$PSTAKE and $XPRT are Poised to Make Persistence the Epicenter for Liquid Staking in DeFi

Across the proof-of-stake (PoS) industry, a vast number of users and protocols have been long reaping the benefits of the PoS consensus mechanism. It is not only an easy and practical way to secure blockchain networks but also a fool-proof way for users to earn high APYs in exchange for their participation via staking. However, the fact that staked assets remain locked for extended periods of time, limits their usability and deters many users from staking altogether. This is precisely why liquid staking as a means of unlocking liquidity of staked assets is being explored within DeFi, and leading the charge in this realm is the Tendermint/Cosmos-based Persistence network. Persistence empowers the creation of an ecosystem of products that help make liquid staking the default form of staking. And with the tokens $XPRT and $PSTAKE at the helm of operations to capture the value of this ever-growing ecosystem, the Persistence network is poised to become the epicenter for liquid staking in DeFi. A Symbiosis Like Never Before As mentioned before, Persistence is a layer-1 blockchain network that aims to build an ecosystem of products to promote liquid staking in the industry. For the uninitiated, liquid staking is a way of issuing tokenized versions or derivatives of staked assets to unlock their liquidity and allows them to be stored, transferred, used in DeFi, or spent just like any other tokens. In this regard, pSTAKE, the signature...