[Archives] How Persistence is Ushering in a New Era of Next-Gen Financial Products
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 Internet disintermediated the media & communications industry. Using HTTP, SMTP, and TCP/IP as the foundational layers, the cost of information exchange was significantly lowered.
Data flows like water today.
Persistence is leveraging blockchain technology to facilitate seamless asset exchange. Using Web 3.0 protocols, Persistence is providing the infrastructure for the creation of a suite of bleeding edge financial products ranging from NFT marketplaces and tokenized ‘real-world’ debt trading platforms to staking-as-a-service infrastructure.
Digital assets will flow like water tomorrow.
We’ve come a long way on our journey to usher in this new financial paradigm since Persistence began as a concept in 2018.
Read the rest of this article on our official blog: https://bit.ly/3HG0TIp
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.