ICYMI: Everything You Need to Know About Persistence One x B² Network 😉

Onboarding one of the industry’s leading $BTC layer-2 solutions sets the foundation for our cross-chain interoperability product, pushing the boundaries of what’s possible in BTCfi 🔥🔥

Our solution will allow variants of $BTC and derivatives to seamlessly interact with one another. With the number of $BTC Layer-2s and sidechains rising, the siloed nature of the projects’ liquidity is hindering the growth of BTCfi.

This is the problem that Persistence One is building toward solving 🧪🥼

The interoperability product will allow for cross-chain swaps without a centralized exchange. The platform will not be limited to L2s and will integrate all $BTC variants and derivatives, including Wrapped $BTC (WBTC), Coinbase Wrapped Bitcoin (cbBTC), and Binance Bitcoin (BTCB).

Before we dig deeper into cross-chain $BTC interoperability, let’s take a quick look at why we wanted to onboard B² Network 🤔

✨What is B² Network and why are we integrating it?

Described as the most practical Bitcoin Layer 2 network, the B² Network is a fully EVM-compatible BTCfi platform that aims to increase the network's scalability and versatility without sacrificing security.

Like Persistence One, B² Network believes Bitcoin is evolving beyond payments, and the DeFi world is coming to Bitcoin through Bitcoin Season 2.

Here are some key features of the protocol:

✅First zero-knowledge proof rollup on the Bitcoin network.

✅Execute smart contracts for off-chain transactions, improving efficiency and minimizing costs.

✅Provides infrastructure to bring speed and programmability to the network.

✅Stake B² $BTC in Hive Protocol and earn B² token rewards from B² Hub PoS.

✅Offers additional rewards and security by sharing staked $BTC with other PoS networks.

The platform has seen tremendous growth since its launch and is supported by major industry players such as Hashkey Capital, OKX Ventures, and KuCoin Ventures.

With over $500M in TVL and 1.9 million users, B² Network is a significant innovator in the BTCfi space, making it an ideal integration for Persistence One's interoperability solution 🤝

👷🏻‍♂️What is Persistence One’s Interop Solution?

We’re building a Bitcoin-focused cross-chain swapping solution 🏗️

Using the magical power of intents, we’re reducing the fragmentation in the BTCfi world by connecting $BTC variants across multiple blockchain ecosystems ⛓️

Intents allow users to easily specify the outcome of a particular swap they want to achieve, leaving the route of the swap up to expert market makers called Solvers 👨🏽‍🔬

These Solvers will choose their own routes to make an intent happen, utilizing their unified liquidity across the entire market to take on the intent's finality risk.

As a result, we can provide fast, zero-slippage cross-chain swaps for Bitcoin Layer-2 assets ❤️

🙋🏽‍♀️How Does Persistence One’s Interop Solution Help B² Network and BTCfi?

The integration of B² Network can provide a wide variety of benefits to users, including the following:

- Enhanced UX
- Increased liquidity and engagement
- Accelerated growth and adoption

With enhanced interoperability, users experience a smoother route to easily swapping between the BTCfi world.

For instance, a user who is active on one Bitcoin Layer 2 network and sees a great opportunity in the B² Network can easily move their assets from their current Layer 2 environment to the B² Network chain in a secure and efficient manner through the Persistence One interop solution 🧠

Essentially, by streamlining the onboarding experience, B² Network will see the following flywheel effect:

Increased interoperability → More liquidity → More user participation → Better Defi opportunities → More users → More liquidity. 🙌🏽

Overall, we want to make it easier to move Bitcoin around in all its forms and help bring the BTCfi world closer together in a cohesive ecosystem to push the boundaries of what's possible with BTCfi 📈