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Persistence is a decentralized Tendermint-based specialized Layer-1 blockchain that runs an ecosystem of DeFi applications aimed at releasing the liquidity of staked assets.
Persistence aims to be a genuine liquid staking hub, delivering a smooth and capital-efficient staking plus DeFi journey for Proof-of-Stake (PoS) users, while giving developers the ability to create new tools using liquid staked assets.
The Persistence Core-1 chain enables the creation and rollout of liquid-staked stkASSETs through pSTAKE, so users can collect staking rewards while taking part in DeFi activities like borrowing & lending and providing liquidity on Decentralised Exchanges. With CosmWasm already enabled, the core-1 chain also supports the deployment of Dapps through Smart Contracts.
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