[Archives] Community Newsletter #14 — November 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.
November was a momentous month for the Persistence ecosystem. We continued to push forward with our pSTAKE roadmap, raising $10 million to bootstrap the protocol, with pSTAKE’s TVL rising to $32 million this past month. The Persistence team officially introduced assetMantle (inter-chain NFT marketplace framework) and the assetMantle testnet was launched. Meanwhile, Comdex launched their mainnet. These represent major steps forward for Persistence and our community as we continue to innovate and push forward.
In addition, we introduced the validator delegation program for assetMantle amid overwhelming support from the validator community, receiving over 420+ responses. The Persistence team also continued to lead the discussion on DeFi, NFTs and liquid staking, appearing in multiple podcasts and interviews.
Check out the highlights below to catch up on anything you’ve missed.
Read the rest of this article on our official blog: https://bit.ly/3bidy8t
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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