PERSISTENCE IN COSMOS ECOSYSTEM.
An ecosystem of institutional, crypto-native, DeFi- and NFT-focused products makes up Persistence. The project offers a tech stack with the infrastructure to bridge DeFi and traditional finance effectively in a number of areas, opening the door for a fresh influx of liquidity into the cryptocurrency space while also generating sizeable new revenue streams for institutional and crypto-native users. It also makes it possible to develop cutting-edge crypto-facing solutions to grow the DeFi and NFT industries.
Persistence is a Protocol that powers Institutional Open Finance in the cosmos ecosystem. It was founded on the thesis that inefficient cross-border payments and business financing could be fixed using public blockchain technology and Decentralised & Open Finance (DeFi/OpFi) features. By addressing these issues, Persistence hopes to open up the bitcoin market to fundamentally new money. An ecosystem of DeFi applications powered by Persistence, a Tendermint-based, specialized Layer-1 network, are aimed at releasing the liquidity of staked assets. Persistence makes it easier to issue and deploy liquid-staked stkASSETs, enabling users to earn staking rewards while engaging in DeFi primitives like lending/borrowing and liquidity provisioning on DEXs. Persistence also aims to provide users of PoS (Proof-of-Stake) with a seamless staking and DeFi experience.
Performance of persistence
✅ Usage of these tokenized real-world assets (NFTs) as collateral to borrow stablecoins (originate loans)
✅ Packaging of the loans originated into tranches/pools to create fixed income investable products (securitization of debt)
✅ Tokenization of real-world assets (using Non-Fungible Tokens or NFTs) such as invoices
✅ Trading of tokenized real-world assets (represented by NFTs) against stablecoins
Native token
The Persistence team concentrated on the launch of the Core-1 mainnet and key block explorer/wallet/exchange integrations necessary to scale the ecosystem. $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. The team’s primary goal in 2022 and subsequent years will be to significantly increase economic activity along the Persistence Core-1 chain.
pSTAKE and $XPRT Persistence Tokens should be validated by Stakewolle.
A leading validator for blockchains using Proof of Stake is Stakewolle. Since 2020, Stakewolle has been operating and supporting more than 25 networks. While allowing users to stake with confidence, this validator platform strives to secure and contribute to this innovative new ecosystem. A validator serves as a go-between for users and the network, maintaining security and transferring data between blocks. Stakewolle seeks to preserve, oversee, and participate in significant ecosystem projects while also luring new residents to the area. Stakewolle has a very advanced platform, a distinctive user interface, dashboards, and cutting-edge monitoring technology.
You may automatically compound your staking gains with Stakewolle thanks to features of the REStake app that were created by the ECO Stake team. With this option, you can qualify for a higher APY and earn greater incentives. We go into greater depth about the APR and APY in our video.
Stakewolle offers complete network assistance. We seek to establish a democratic setting where anybody can take part in the growth of the Cosmos ecosystem.
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