FAQs
General
Persistence is a Tendermint-based, specialised Layer-1 network powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets through liquid staking. 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.
The broader vision of Persistence is to become the liquid staking hub of the PoS space, making liquid staked stkASSETs the default assets of the staking economy.
Read more about Persistence’s vision and mission here.
Yes, the Persistence network is IBC-enabled – allowing for interoperability between other IBC-enabled Cosmos ecosystem chains and assets.
Learn more about Persistence’s 2022 mission here.
Yes, Persistence is welcoming developers looking to build use cases for liquid staked assets. The Persistence Grants Program provides builders with an opportunity to develop new and innovative products within the Persistence ecosystem. For those looking to help contribute to our ecosystem, join our program today.
Learn more here.
Aside from the Persistence website, this section of the Persistence blog contains all of the most important articles relating to Persistence and XPRT.
♦️ Make the Persistence chain more decentralised and robust to support ecosystem dApps
♦️ Increase $XPRT holder base to >100,000 wallets
♦️ Incentivise builders to build on the Persistence chain, expanding dApp ecosystem
♦️ stkASSET issuance on Persistence chain by Q3/Q4 2022
♦️ Host other supported Tendermint-based stkASSETs on Persistence chain by Q4 2022
♦️ Deploy new dApps, such as the interchain DEX and borrowing/lending protocol, by Q4 2022
♦️ Make $XPRT one of the most liquid assets within the IBCGang through further use-cases and integrations (e.g. integration with Juno, Umee, Injective, etc.)
♦️ Significantly improve chain metrics including on-chain TVL, IBC transactions, etc.
Learn more about Persistence’s 2022 mission here.
Those who want to become an integral part of our core community can apply to the Persistence Guardians Ambassador Program. Guardians will work closely with our team to help spread the word and demonstrate the ecosystem of products we’re bringing to the DeFi industry, while also growing and learning valuable skills along the way.
Read here and apply today.
You can learn how to become a Persistence chain validator here. Validators can also apply for the Persistence Foundation Delegation Program. This program is specifically designed for those who have helped contribute to our ecosystem and are ready to join the Persistence Core-1 mainnet. Learn more here.
Have any questions? Join us on our Discord.
$XPRT Token
Token Launch Date: 1 April 2021
$XPRT is the work token for the Persistence ecosystem, bootstrapping ecosystem applications to propel network adoption and securing the core infrastructure through staking. $XPRT stakers can participate in governance to contribute to the long-term success of the ecosystem.
$XPRT accrues value from the ecosystem’s financial activity through multiple avenues including gas fees, fee-sharing with ecosystem applications, hub-routing, etc.
Learn more here.
$XPRT is supported by a variety of wallets. These include:
♦️ Persistence native wallet: https://wallet.persistence.one/
♦️ Keplr: https://www.keplr.app/
♦️ Cosmostation: https://wallet.cosmostation.io/cosmos
♦️ Citadel: Citadel.one
♦️ Coin98: https://coin98.com/
♦️ Ledger: https://youtu.be/tLVUz3GJz98
Wallet setup tutorial (Keplr): https://youtu.be/u-6hzCvuu3k
Wallet setup tutorial (native wallet): https://bit.ly/3O8XwvR
Using any of the above wallets, you can hold, stake, and transfer your $XPRT tokens.
Staking
XPRT can be staked via the Persistence native wallet, or other supported wallets such as Keplr, Cosmostation etc.
Staking rewards for XPRT stakers currently stand at ~35% APY.
🌐 Staking tutorial using Persistence native wallet.
Fun fact: Persistence has one of the industry’s strongest bonded (staked) token ratios.
Liquid Staking
$XPRT holders can also stake via Persistence’s pSTAKE liquid staking protocol in order to be issued stkXPRT, which can be used in DeFi to generate additional yield while their underlying staked $XPRT is earning staking rewards.
🌐 Stake here: https://pstake.finance/
ℹ️ Tutorial: https://youtu.be/9B1ktY5BS8o
The $XPRT token is built and available on the Persistence network and is IBC-enabled for interconnectivity across other interoperable applications within the Cosmos ecosystem.
100 million $XPRT were minted at genesis and are being released over time across 42 months – the token distribution is as such:
- Marketing & Growth: 25.6% (25,600,000 $XPRT)
- Ecosystem Development & Growth: 19.4% (19,400,000 $XPRT)
- Team: 16% (16,000,000 $XPRT)
- Seed and Private Sale: 14% (14,000,000 $XPRT)
- Validator Incentivization: 10% (10,000,000 $XPRT)
- Validators & Strategic Sale: 10% (10,000,000 $XPRT)
- Advisors: 4% (4,000,000 $XPRT)
- Public Sale: 1% (1,000,000 $XPRT)
More information, including the token release schedule, can be found here.
$XPRT Persistence Chain address: IBC/A0CC0CF735BFB30E730C70019D4218A1244FF383503FF7579C9201AB93CA9293
$XPRT is trading on a variety of centralized and decentralized exchanges, including:
♦️ Huobi
♦️ KuCoin
♦️ Gate.io
♦️ AscendEX
♦️ Osmosis
♦️ JunoSwap
You can find details regarding all $XPRT trading pairs here.
Initial inflation will range from 25-45% with the target of 35% achieved at a 66.7% bonding ratio. The inflation halving occurs every two years and the maximum supply cap is expected to be reached by the year 2035.
$XPRT
There are a variety of $XPRT pools on the Osmosis DEX offering attractive incentives:
♦️ $XPRT/USDC: https://app.osmosis.zone/pool/719
♦️ $XPRT/ATOM: https://app.osmosis.zone/pool/13
♦️ $XPRT/OSMO: https://app.osmosis.zone/pool/15
Pool rewards data can be found here: https://www.dexmos.app/
stkXPRT
stkXPRT is the liquid staked form of $XPRT – minted by staking $XPRT via pSTAKE and available on the Ethereum network.
stkXPRT holders can provide liquidity to the stkXPRT-ETH pool on SushiSwap to earn LP fees in addition to staking rewards.
Provide liquidity here: https://app.sushi.com/add/0x45e007750Cc74B1D2b4DD7072230278d9602C499/ETH
Additional utilities for stkXPRT are in the works and will be announced soon.
Ecosystem
The Persistence ecosystem is comprised of a wide variety of dApps, wallets, DeFi platforms, tools, and more to help power its liquid-staked asset economy. All elements complement one another with various utilities for assets across Persistence.
The broader vision of Persistence ecosystem is to become the liquid staking hub of the PoS space, making liquid staked stkASSETs the default assets of the staking economy.
The Persistence ecosystem covers the whole liquid staking journey, and will encompass both the means for liquid staking (via pSTAKE) and the means to utilize the resulting liquid-staked assets in DeFi for additional yield (via Persistence ecosystem apps such as DEX, borrowing/lending protocol etc.)
Read more about Persistence’s vision and mission here.
AssetMantle and Comdex are both built (or partially built) using the Persistence SDK, and will both offer utility for Persistence’s stkASSETs.
AssetMantle users will be able to use stkASSETs for the buying and selling of NFTs on supported marketplaces, adding further stkASSET utility. Comdex users will have the ability to open collateralized debt positions (CDPs) against stkASSETs to mint cAssets (synthetic commodities), adding more utility to native pSTAKE assets.
Though not a dApp, AUDIT.one – Persistence’s validator arm – is another important element of Persistence’s liquid staking ecosystem.
Learn more about the broader ecosystem here.
pSTAKE is a core component of the Persistence ecosystem, serving as a liquid staking protocol that unlocks the liquidity of staked PoS assets (e.g. ATOM and ETH). PoS token holders can stake their tokens via the pSTAKE application to receive stkASSETs (tokens representing the staked assets) which can be traded or utilized in DeFi for additional yield.
Currently, pSTAKE issues ERC-20 liquid-staked representative tokens on the Ethereum network, with the aim of building a multi-chain protocol issuing liquid-staked representatives on multiple networks (including the IBC-enabled Persistence chain – due Q3/Q4 2022).
Yes, Persistence is welcoming developers looking to build use cases for liquid staked assets. The Persistence Grants Program provides builders with an opportunity to develop new and innovative products within the Persistence ecosystem. For those looking to help contribute to our ecosystem, join our program today.
Learn more here.