[Archives] Community Newsletter #10 — July 2021
Note: Persistence has pivoted to liquid staking and building DeFi primitives to increase the utility for staked assets. This article is only for archive purposes. Refer to Persistence’s official blog for the latest updates.
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!
Read the rest of this article on our official blog: https://bit.ly/3zQxgCx
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.