PRODUCTS OF PERSISTENCE
The first on the list is pstake
pSTAKE is a liquid staking solution based on the Persistence protocol that establishes liquid staked positions by issuing 1:1 pegged representation against its customers’ staked assets. These staked representation tokens can then be used in a variety of DeFi applications to generate more yield.
To facilitate widespread adoption, pSTAKE was meticulously designed to address difficulties faced by PoS stakeholders and improve the end-user experience.
Unlike most liquid staking solutions now available, pSTAKE uses a dual token paradigm to perfectly mimic the workings of the underlying blockchain network.
stkTOKENs can be utilised in all major DeFi apps thanks to this dual token system (stkTOKENs are representations of staked tokens on the underlying supported PoS network). We won’t delve any farther into this topic because it’s outside the scope of this study.
The pBridge and pSTAKE smart contracts are the two main components of pSTAKE.
pBridge is a proof-of-stake (PoS) network that accepts Ethereum and pSTAKE. pBridge can be used to generate 1:1 pegged ERC-20 wrapped unstaked PoS tokens and stake the bridge’s locked PoS tokens. pBridge is a multi-party computation-based bridge that is secured by some of the leading validators in the Proof of Stake ecosystem.
The fundamental goal of pSTAKE is to increase adoption of staked representative tokens to the point where they are accepted on a variety of DeFi protocols, extending the range of yield-generating opportunities for pSTAKE users.
To achieve this purpose, one of our design goals was to release assets on DeFi mature chains. Because Ethereum is the most widely used and DeFi mature network, it was an obvious choice for the development of representative tokens.
The long-term goal of pSTAKE is to provide a multi-chain product that allows assets to be released on a variety of liquid and mature chains. Asset issuance directly on the Persistence blockchain is one example.
pSTAKE Smart Contracts: On the Ethereum blockchain, pSTAKE smart contracts are in charge of minting and issuing wrapped tokens (pTOKENs) and staked representative tokens (stkTOKENs).
Fungibility
The stkTOKENs that have been issued can be exchanged for cash. To achieve fungibility, assets staked on the PoS network are delegated in a specified proportion to a whitelisted group of validators. The pSTAKE team will initially choose this stake distribution percentage, which will then be governed by the pSTAKE governance token holders.
The ecosystem’s reducing threats effect all stkTOKEN holders. The dangers of cutting are mitigated to a large extent by dispersing delegation among validators.
Over time, pSTAKE will establish an insurance fund, which will be funded by pSTAKE profits, to cover a fraction or all of stakers’ cutting costs in the occasion of a slashing event.
The underlying PoS network’s security
In terms of stake distribution, the protection of PoS networks is heavily reliant on the network’s decentralisation. Most PoS networks aim to distribute more than a third of their stake across as many validators as possible.
The goal of pSTAKE, on the other hand, is to improve the security of the underlying PoS network by whitelisting not just the largest stakeholder validators, but also smaller validators with a track record of consistent performance and uptime, in order to obtain delegations through pSTAKE and further decentralise the network.
Composability
pSTAKE’s dual token feature enables its stkTOKENs to be used in a variety of DeFi protocols, such as DEXs, borrowing/lending platforms, yield maximization protocols, and so on
Governance
When it comes to PoS networks, the most important factor is governance. All of the stakeholders in pSTAKE make decisions about things like fees, extending support for other chains, validator whitelists for delegation, and pBridge validators, among other things.
moving on to ASSSET MANTLE
Asset Mantle is a marketplace for non-financial transactions (NFTs). As a platform, Asset Mantle will provide all of the capabilities required to create various stores. It will also make it simpler to generate (mint) interoperable NFTs that can be moved between different blockchains. Asset Mantle can handle a wide range of NFTs, including digital art and artifacts, as well as tokenized tickets.
Marketplaces that cater to a specific niche
Unlike platforms like as OpenSea and SuperRare (which are consolidated/agnostic marketplaces), Asset Mantle will allow the creation of customised marketplaces for certain merchants or groups of sellers.
Asset Mantle is also great for creating agnostic marketplaces, but it has the added benefit of allowing anyone to create their own. Entrepreneurs and artists will be able to create their own Shopify-style stores for their own NFT assets instead of listing them on a ‘Amazon for NFTs’ (such as OpenSea).
Interoperability
The current reliance on Ethereum by NFT marketplaces is a major issue. As the crypto ecosystem grows, the need for assets that can flow between different ecosystems is becoming more important. Asset Mantle is the answer.
Asset Mantle was created as a result of our interNFT project. Because the platform uses the interNFT module in the background, NFTs created with Asset Mantle will be interoperable, allowing them to convert between the ERC-721 standard and other native NFT standards on other chains; in other words, they will be able to move freely between blockchains (for example from Cosmos to Ethereum).
Asset Mantle is being developed in partnership with other entrepreneurs in the Cosmos ecosystem. Asset Mantle is still in its early phases of development, but it currently has a functional prototype. Expect to hear a lot more about Asset Mantle in the coming weeks and months!
pLEND
pLend is a platform that allows users to lend stablecoins against real-world assets (such as invoices). Stablecoin holders will be able to give liquidity to pools that support Comdex operations, allowing them to profit from real-world income-generating assets.
Thanks to pLend, stablecoin holders will be able to easily participate in the $65 billion global trade financing market. This is a significant step toward bridging the traditional finance (TradFi) and decentralised finance divide (DeFi).
AUDIT.ONE
AUDIT.one is Persistence.one subsidiary that uses highly secure Tier 3 and Tier 4 data centres in different geographic locations, as well as a multi-cloud architecture, to provide top-tier validation services for leading PoS networks.
AUDIT.one was initially released in Q2 2020 as one of the Persistence ecosystem’s validators. As Persistence grew, we noticed a number of critical places where AUDIT.one might help not only Persistence’s chain, but the entire PoS network ecosystem. Our validation infrastructure is quickly establishing itself as a critical component of the larger PoS ecosystem.
AUDIT.one now manages over $120 million in assets across many networks, including but not limited to Cosmos, Terra, Polygon(previously matic), NEAR, IRIS, Kava, Skale, Marlin, and Celo, with support for additional networks in the plans. Among them are Polkadot, Tezos, and Ethereum 2.0.
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