The growth of Decentralized financial has given ways and opportunity for crypto enthusiast and investors to earn mutiple rewards on their investment. As the awareness of crypto earning continue grow, so are new project spring up with the intiative of solving One problem or another.
The Total value locked (TVL) has become the most common metric used to measure the growth of the decentralized finance (DeFi) industry, an has been transending over the years, in February 2021 the total TVL hits about $1 billion and on a monthly basis the figure continue to incredible increase. Persistence network tend to fall into the newly established project category and the month of September 2021 was tremendously remarkable.
About Persistence Network
Persistence is an ecosystem of multi-chain DeFi products designed to stimulate global liquidity and enable seamless value exchange. Persistence is bringing different asset classes into DeFi through its products – Proof-of-Stake assets (pSTAKE), Commodities synthetic assets (Comdex) and NFT assets (Asset Mantle).
Persistence’s Core mainnet is a Proof-of-Stake chain powered by Tendermint BFT consensus engine. Persistence multi-chain tech stack (currently supporting Cosmos, Ethereum and other Tendermint-based chains) abstracts away the complexities for developers and enables them to create DEXs, marketplaces, lending/borrowing platforms etc. https://persistence.one
September Activities Highlight
The month of September was marked with remarkable activity on the and
, I would do a little recap of a few of this activities to educate my audience.
- The launch of pSTAKE in conjunction with Alpha finance, the launch started with an airdrop which hits it registration limit within 90 minutes .
- Support of Harkarthon in partnership with Artbasel to encourage the development of the NFT market.
- Crossing a TVL limit of $47million on the Osmosis
- List of XPRT on Kucoin & Huobi
- Received wide media support and was featured in the article Merit for liquidity staking by Cointelegraph.
Other Notable Activities
As the @Cosmos and continue to grow, it's believe that with the like of Tushar Aggarwal *CEO of
team members like Jelfrey Hu, Sandeep Nailwal Jason Choh and with their level of experience the utility token XPRT would hit the top flight in few months. Other achievement Worthy of mentioning includes.
- Interview of Turshar by Brave New coin on crypto Conversation. https://bravenewcoin.com/insights/podcasts/persistence-building-next-gen-financial-products
- Surpassing of 200 transaction on the
network, and over 13,500 wallet created.
- TVL pSTAKE hiting over 10x .
Learn more on
https://persistenceone.medium.com/?p=d2f776b34b56
Conclusion
The development of the Persistence project has received massive support due to usecase and value it tends to offer the #DeFi #DAO and crypto community in general. Keying into such project and bagging some of it's utility token can be one of the ways of taping into the boundless opportunity created. Research is equally a determant when dealing with networks and project kindly do yours. *Comments and contribution will be highly appreciated...