Community Newsletter #20 — May 2022

May was an eventful month for the Persistence team as we continued on our mission to build a vibrant liquid staking economy. Read more.
Persistence Monthly Newsletter For May 2022

May was an eventful month for the Persistence team as we continued on our mission to build a vibrant liquid staking economy for the PoS community. pSTAKE has been the centerpiece of our ecosystem and efforts over the last few weeks, evidenced by several breakthrough developments and implementations when it came to stkASSETs and collaborations.

Step by step, we’re deploying the building blocks that bring us closer to creating a truly diverse liquid staking ecosystem of digital assets and products. In this month’s edition of our newsletter, we cover all the major details and events of what we accomplished to lay the groundwork for more to come as we move further into 2022.

Major Highlights

  • pSTAKE’s ETH liquid staking implementation just went live on the Ethereum mainnet. Users can now stake their ETH on the platform to mint stkETH and engage in additional DeFi opportunities throughout the ecosystem.
  • Binance Labs made a strategic investment in pSTAKE with the aim to bring liquid staking to the BNB ecosystem via the implementation of stkBNB, expanding pSTAKE’s footprint across the industry.
  • External incentives for the new XPRT/axlUSDC pool went live on Osmosis, offering a total of 300K $XPRT rewards over the course of 45 days with ~400% APR (at $1M TVL).
  • The Persistence team attended the Gateway Conference 2022 in Prague, Czech Republic this month, which was full of enthusiastic Cosmos ecosystem developers and community members. We had a chance to connect with attendees and gave our own keynote presentation on liquid staking featuring Jeroen Develter.

Persistence Monthly Statistics

Persistence - Monthly Statistics For May

$XPRT & Persistence 🦾

pSTAKE💧💰

Regardless of market conditions, the Persistence team is continuing to innovate and build to grow our platform and bring liquid staking to the forefront.

As we move further into 2022, implementations of stkBNB and stkAVAX are already on the way, in addition to several other upgrades and news that we’ll be announcing in the near future.

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]

Total
0
Shares
Leave a Reply

Your email address will not be published.