Community Newsletter #16 — January 2022
In 2021 we positioned Persistence and its suite of products to be the beneficiary of institutional capital inflows, as well as providing new opportunities and value to retail participants of the DeFi, NFT and PoS sectors. The momentum is continuing to build entering into 2022.
As we welcomed the new year we continued to push forward following our pSTAKE roadmap, with development and integration progress ahead of schedule. pSTAKE’s TVL continued its solid growth, this month rising to over $50 million for the first time.
$XPRT became more deeply integrated into the broader space as the Persistence network and ecosystem continued to make strides across the board.
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/3yb0TgH
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.