Persistence: A Protocol Enabling Exposure To Multiple Asset Classes
Blockchain technology adoption globally is increasing daily and different financial solutions are releasing amazing opportunities to their users. Its also known that scalability is one of the major problems crypto enthusiasts faced when dealing with transactions within networks (Ethereum), this makes crypto enthusiasts seek a network that exposes them to multiple asset transactions at a low fee, high speed and highly secure.
Persistence One Building the Bridge
Persistence is a multi-chain protocol that gives a sovereign environment to facilitate the creation of next-Gen financial products. The chain follows DPOS (Delegates Prod-of-Stake) but not on the Ethereum network rather the chain runs the Tendermint PBFT consensus algorithm.
Persistence has recorded great achievement within few periods of its launch and has four products that grow its ecosystem and increase interactions on its network by the community members.
4 Persistence Products
1. pStake
This is a platform where people can unlock the liquidity of staking assets. It is simply a liquid staking application t unlock liquidity which allows stakers to generate higher returns. On pStake App, you can stake your assets in others to earn staking rewards and also receive 1:1 pegged staked representative tokens. The token received can thereby be used in decentralized finance to generate another reward (farming).
Check pStake.Finance for more information
2. Audit One
This is a leading validator on Cosmos, Terra, Skale & many more networks. A platform or product that unrivalled enterprise-grade infrastructure for DPOS.
Check more info Audit.One
3. COMDEX
This is a decentralized commodities trading solution that facilitates the end-to-end trade cycle including trade discovery, settlement and financing. Trading in crypto space is important and Comdex vision is to revolutionize the rudimentary process of global commodity trade to minimize settlement times & maximum efficiency, transparency, and immutability in trade.
Check more info Comdex
4. Asset Mantle
This is a product that focuses on NFTs in conjunction with Internft check this as this enables the creation of a customized marketplace.
The month of August/September 2021 experienced huge achievements within the Persistence community as several milestones were reached across all the products and the use cases make the network stable and health price action on $XPRT which is the utility token of the network.
As a crypto enthusiast, take a moment to check Persistence Website and leverage on the important announcements, information and products that open you to passive returns on the network.
DeFi is a way to go, provided you are able to discover the real gem.
Disclaimer: I am not a financial advisor, all the information shared is a guide for your personal research and follow your heart in your dealings.
Official Links
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