Expanding the Liquid Staking Ecosystem is one of the three critical aspects of the Persistence 2023 Liquid Staking Roadmap. Today marks an important milestone as we welcome Ledger into the Persistence Ecosystem.
Native $XPRT support on Ledger Live
In its plan on expanding compatibility within the Cosmos Ecosystem, Ledger Live has integrated $XPRT, the native token of the Persistence Core-1 chain. Users can now create an account, send, receive, and stake $XPRT right from Ledger Live with private keys secured in their hardware wallet. Ledger by Chorus One has also joined the Persistence Ecosystem as a validator, providing users an option to stake $XPRT while staying within the Ledger secure ecosystem.
Ledger is a leading security infrastructure provider in crypto. Persistence is ecstatic to be one of the first chains to be supported (after the Cosmos Hub) as part of their expansion within Cosmos, alongside Onomy & Quicksilver.Jeroen Develter, Persistence Ecosystem Lead
Native support for $XPRT on Ledger Live will allow Persistence’s users to store their keys more safely. At the same time, this will also help onboard new users into the Persistence Ecosystem. This partnership also opens up the exciting possibility for Ledger support on Ecosystem dApps such as pSTAKE & Dexter in the future.
We look forward to working closely with the Ledger team and can’t contain our excitement for what lies ahead when the app chain for all things liquid staking meets the leading security infrastructure provider in crypto. Watch this space for more.
Persistence is an appchain for liquid staking–issuance of & DeFi for LSTs.
The Persistence chain hosts pSTAKE Finance–a multi-chain liquid staking protocol for issuing LSTs that allows users to earn staking rewards while participating in DeFi primitives, Dexter–the Interchain DEX for yield-generating assets like LSTs. Bamboo, a borrowing/lending protocol for LSTs & a vault product for LSTs, are expected to launch soon.
Persistence aims to offer a one-stop shop for liquid staking for PoS (Proof-of-Stake) users and enable developers to build innovative applications around LSTs.
About Ledger Live
With more than 1.5 million users, Ledger Live offers a secure and easy way to manage your digital assets, collectibles, and explore our ever-growing list of Dapps available in the Discover section, with your private keys stored in your Ledger device.