The Persistence Mainnet is Launching on March 30th. Introducing Our World-Class Genesis Validators.

After more than two years of relentless ideation and development, we’re thrilled to announce that the Persistence mainnet is going live tomorrow, March 30th! This will signal the official birth of the Persistence network and the next major milestone on our journey to usher in a new financial paradigm.

The genesis transactions from our validators sent before 12 PM UTC on March 30th, 2021, will be used to publish the final_genesis.json at 1 PM UTC on the same day. The genesis will start immediately after as soon as a quorum is reached.

At this point the network will be live with 16 genesis validators along with 5 Foundation nodes (a total of 21 validators).

We are committed to ensuring the utmost security and robustness of our network, and our strong validator ecosystem is playing a major role on this front. In addition to securing the network, our validators will be enabling XPRT holders to delegate to them for staking (35% APR for stakers in the first year).

Read below to learn more about our mainnet launch and to meet our world-class validator ecosystem bolstering the Persistence network.

Read the rest of this article on our official blog: https://bit.ly/3QEu0jk

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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