[Archives] Community Newsletter #2 — November 2020
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.
For insights into our progress on our mission to usher in the next generation of blockchain-powered financial products, we invite you to read our community newsletter covering all areas of our activities in November.
After our successful raise of $3.7 million during our funding rounds last month, we are now pursuing our mission with full vigour.
Our Cosmos StakeDrop campaign concluded with impressive results, we launched our second StakeDrop campaign on Kava which has gained huge traction already, we’ve forged various partnerships with valuable industry players, and we’re continuing to ramp up our community outreach efforts.
Read the rest of this article on our official blog: https://bit.ly/3HJk0l8
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.