[Archives] Terra and Persistence announce partnership to drive adoption via a Token Swap and Community collaboration

Tendermint based SDKs, Terra and Persistence, are excited to announce a joint collaboration through a delegated Token Swap. The objective of this partnership is to drive network expansion efforts in key geographic areas and collaborate on community initiatives.

Background

The demonstrated success of the CHAI application built with the backbone of Terra infrastructure has provided important models towards adoption and clear value addition to its users.

Inspired by Terra’s go-to-market via E-Commerce payments, Persistence has similarly emulated this route through its powering of Digital Asset Exchanges and Marketplaces (facilitating trading of Commodities, Social Impact Bonds, Renewable Energy Credits etc) to drive adoption. Comdex, the first application in the Persistence ecosystem has processed more than $10 Million worth of trades across various Commodity trading organisations in strategic corridors of Asia.

Read the rest of this article on our official blog: https://bit.ly/39JB79B

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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