Persistence One is an app chain for Liquid Staking powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets.

Persistence One's vision is to be a one-stop shop for all things Liquid Staking by offering users a seamless Staking and DeFi experience & enabling developers to build innovative applications around LSTs.

Persistence One uses the CometBFT Consensus Mechanism.

Yes, Persistence One is an IBC-enabled chain.

The Persistence One active set consists of 100 validators producing blocks and securing the network.

Persistence Core-1 is one of the most decentralized chains in Cosmos, with one of the highest Nakamoto Coefficient and Network Scores.

Yes, the Persistence Core-1 chain supports CosmWasm, a smart contract platform in Cosmos. CosmWasm currently powers DeFi primitives such as Dexter & bamboo on Persistence Chain.

The Persistence Bridge is a tool that facilitates the bidirectional transfer of tokens, such as $PSTAKE, between the Ethereum network and the Core-1 chain.

XPRT is the native staking token of the Persistence Core-1 chain.

XPRT powers the Persistence Ecosystem—Core-1 chain security, transaction fees, on-chain dApps, IBC hub-routing, and network’s governance.

21 days

The Persistence Network has an on-chain governance mechanism where the community votes for passing proposals, voting on software upgrades, changing consensus parameters and spending funds from the community pool or the ecosystem funds etc. The easiest way to vote currently is via the  Keplr Dashboard.  The community members can also pitch ideas and share suggestions or feedback on the forum.

Currently, XPRT users can provide liquidity on XPRT/OSMO on Osmosis or XPRT/ATOM pool on Dexter.

Keplr, Cosmostation, Ledger, Leap, Coin98, CitadelOne and Frontier are some wallets supporting XPRT.
An integration with Ledger Live is expected to go live in the near future.

Currently, both 118 & 750 coin-type addresses are supported by the Persistence Core-1 chain and will work as normal.
However, we advise users to migrate to the coin-type 118 wallet address as the support for 750 coin-type wallets is proposed to deprecate in December 2024.

Liquid Staking is the process of staking your proof-of-stake (PoS) tokens and receiving a liquid token in return, which can be used in DeFi for trading, liquidity provisioning, lending, or borrowing.

Liquid Staking provides several benefits, including unlocking the liquidity of otherwise locked staked assets, maximising its capital efficiency, and providing greater flexibility and potentially higher returns compared to traditional staking methods. With Liquid Staking, users no longer have to choose between staking and DeFi; they can do both.

Liquid Staking is a fairly novel mechanism and comes with its own set of risks. Some of them include low LST liquidity, LST depeg on secondary markets, smart contract risk, LST integrations’ counterparty risk, governance risk to underlying chain, network centralization risk, custodial solution risk, slashing risk, among others.