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Persistence Blog

Community Newsletter #15 — December 2021

December underscored the continuing growth of the Persistence ecosystem. The Persistence network itself continued to strengthen, reaching record highs in terms of wallet addresses, validators and IBC transactions.

pSTAKE’s public sale on CoinList was a huge success, selling out in less than 45 minutes. In addition, pSTAKE’s TVL recently surpassed $36M. The liquid staking protocol continues to garner significant attention on social media and elsewhere. This past month, pSTAKE’s user count surpassed 6,000 and its Twitter account grew significantly to over 16,000 followers.

Meanwhile, assetMantle launched their Genesis Creators program, inviting creators interested in launching their own next-gen NFT stores to apply. After the launch of Comdex’s mainnet last month, incentivized $CMDX liquidity pools also went live on Osmosis. In addition, continued to expand its presence in the PoS ecosystem.

These developments are representative of Persistence’s continued growth and increasing traction within the broader industry.

Check out the highlights below to catch up on anything you’ve missed.

Read the rest of this article on our official blog:

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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Persistence is a Tendermint/Cosmos-based Layer-1 network powering an ecosystem of DeFi products aimed at making liquid staked assets the default assets of the the PoS economy.

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