Community Newsletter #17 — February 2022
February was a monumental month for the Persistence ecosystem. pSTAKE in particular made significant strides while Persistence and the broader ecosystem continued to advance.
$PSTAKE, pSTAKE’s governance and incentivisation token, launched on February 24th and is now listed on three industry-leading exchanges: Huobi, Kraken and OKX. Liquid staking via pSTAKE is now more accessible than ever thanks to a recent update eliminating ETH gas fees when staking, further driving pSTAKE’s growing traction.
On the Persistence core front, three key articles were released covering Persistence’s goals for 2022, broader vision for Persistence and $XPRT value accrual, and the role of the symbiotic relationship of $XPRT and $PSTAKE on that journey. $XPRT continued to become more deeply integrated into the Cosmos ecosystem and the Persistence chain continued to strengthen.
With pSTAKE quickly gaining momentum and multiple major developments planned for the Persistence ecosystem in the coming weeks and months, we’re advancing swiftly on our mission to bring liquid staking and stkASSETs to the masses.
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/3zSnq2U
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.