Community Newsletter #12 — September 2021

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In Super September, we had our engines primed to launch pSTAKE in conjunction with Alpha Finance after repeatedly surpassing all expectations during the capped launch. To celebrate, we started an Airdrop campaign & hosted a pSTAKE launch party, which reached its registration limit within 90 minutes of the announcement going live!

The Persistence team were also proud supporters of the ‘HackARThon’ in conjunction with ArtBasel supporting innovation in the art market with NFT development. This sector will become increasingly important to XPRT stakers as the development of Asset Mantle heats up in the coming months.

In addition, we crossed $47 Million TVL on Osmosis, held a governance vote, XPRT was listed on Kucoin & Huobi as we continued to gain media attention, we were featured in numerous publications such as this article on the merits of Liquid staking by Cointelegraph.

We are just warming up. Wait until you see what we have in store for October!

> On 09/08, XPRT was listed on Huobi Global. This represents a massive achievement for the Persistence team. In celebration alongside Huobi, we launched a trading competition with $50,000 in XPRT up for grabs.

Major Highlights: 🚀

> Tushar attended India’s largest Blockchain & crypto summit to raise awareness of the opportunities in crypto.

> We announced the $PSTAKE token Airdrop campaign for XPRT & ATOM holders.

> In yet another sign of the traction we are gaining within the trader community, XPRT was listed on Kucoin

> Persistence announced a powerful collaboration with the Alpha Finance launchpad to support the launch of the pSTAKE protocol.

Ecosystem Updates: 🌐

> On 09/01, Persistence joined forces with Elrond via, $EGLD holders can now delegate to, in a completely non-custodial manner, to earn up to 25% APY.

> We joined LUMAS & Solana Labs in the world’s first ‘HackAThon’ in conjunction with ArtBasel.

Sifchain DEX has Launched XPRT Trading and Liquidity Pools.

Product and Community: 🦾

> On 09/03, Our Friends at Everstake Created Two New XPRT Staking Guides for Keplr

> We unveiled the use case for our pSTAKE token with this insightful medium article that digs into the details.

> We held a governance vote on increasing the validator set from 50–75, ensuring our network remains strong as we accommodate growing demand.

> We crossed $47Million TVL with $XPRT on Osmosis DEX. This represents a great sign of our growing community of investors, traders, and stakers.

> pSTAKE’s uncapped version went live!

> We held an incredible pSTAKE launch party, and registrations filled up after only 90 minutes of the announcement going live! Tushar and several members of the Persistence team gave insights and interacted with community members.

Media Coverage and Features: 📰

> DeFi Times interviewed our founder Tushar Aggarwal, exploring developments in the Persistence & broader Cosmos ecosystems.

> Our founder Tushar Aggarwal joined Staking Rewards on an episode of their show Staking Mondays.

> In further proof, we are continuing to gain media attention; we were featured in this Cointelegraph article on the merits of Liquid Staking.

> Moreover, we were featured in an article by Forkfast News on how DeFi can unlock liquidity & boost rewards.

> Tushar was invited to speak on the Devi podcast, giving his insights on defining robust technologies.

> We held an exciting AMA with the Vietnamese community via the Crypto Viet channel.

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.

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