Persistence One – Cosmos Liquid Staking & Restaking
Why you should listen Persistence One is one of the first Cosmos app chains and has been relentlessly building at the edge of the Proof-of-Stake landscape since 2019. Ehile staking attracts a large number of participants...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Persistence One is one of the first Cosmos app chains and has been relentlessly building at the edge of the Proof-of-Stake landscape since 2019. Ehile staking attracts a large number of participants in their pursuit to earn rewards and provide better network security, significant potential TVL and activity have been siloed away from the DeFi landscape into PoS. Reversely, the emergence of DeFi has highlighted the limited utility that staked assets provide compared to the composability and financial opportunities available in the vibrant DeFi space, thereby taking away from the attractiveness of staking to secure the chain. Liquid Staking solves this problem, enabling users and their additional liquidity to enter DeFi by allowing PoS token holders to stake and participate in DeFi at the same time. Liquid stakers receive liquid-staked representative tokens that can be used across DeFi ecosystems, while earning rewards from their underlying staked tokens and supporting the underlying networks. As Liquid Staking becomes more broadly adopted, users are looking for opportunities to put their Liquid Staked Assets to good use and generate more yield. Persistence aims to make that user journey as smooth as possible by offering a wide array of use cases within the ecosystem.
Supporting links
Bitget VIP Link with BONUS 1000 USDT
If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.
ADVERTISEMENT
Advertise with BNC
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Brave New CoinRelated market context
Bitcoin hedge funds face a liquidation trap when their collateral is split across markets
Here's a hypothetical situation: a hedge fund is making money, but one of its exchanges is about to liquidate its position anyway....
Some Aave loans sit near liquidation with collateral that can take hours to cash out
Some Aave loans backed by yield-bearing collateral had narrow liquidation buffers in LlamaRisk’s Oct. 9 snapshots. Every top PT-AU...
Liquid Bitcoin Redemptions Remain Frozen With 85.8% Reserve Coverage
The reserve gap is about 603 BTC. Liquid says peg-outs require full backing and completed security reviews before they can restart...
Liquid Network at 86% Backing as Bitcoin Redemption Freeze Drags On
It has been 35 days since an attacker exploited a vulnerability in the Liquid Network’s Elements software, draining nearly 4,000 B...
CFTC proposes new swap definition to regulate prediction markets
The CFTC's proposal could redefine prediction markets' regulatory landscape, impacting their growth, jurisdiction, and operational...
Trader nets $1.28 million on new 1,000x exchange Papertrade by moving Hyperliquid’s ETH prices
The same wallet later lost $450,000 when 30 short positions were liquidated on Saturday night after staying open for more than thr...