The Vision for Persistence and XPRT Value Accrual
$XPRT, the native staking token of the Persistence Core-1 chain, was launched in April 2021 with the vision to fuel a DeFi ecosystem creating innovative use-cases beyond the traditional DeFi primitives we see on most ecosystems today.
Persistence is a Tendermint based layer-1 chain, with a goal to build an ecosystem of decentralized applications that together accrue value to XPRT.
In 2021, the Persistence team focused on the Core-1 mainnet launch and key block explorer/wallet/exchange integrations required to scale the ecosystem. In 2022 and beyond, the main focus for the team will be to drive significant economic activity on the Persistence Core-1 chain.
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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.