TL;DR —
Persistence is a layer-1 Tendermint/Cosmos-based blockchain network that aims to build an economy around liquid-staked PoS assets. Liquid staking is a process that unlocks the liquidity of staked assets without unlocking the actual asset. Persistence users to stake digital assets and receive stkASSETsASSkETs stkETHs. This is a tokenized derivative, formally called derivatives, which can be used across the DeFi ecosystem for various other investment opportunities.
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Written by
@danstein
Editor at the Startup Thread
Topics and
tags
tags
liquid-staking|defi|decentralization|finance|business|interview|business-strategy|growth-hacking
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