Community Newsletter #10 — July 2021

Persistence liquid staking

Last month will be remembered as a turning point in Persistence’s history. pSTAKE took the stage by force securing its spot as the most efficient liquid staking product in the market. XPRT continued to grow in dominance within Cosmos DeFi, and we continued to forge alliances with industry leaders.

Furthermore, our team hosted many rewarding community events which showcased our innovative multi-chain products. Many onlookers joined the community to build stronger DeFi & staking strategies for the future, realizing pSTAKE’s potential.

Additionally, Persistence leadership took time to hit key media outlets, letting the cryptosphere know we mean business. We are an all-or-nothing team, and we intend to continue bringing different asset classes into DeFi no matter the state of the market.

Get ready for hyperspace!

Major Highlights 🚀

  • pSTAKE’s Liquid Staking Solution launched on Mainnet on July 12th with support for Cosmos, allowing $ATOM holders to interact with DeFi applications on Ethereum while staking their ATOM via pSTAKE.
  • We concluded our Staking Gala which saw over 17,000 registrations, and over 33,000 stake sessions for a total prize pool of $20,000!
  • Persistence’s network continues to strengthen with more highly esteemed validators including Chorus One, InfStones, Citadel.one, and more for a total of 83 validators.
  • pSTAKE broke $250,000 in TVL (over 19,000 ATOM) [now over $1 million TVL / 65,000 ATOM] at the beginning of August, less than 3 weeks after initial launch!
  • Osmosis XPRT pools blew past $13 million TVL [now over $20 million TVL] to kick off the month of August. Stake your XPRT on Osmosis on the XPRT/OSMO and ATOM/XPRT pools for juicy rewards!

Ecosystem Updates 🌐

Product & Community 🦾

Media Coverage & Features 📰

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.

The Persistence chain 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

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