[Archives] Community Newsletter #8 — May 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.
The month of May has been a blur, and the “noise” has seemed to have reached a crescendo. Though many are worried amid uncertain market conditions, we are not, instead we’re more driven than ever. Continuing to build on the success of an amazing April, we did not rest on our laurels, but rather we accelerated our progress.
In May, our staked XPRT percentage rose above 89%, our network surpassed 50,000 transactions, Comdex (one of our next-gen products) surpassed $100 million in transactional volume, and we introduced our highly anticipated liquid staking product launching in June — pSTAKE!
Moreover, we increased our community outreach and awareness efforts, received coverage by multiple major news outlets, and launched several impactful community initiatives, including our ambassador program (the Guardians of Persistence) and a new educational series called the Persistence Paratroopers to share developer insights.
No matter what comes our way, we’ll continue building. We encourage everyone to read over our many achievements of the past month. If you thought May was legendary, wait for the updates in June — we have so much more in store!
Read the rest of this article on our official blog: https://bit.ly/3n7r01K
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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