Community Newsletter #23 — August 2022

Persistence Blog
Published in
2 min readSep 14, 2022

August was an absolutely electric month, to say the least, as we witnessed exponential growth for both Persistence and pSTAKE. Plenty of action took place at the forefront and behind the scenes as our team was hard at work making it all happen.

The buzz was largely in part due to the success of the stkBNB mainnet launch, inviting the BNB community into the pSTAKE ecosystem. Our BNB liquid staking solution moved us closer to making liquid staking the de-facto standard of the PoS (Proof of Stake) economy.

Get ready to soak in the key highlights over the past month with the latest edition of our newsletter.

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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