The liquid staking hub of the PoS Blockchains

Exploring the Persistence Blockchain and Ecosystem.

Persistence is another Layer1 chain powering an ecosystem of defi applications created with the Tendermint software and secured by the staking mechanism of POS consensus.

The general Blockchain scope has two main security methods of preventing double spending and facilitating a smoothly running network.

The Proof of Work (PoW)

The Proof of Stake (PoS)

We’ll cover these concepts in our subsequent posts on blockchain education, try to follow us to stay updated!

The Persistence Ecosystem

The Persistence Ecosystem is designed to be a liquidity market for all PoS chains. How? PoS networks require that coins are staked for smooth running and a little percentage of network fees is distributed as an incentive to the staking coins. Staked coins cannot be used for anything while they’re staking(illiquid). Once a coin is staked, it takes a few days(varies across chains) to make it useful again(unbounding period).

In the quest to enable PoS coins for further utilization, Persistence is rising to build an Ecosystem that is capable of bringing liquidity to staked assets with the use of liquid staking. Thus, they provide tokens like stkATOM, stkETH, stkBNB, stkSOL, stkAVAX etc.

Defi in the Scope of Persistence

Persistence is working towards making a wide range of valuable assets liquid, including physical assets. It has then been building its ecosystem to live up to the status with the development of platforms like pStake, AssetMantle and Comdex.

pStake

pStake is the heart of the Persistence Ecosystem which is designed to bring Defi opportunity to stkAsset. With pStake, coin holders can earn staking rewards and at the same time utilize their assets to gain from defi lending and borrowing protocol on the Ethereum chain. Simply put, “you can eat your cake and have it too”. Pstake interoperates within Cosmos, and Ethereum ecosystems. Cosmos users can deposit $ATOM and get Erc20 $stkATOM, $BNB for $stkBNB, respectively — then, the stkAssets can be used to provide liquidity on Defi platforms and earn LP.

Fundamental Analysis

Team:- Tushar Aggarwal (CEO), Abhitej Singh (Head of Marketing) and Mikhil Pandey (pSTAKE Lead).

Persistence has been one of the active players in the cosmos ecosystem. The team hosted Cosmos SNZ on the 2nd of October, 2022. The event centred on the development of Cosmos and IBC with over 800 registrants from among Cosmos leaders and Cosmonauts.

The Persistence chain has two main tokens which are $XPRT and $pSTAKE.

$pSTAKE is the governance and incentivization/dis-incentivization token of the pSTAKE protocol.

Circulating Supply ==> 168,750,007

Total Supply ==> 500,000,000

ATH ==> $1.21

ATL ==> $0.100554

$XPRT is the Persistence Ecosystem coin, powering the development of the ecosystem. 35% APR at this time.

Circulating Supply ==> 117,001,025

Total Supply ==> 146,200,089

ATH ==> $16.59

ATL ==> $0.703614

website:- www.persistence.one

#FunFact\\ Staking is a form of current saving but it doesn’t have an account maintenance fee!

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