Exploring the Relationship Between $XPRT and $PSTAKE
pSTAKE is one of the fundamental building blocks of the Persistence ecosystem, playing a key role in realising Persistence’s vision of becoming the liquid staking hub of the Proof-of-Stake industry.
With the role of XPRT within the Persistence ecosystem clearly defined, this article aims to delineate the relationship between $XPRT and $PSTAKE, and how they will work in tandem to propel Persistence on our mission.
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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.