[Archives] Community Newsletter #6 — March 2021
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.
March was a momentous month for Persistence and our community!
In each month of 2021, we’ve accomplished more than the last, but this past month was truly exceptional! In March alone, we launched our mainnet, conducted XPRT’s long-anticipated TGE, completed token auctions on AscendEx (formerly BitMax), trading of XPRT began, and we launched XPRT staking with rewards of 35%+ APR.
Additionally, we hosted Proof-of-Stake: The New Paradigm, one of the year’s biggest PoS events, during which thought leaders from the PoS ecosystem joined us for an action-packed day of presentations, panel discussions and fireside chats on some of the industry’s hottest topics. We also welcomed several new strategic advisors to the Persistence team, increased our community outreach and education initiatives, and much more.
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 March.
Read the rest of this article on our official blog: https://bit.ly/3QDmxRD
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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