Community Newsletter #2 — November 2020

Avatar photo
Persistence liquid staking

For insights into our progress on our mission to usher in the next generation of blockchain-powered financial products, we invite you to read our community newsletter covering all areas of our activities in November.

After our successful raise of $3.7 million during our funding rounds last month, we are now pursuing our mission with full vigour.

Our Cosmos StakeDrop campaign concluded with impressive results, we launched our second StakeDrop campaign on Kava which has gained huge traction already, we’ve forged various partnerships with valuable industry players, and we’re continuing to ramp up our community outreach efforts.

Major Highlights

Persistence Partners With Oracle Provider Razor Network

Nov 2: We are committed to building partnerships in the best interest of all parties involved, so that we may build a stronger blockchain community and improve decentralized infrastructure together. To that end, we were pleased to announce our mutually beneficial partnership with Razor Network!

Razor Network is a decentralized oracle provider, focusing on decentralized finance, that supplies accurate real-time data to smart contracts. Razor takes pride in being extraordinarily fast, robust and economically secure.

Persistence is very pleased to reveal that, Persistence’s validator arm, will be onboarded as a validator for Razor Network’s platform.

In addition, Persistence will utilize Razor Network’s decentralized oracle services, which will allow developers on Persistence to take full advantage of the data made accessible by our partner.

🌐 Read more about our collaboration here: Link

Our $25,000 Kava StakeDrop Campaign is NOW LIVE!

Nov 27: Following the conclusion of our Cosmos StakeDrop on November 25th, our Kava StakeDrop commenced on November 26th.

The Kava StakeDrop campaign got off to a flying start with ~5M KAVA staked and participating in StakeDrop to earn XPRT rewards upon its launch.

Every KAVA staker is eligible to earn up to 5,000 XPRT tokens, simply by staking on the Kava network! Stakers are required to send their Magic Transaction to register.

Dive into the full details of the Kava network StakeDrop here: link

Key Details

• Total rewards: 100,000 XPRT ($25K based on the latest valuation)

• Campaign duration: 21 days

• Start: 26th November, 12 AM PST

• End: 16th December, 11 PM PST

$25,000 worth of XPRT tokens are being allocated for distribution to KAVA stakers throughout the 21-day Kava StakeDrop.

🌐 If you don’t want to miss out on your share of the daily 4.7k XPRT rewards, SEND THAT MAGIC TRANSACTION NOW! Learn how here: link

HackAtom Updates

Announcing the Winners of HackAtom India

Nov 4: We had such an awesome time hosting this year’s HackAtom India! Nearly 1,200 people registered for HackAtom India, in hopes of contributing to kick-starting the Indian Cosmos ecosystem whilst competing for $10,000 in prizes.

Persistence and Cosmos Network held four workshops with over 200 participants!

We received 24 Project Submissions and 2 Community Bounty Submissions. From those, the winners are:

🏆 The Gaia Award

Moornet Interoperability: Enabling secure exchange of assets and data between ecosystems

🏆 The Cosmonaut Award

Dharani: Decentralized real estate marketplace

🏆 Community Award

Interstellar: Dynamic Instagram filter for Cosmos

⭐️ Special Mention

OffSubmit: Online examination portal developed using Ethermint & IPFS

Many congratulations to all! We look forward to contributing to further initiatives to strengthen the Cosmos ecosystem.

StakeDrop Updates

Persistence Partners with the Staking Rewards Team!

Nov 3: 1000 of our StakeDrop participants will be able to get an additional 20 $XPRT thanks to our collaboration with Staking Rewards. All you need to do is stake a minimum of just $200 USD in any of our StakeDrop campaigns (or a total of at least $200 USD across any combination of the campaigns)!

A bonus of 200 HEARTS (Staking Rewards loyalty points) is also up for grabs, courtesy of our wonderful partners at Staking Rewards, to eligible participants of the additional rewards campaign.

We are constantly committed to building all the necessary connections to further benefit and expand our community.

🌐 Learn more about how to participate here: link

Stay tuned for more initiatives for StakeDrop participants!

Cosmos StakeDrop Gleam Campaign

Nov 9: We launched a special $150 giveaway for our Cosmos StakeDrop participants! They simply had to share a screenshot of their Magic Transaction, along with a message regarding their StakeDrop experience, on Twitter for a chance to win one of five prizes of $30 in XPRT tokens.

We’re always looking for ways to benefit our community, especially those contributing to the success of our StakeDrop campaign by taking part. Thank you to everyone that participated in the Cosmos StakeDrop! The response was incredible.

Citadel Users Joined Our Cosmos StakeDrop!

Nov 12: We at Persistence were very thrilled to see how much traction our first StakeDrop campaign garnered — and it only continued to steamroll forward!

Citadel released a guide on staking ATOM directly from their user-friendly interface to participate in StakeDrop. Citadel’s a non-custodial PoS platform for managing and storing multiple crypto assets in one place. Users get analytical overviews of all their staked crypto assets in one easy-to-use interface.

A couple of convenient perks they offer include: one-seed to rule all other seeds and auto-staking.

This collaboration was very encouraging to see and once again want to thank everyone that was involved!

Our Spellbinding Kava StakeDrop Video Tutorial for Cosmostation Users

Nov 24: Once you’re actively staking some KAVA with a validator of your choice, initiate your participation in the StakeDrop with a Magic Transaction in three magical steps:

1️⃣ After clicking on ‘Send Magic Transaction’, send 0.001 KAVA from your KAVA wallet to the designated address found here

2️⃣ IMPORTANT⚠️ Be sure to include the Ethereum address you wish to receive your XPRT rewards to in the ‘memo’ field.

3️⃣ Once the TX is confirmed you’re a bona fide registered magician! You can add or subtract (with a 21-day unbonding period) to your stake or redelegate at any time.

Note: To maximize your XPRT rewards you’re welcome to delegate to

View the video tutorial for Cosmostation mobile wallet users here:

Dedicated Trust Wallet Kava StakeDrop Magic Transactions Tutorial

Nov 26: Hoping to help some muggles along on their path to wizardry, we prepared tutorials to make executions of the Magic Transactions as smooth as possible for Trust Wallet users.

Video tutorial:

Written tutorial: link

The Magic is on for Keplr Users!

We released a dedicated tutorial for Keplr wallet users to make it simple for them to learn how to participate in our $25,000 Kava StakeDrop. Click above to watch the video tutorial.

Written tutorial: link

Media Coverage

Kava SakeDrop Coverage by CryptoDiffer

November 20: Crypto news aggregator CryptoDiffer listed the launch of our Kava StakeDrop campaign as one of the major events of November-December.

Persistence Shouted Out as One of the Top 7 Upcoming PoS Networks by Top7ICO

Nov 18: Persistence was featured in an infographic listing PoS networks that use validators who create, propose, or vote on blocks added to the blockchain.

Top7ICO explained that in DeFi, staking providers play the important role of the bank; running nodes for decentralized PoS protocols on behalf of investors. They compiled a list of promising upcoming PoS networks, including Persistence, mentioning the number of independent staking providers ready to support our launch.

Top7ICO Covered our Kava StakeDrop Campaign Launch

Community Outreach & Education

Did You Know?

Nov 17: We recently launched our Did You Know series to educate the community on the strengths of Persistence and interesting updates in the form of short, digestible, sharable facts.

The first Did You Know was related to StakeDrop. Our first StakeDrop campaign of seven kicked off on October 26th and wrapped up on November 25th. This campaign took place on Cosmos, with our Kava StakeDrop currently underway and Terra, Iris Net, Polkadot, Matic Network, and Tezos still to come.

AMA with Pramod’s Global Crypto Community

Nov 24: We joined Pramod’s Global Crypto Community for an AMA about the future of Persistence and answered questions from the community. We also provided rewards for the top five questions asked live during our AMA.

Thank you to everyone who took part!

Joining The Kava Telegram Community to Discuss our Ongoing StakeDrop

Nov 24: $25,000 worth of XPRT tokens are being distributed to KAVA stakers via our Kava StakeDrop, which began on November 26th. Hopefully you gained some deeper insights during this AMA!

Our CEO & Co-founder, Tushar Aggarwal, and our Strategy and Community Lead, Abhitej Singh, joined the Kava Labs Telegram group to connect with the community and answer questions about the StakeDrop and more!

We discussed the Kava StakeDrop, how community members could participate, benefits for the Kava network, and everything else that piqued the community’s interest.

Kava StakeDrop-Related AMA on WeChat

Nov 25: If you were looking to have your Kava/Persistence questions answered, this is was a great opportunity to meet the Persistence team as we joined Kava’s VP of Global Business Development, Aaron Choi, for a community AMA.

We kicked off the conversation on WeChat to clarify everything related to Persistence and the Kava StakeDrop.

We invited everyone to attend to learn more the about the value the StakeDrop adds to the Kava network and how it benefits everyone involved.

About Persistence

Persistence is a Tendermint-based, specialised Layer-1 network powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets.

Persistence facilitates the issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards while participating in DeFi primitives, such as lending/borrowing and liquidity provisioning on DEXs.

Persistence aims to offer a seamless staking and DeFi experience for PoS (Proof-of-Stake) users and enable developers to build innovative applications around stkASSETs.

Join Our Movement

Twitter | LinkedIn | Telegram | YouTube | Reddit | [email protected]