations for ecosystem development (19.4%), marketing (25.6%), and team (16%), with a capped supply by 2035 (FAQs).

Conclusion

Persistence One merges Bitcoin interoperability with liquid staking to address DeFi’s liquidity fragmentation. Its focus on becoming a BTCFi hub raises a pivotal question: Can it attract sufficient cross-chain liquidity to sustain near-zero-slippage swaps as adoption grows?