PERSISTENCE: PERSISTENTLY PRESENT

Persistence is an interoperable protocol linking the creation of futuristic financial products, with the framework to effectively bridge the realms of DeFi and traditional finance in a variety of areas. Persistence is providing the infrastructure for the creation of a suite of bleeding edge financial products ranging from NFT marketplaces and tokenized ‘real-world’ debt trading platforms to staking-as-a-service infrastructure

Lets talk about the structures and frameworks that make Persistence tick.

Asset Mantle

A burgeoning framework for NFT marketplaces, Asset Mantle will provide all of the elements required to create individual NFT marketplaces, supporting various NFTs, from NBA ticket collectors' item to Eminem's album stickers, all interoperable, meaning each NFT can be viewed in different blockchains, example Ethereum and Binance. This is achieved with the interNFT module in the backbone and is necessary as the broader crypto ecosystem continues to expand, the need for assets that can flow between different ecosystems is becoming increasingly important.

Asset Mantle will allow the creation of dedicated marketplaces for selections of products from specific sellers or groups of sellers, setting it aside from competitors like Rarible and OpenSea.

Though Asset Mantle is also perfect for creating agnostic marketplaces, its unique value proposition is that anyone will be able to create their own marketplaces. Shopify is known for its openness to customization unlike Ebay, so Asset Mantle is ‘Shopify for NFTs’; instead of listing products on an ‘Ebay for NFTs’ (such as Rarible), entrepreneurs and artists will be able to create their own Shopify-style stores for their specific NFT assets.

There is behind-the-scene work with other innovators within the Cosmos ecosystem to bring Asset Mantle to fruition. The development of Asset Mantle is well underway, with a prototype product already live. Expect to hear more about Asset Mantle in the coming weeks and months

PStake

Remember Lido? It is an Ethereum Liquid Staking Protocol, built on Ethereum 2.0's Beacon chain, allows their users to earn staking rewards on the Beacon chain without locking Ether or maintaining staking infrastructure. Now with the ever increasing demand for additional yield generation from stake Persistence has creatin pStake. pStake is essentially a liquid staking product similar to Lido but like all Persistence products, is well versed in interoperability. pStake will allow the issuance of representative tokens (stkTokens) on Ethereum which are backed 1:1 by those staked assets. By doing so, illiquid staked ATOMs can be converted to liquid representative ERC20 tokens that can be utilized within the vast DeFi ecosystem on Ethereum. This is in opposition to illiquid tokens like say Atom. 

Comdex

Like a trademark Persistence MVP, Comdex, an institutional-facing commodities trading and trade financing platform, is the flagship DApp in the Persistence ecosystem.

On the product side, the Persistence team began with a focus on the commodity trading industry. The commodity trading industry is very archaic and exclusive, mainly due to the limited avenues to create auditability, ensure trust and provide liquidity. Comdex solves these issues through blockchain integration and is already gaining traction, having handled over $55M in transaction volume so far — bringing more assets on chain than its (longer-established) competitors combined.

Plend

Imagine a very liquid platform stablecoin lender backed by real-world assets. Welcome to Plend. It will enable stablecoin holders to supply liquidity to pools to support operations on Comdex, thereby producing returns for stablecoin holders from real-world income generating assets

Audit.One

Remember WarOnRugs? Well, Persistence has an auditing MVP in its armory in the shape of Audit.One. It provides top-tier validation services for leading PoS networks by utilizing highly secure Tier 3 and Tier 4 data centers across multiple geographical locations clubbed with a multi-cloud architecture. Persistence validation infrastructure is quickly becoming an integral component of the broader PoS ecosystem.

AUDIT.one currently has over $120M in assets under management across nine networks (Cosmos, Terra, Matic Network, NEAR, IRIS, Kava, Skale, Marlin, and Celo) with support for further networks underway. These include Polkadot, Tezos and Ethereum 2.0.

StakeDrop

With StakeDrop, LP stake tokens with the AUDIT.one validator and ultimately earn XPRT, with 1% of XPRT total supply at genesis for StakeDrop.

1,000,000 XPRT tokens will be distributed to stakers of some of the most prominent dPoS/nPoS networks. Learn more

PERSISTENCE RESOURCES

 About the Author

Bitcointalk Username: Jaered

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Persistence address: persistence1xqh2pqfzngs7kg63grwz7dh5dn43dqtd4u75ma

USDT address: 0x81e654e6378192feF40b64508D852BB11E9ACF78