Persistence (XPRT) Staking

How to Stake XPRT

1. Navigate to https://wallet.keplr.app/

2. Click the Search Chains field and type Persistence

3. Click Persistence

4. Click Stake

5. Click the Search for validator field and type Coinage x DAIC

6. Click Coinage x DAIC

7. Click Stake

8. Click the Amount field, enter the number of XPRT tokens you want to stake

9. Click Stake

10. Approve the Keplr wallet transaction pop-up

11. Congratulations! Your XPRT tokens have been staked

About Persistence (XPRT)

Persistence is a specialized blockchain platform built on the Cosmos SDK, focusing on creating a decentralized liquid staking ecosystem. It addresses the core challenge of Proof-of-Stake (PoS) blockchains: the trade-off between staking tokens for network security and utilizing them in decentralized finance (DeFi) applications. By enabling liquid staking, Persistence allows staked assets to remain active within the network while being available for use in various DeFi protocols, thereby enhancing capital efficiency and user flexibility.

The platform's native token, XPRT, serves multiple functions, including securing the network through staking, participating in governance decisions, and facilitating transactions within the ecosystem. Persistence's infrastructure supports interoperability across multiple blockchains, leveraging the Inter-Blockchain Communication (IBC) protocol to enable seamless asset transfers and interactions within the Cosmos ecosystem.

What Makes Persistence Special?

Persistence distinguishes itself by pioneering liquid staking solutions that unlock the liquidity of staked assets, allowing them to be utilized in DeFi while still earning staking rewards. This approach mitigates the opportunity cost associated with traditional staking, where assets are typically locked and inaccessible for other financial activities.

The ecosystem encompasses several key components:

• pSTAKE Finance: A multichain liquid staking protocol enabling users to stake assets from various PoS networks and receive liquid-staked tokens (LSTs) in return. These LSTs can be deployed across DeFi platforms to maximize yield opportunities.
• Persistence DEX: Formerly known as Dexter, this decentralized exchange facilitates the trading of LSTs and other assets within the Persistence ecosystem, enhancing liquidity and providing users with more avenues to engage in DeFi activities.

Additionally, Persistence is exploring the integration of Bitcoin into its ecosystem through wrapped Bitcoin (wBTC), aiming to bring yield opportunities to Bitcoin holders and further diversify the assets available within its DeFi landscape.

By focusing on liquid staking and fostering a comprehensive ecosystem of interoperable DeFi applications, Persistence is at the forefront of creating a more flexible, efficient, and accessible financial environment for users and developers alike.

Links:

• Website
• Github
• Blog
• Explorer
• Twitter
• Discord
• Reddit

Learn More About Persistence

• Documents

Persistence Staking FAQ

How much can I make staking XPRT?

The return from staking XPRT varies based on the network's overall staking participation and specific validator commission and protocol revenue share.

How do I receive my XPRT rewards?

XPRT rewards need to be claimed. Visit the Keplr dashboard to claim your staking rewards

When can I start earning rewards with XPRT?

You can start earning staking rewards once your tokens are successfully delegated to a validator

Can I sell XPRT while it is locked up?

Staked XPRT tokens cannot be sold, they need to be unstaked first. The unstaking period for XPRT is 21 days

What are the risks around staking XPRT?

Staking XPRT comes with risks like slashing (penalty for the validator), price volatility, and liquidity risk (inability to sell during the lock-up period).

What consensus algorithm does Persistence use?

Delegated proof of stake

What are the tokenomics of XPRT?

Read all about XPRT tokenomics here