Persistence DEX (Formerly Dexter)

has migrated to Trade or provide liquidity directly on 🦾

[Persistence DEX (Formerly Dexter) @dexter_zone]

🚨 Public Service Announcement

Dexter is now rebranded as the Persistence DEX 🤩

https://t.co/Nt66krIatO has migrated to https://t.co/XHYX2X1aDl.

Trade or provide liquidity directly on 👉https://t.co/lHDKJkD364

Learn more: https://t.co/Vk7cKDmeZN

[Persistence One 🟠🔁 @PersistenceOne]

The wait is over! Incentives for #BTC liquidity provisioning has finally arrived on Persistence One 🦾

▶️ 30,000 $XPRT incentives for June 2024 on $WBTC / $XPRT pool on @dexter_zone.

Provide Liquidity now 👉🏼 https://t.co/V8qoDTZoba

[Persistence One 🟠🔁 @PersistenceOne]

Did you know that the $USDC / $USDT Stableswap pool is one of the highest volume-generating pools on @dexter_zone? 👀

The pool has already surpassed $6M in cumulative trading volume, accounting for ~30% of the total volume on Dexter 🤯

👉 https://t.co/z5OSrTMctr

[Persistence DEX (Formerly Dexter) @dexter_zone]

₿m

[Persistence One 🟠🔁 @PersistenceOne]

Just in: #BTC has officially arrived on the Persistence One chain 🦾

Two new wBTC / XPRT pools are now live on @dexter_zone and @osmosis.

Trade or LP on Dexter: https://t.co/V8qoDTZoba

Trade or LP on Osmosis: https://t.co/X5nCC70d04

Incentives coming 🔜

[Persistence One 🟠🔁 @PersistenceOne]

gm ☀️

The stkXPRT/XPRT pool is now the second largest pool on @dexter_zone, with over $500k in liquidity 🦾

https://t.co/V8qoDTYQlC

[Persistence One 🟠🔁 @PersistenceOne]

Friday plans?

Celebrating the historic $20M+ on-chain volume milestone across 12 liquidity pools 🦾

Higher.

[Persistence DEX (Formerly Dexter) @dexter_zone]

Dexter is $103,718.56 away from crossing $20M traded on @PersistenceOne 🦾

Who's taking us over the line then? 😉

[Persistence One 🟠🔁 @PersistenceOne]

Persistence One is excited to announce that we’re bringing $BTC (in the form of wBTC) to our ecosystem.

What does this mean? 🤔

1️⃣ More #Bitcoin alignment
2️⃣ Enhanced adoption & users
3⃣ Increased on-chain activity and trading volume

🌐 Learn more: https://t.co/0VtR65Tmp6

[Persistence One 🟠🔁 @PersistenceOne]

🚨 Persisters, two new $XPRT governance proposals are live on the chain for voting!

Prop #103: Fix Configuration for Upgraded Dexter Pool Smart Contracts

Prop #104: Create a new WBTC/XPRT Weighted Pool on Dexter

Don't forget to cast your votes before 24th May 2024 🗳️

🐸 @leap_cosmos: https://t.co/1NiVeSX1vU

🔭 @keplrwallet: https://t.co/WlUOgu40h4

ℹ️ @mintscanio: https://t.co/4mPyAZPl7R

[Persistence DEX (Formerly Dexter) @dexter_zone]

What is the new Price Impact feature on Dexter?

We’re thrilled to unveil a new feature on @dexter_zone designed for liquidity providers in the stkXPRT/XPRT pool: The Price Impact tool 📊✨

If you’ve ever wondered how adding liquidity affects the stkXPRT/XPRT pool’s price, then this new feature allows you to see the impact on the price when adding liquidity.

The Price Impact feature is now live on the stkXPRT/XPRT pool and will be coming to other pools very soon.

Why Does This Matter? 🤔

The Price Impact tool isn't just a fancy feature; it's your foresight to strategic liquidity provision. By revealing the direct effects of your actions, liquidity providers receive the following benefits:

- More informed decision-making
- Ability to optimize returns
- Support optimal pool health

While the price impact feature may seem like a small tweak, its benefits are far-reaching. It equips you with the knowledge to make informed decisions, ensuring you get the best prices and contribute to the pool's health by a healthy arbitrage opportunity.

It allows $XPRT holders to determine whether they’re getting better prices and whether they’re adding liquidity in favor of the pool.

As the price impact of a pool is directly correlated to the liquidity of an asset, if you add more of one asset to a two-sided pool, the balancing of the pool changes, and subsequently, the price will be impacted.

The stkXPRT/XPRT pool’s current liquidity ratio stands at 78% : 22%. While the liquidity ratio of the pool is dynamic, understanding the impact on prices is essential.

For example, if you just added XPRT to the pool, you’ll see a positive price impact, as it favors the pool's balancing.

But how is this favorable for you? 🔍

Let’s take a look at an example with some quick math:

You supplied USD value: 10,000 * (@ XPRT Price; 2.58) = 2,580 USD

LP Token received: 10,210

Example values below:

- Pool ratio (after liquidity addition): 30% XPRT <-> 70% stkXPRT
- TVL: 479,754
- LP Token supply: 1844244
- USD value per LP token post liquidity addition: TVL of pool / (LP token supply) = 0.2601 (dynamic)

LP Example Gain:

User’s LP share nominal worth: 0.2601 * 10,210.02 = 2,655

- $ value gained by the user: 2655-2,580 = 75 USD
- % gain to user (price impact) = 75 / 2,563 = ~0.3 %

On the other side, let’s assume you added only stkXPRT to the pool. This would result in an imbalance of the pool’s liquidity as there would be more stkXPRT than XPRT, negatively impacting its price;

~1% might seem like a minimal drop, it’s still important to be aware of, as additional similar deposits would result in stkXPRT holders receiving fewer XPRT when redeeming their assets through the pool.

Overall, we’re excited to share this price impact feature with you. Although it's a modest change, we believe it will help liquidity providers contribute to the health of the stkXPRT/XPRT rate and avoid price volatility when adding liquidity 🤝

[Jeroen Develter @dneorej]

₿m! How are we doing this week, Persisters?

Let’s see how @PersistenceOne is moving the needle this week 👇🏼 🦾

1️⃣ Core-1 Chain
- v11.12 Persistence Chain upgrade to update stkXPRT auto-compounding feature and correct exchange rate
- $BTC is coming to @PersistenceOne this week!
- $XPRT on-chain governance proposal #103 to fix Configuration for Upgraded Dexter pool smart contracts (now live for voting)
- $XPRT on-chain governance proposal #104 to Create a new WBTC/XPRT Weighted Pool on Dexter (now live for voting)
- Looking into integrating with @babylon_chain on upcoming devnet
- New $XPRT pools on @dexter_zone and @osmosiszone
- Research into a new potential product (oh man this one is promising)

2️⃣ @pStakeFinance
- Devs are doing some serious 🛠️ for our premier $BTC Liquid Staking solution
- New website updates for https://t.co/fjIGnonOrz — new pages, updated content, and multi-language translations
- New $PSTAKE incentives for the current epoch to vote for $AERO incentives for the PSTAKE/USDC CL-200 pool on @aerodromefi on @Base are now live
- We’re starting a new BTCfi @X weekly space to discuss all things #Bitcoin and DeFi (Having an exciting guest over!)

3️⃣ @dexter_zone
- $WBTC / $XPRT pool goes live (if the proposal passes)
- 50,000 stkXPRT incentives went live on the stkXPRT/XPRT pool
- Deploying a fix for an issue with rewards claiming for all Dexter pools together
- Implement the update for configuration for the new Weighted pool and Stableswap pool contracts

Let’s go! 🦾

[Persistence One 🟠🔁 @PersistenceOne]

Oh? 👀

https://t.co/V8qoDTZoba

[Persistence DEX (Formerly Dexter) @dexter_zone]

17/ 5️⃣ Final Notes

Maximizing yield and enhancing UX is important to @PersistenceOne ecosystem.

These new features will improve users' experience and facilitate new users adoption.

In the independent yet interconnected @cosmos network, we thrive together!

[Persistence DEX (Formerly Dexter) @dexter_zone]

15/ 4️⃣ Skip

An API like @SkipProtocol makes it easier for users to always get the correct version with a single click.

No more being left with illiquid assets!

[Persistence DEX (Formerly Dexter) @dexter_zone]

16/ Through Skip, you can teleport $USDC from anywhere (Solana, L2s, etc) to the Persistence ecosystem in a single click and trade or become an LP on Dexter!

[Persistence DEX (Formerly Dexter) @dexter_zone]

14/As a result, users may end up with an illiquid token!

[Persistence DEX (Formerly Dexter) @dexter_zone]

13/ Because, in the Cosmos network, assets are tagged based on which chain they've been transferred from.

Usually, a particular version of $ATOM, transferred from chain A, for example, can be much more useful than the ATOM transferred from chain B.

[Persistence DEX (Formerly Dexter) @dexter_zone]

12/ 3️⃣ Interoperability Platforms

The Inter blockchain communication (IBC) protocol is well known as the permissionless interoperability layer of Cosmos.

So why would we need a solution for this?

[Persistence DEX (Formerly Dexter) @dexter_zone]

1/ Revolutionizing the LST economy on @cosmos is just the beginning.

An array of tools is available to help us deliver the best platform you've ever seen.

Let's explore them 🧵👇

[Persistence DEX (Formerly Dexter) @dexter_zone]

11/ Another example is @tfm_com; it is designed to improve the utilisation of all liquidities sitting on different DEXs, effectively creating an efficient super pool.

This will, in turn, attract more users and increase trading volumes.

[Persistence DEX (Formerly Dexter) @dexter_zone]

10/ Being added to the Skip API instantly offers distribution across the interchain for your DEX.

Following a recent Persistence chain upgrade that happened, Dexter's integration with Skip API is right around the corner.