Persistence

Utilizing real-world assets like invoices as collateral, Persistence streamlines the borrowing of cryptocurrency assets and stablecoins. The platform uses elements of decentralized finance (DeFi) to solve financing problems.

Introducing Persistence

The layer 1 network is Tendermint/Cosmos-based, and it powers a group of DeFi products for making liquid staked assets become the PoS economy's default assets. Persistence is an interoperable protocol offering developers the ability to create applications that are sovereign, modular, or even built atop its CosmWasm layer. Persistence's native token is XPRT.

Its core mainnet is a Proof-of-Stake chain that is powered by Tendermint BFT consensus engine. The multichain tech stack supports Cosmos, Ethereum, and other Tendermint-based chains and enables developers to make DEXs, marketplaces, lending/borrowing platforms, and more. The platform is also working on making interchain NFT plus Metadata standards, including Proof-of-Stake networks and foundations.