Persistence is a Tendermint-based, specialized 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 assets, 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.
Since 2019, Persistence has been relentlessly building for the Cosmos ecosystem, whether it is through participating in the launch of Cosmos Hub, hosting first ever stakedrop campaign for the Cosmos ecosystem, being one of the first chains to enable IBC, or introducing the first liquid staking solution for ATOM.
Persistence Core chain has one of the highest staking ratios across the PoS ecosystem, currently standing at ~81%. Persistence’s staking community strongly positions it to become the liquid staking hub for the PoS economy.
Persistence has adopted governance-driven application deployment on the Core chain and aims to have only high utility DeFi primitives, becoming a specialized layer-1 for liquid-staked assets. This will allow the chain to optimise for the maximum capital efficiency and resource allocation.
Major applications currently live or coming soon in the Persistence ecosystem include pSTAKE (liquid staking protocol), Dexter (Interchain DEX for yield-bearing assets) and Money Markets for liquid staked assets.
