Persistence

What is Persistence?

Persistence, also known as Persistence One, is an interoperable blockchain network focusing on financial products and Decentralized Finance (DeFi). Persistence is a Proof-of-Stake (PoS) protocol built using Tendermint and the Cosmos SDK.

Persistence intends to provide infrastructure to bridge the gap between traditional institutional finance and DeFi. In July 2021, Persistence introduced pSTAKE, a platform offering liquid staking products. Further financial products have been and will be launched on Persistence, ranging from lending to asset tokenization, NFT applications, and more.

XRPT is the native cryptocurrency of the Persistence ecosystem used for on-chain activities like chain security, decentralized governance, Liquid Staking and Restaking incentivization, as well as paying for transaction fees on Persistence One.

What is Persistence staking?

Staking is a great way for long-term crypto investors to earn passive income on their Proof-of-Stake cryptocurrency assets (such as XPRT) while taking part in securing the network.

Stakers, by delegating tokens to validators, give voting rights to these to validate transactions on the blockchain and propose new blocks. The more stake is attributed to a validator, the more it will be able to take part in the network consensus and earn rewards for its stakers.

A quick example: Suppose a blockchain network offers a 5% reward rate for a staking period of 1 year (5% APR). You decide to lock up and stake 100 tokens on the network. After a year, you can access your staked tokens and receive five additional tokens as your reward – minus eventual fees charged by the staking provider.

Staking Proof-of-Stake (PoS) cryptocurrencies such as XRPT does not require stakers to transfer their token to validators. It is a non-custodial process.

Why is Stakin a great choice for Persistence (XPRT) staking?

Staking your assets on your own is operationally challenging as it requires specialist expertise to set up nodes and ensure constant uptime to maximize rewards or prevent so-called slashing: partial loss of your staked cryptocurrencies due to prolonged downtime, or inappropriate/malicious behavior by the node operator.

Stakin is an excellent choice for staking your Persistence (XPRT) tokens, as we have a strong expertise and track record of reliable operations on this network. Stakin has been selected to be part of Persistence’s Foundation delegation program. We are highly experienced in running validators for Cosmos SDK blockchains and Proof-of-Stake blockchains alike, currently supporting 20+ Cosmos networks.

There are several advantages when staking your Persistence (XPRT) tokens with Stakin, such as:

• Triple AAA-rated institutional staking provider by Staking Rewards

• ISO 27001 certified staking provider

• Tracking dashboard, to easily track and generate reports for the performance of your staked assets

• Reliable infrastructure - We distribute our servers across various geographical locations and partner with premier bare metal and cloud providers

• RPC nodes and IBC Relayers connecting the IBC ecosystem of networks together (as a community contribution)

• Dedicated support for all your staking, unstaking, and network-related questions

• Institutional grade SLAs with uptime and slashing guarantees

What kind of institutional services does Stakin offer for Persistence (XPRT) Staking?

As an institutional-grade Persistence node operator, Stakin has a full range of staking services and advantages to cater to the needs of enterprises and investors, such as asset managers, company treasuries, exchanges, VCs and hedge funds, wallets, custodians, and liquid staking services.

• Institutional grade SLAs with 99.5%+ uptime and slashing guarantees

• Integration with custodians, such as Fireblocks (via raw signing)

• Dedicated Account Manager to answer all your technical and commercial questions

• Custom integrations and solutions such as custom performance reporting via API or CSV with the possibility to match your backend requirements

• Whitelabel and dedicated nodes with dedicated infrastructure that can be deployed in your preferred region to fit decentralization or compliance needs

• Automated commission and reward management with clear reporting

• 24/7 monitoring and alerting with a private dashboard for dedicated and Whitelabel nodes

• Free premium access to Stakin Dashboard which includes staking data visualization across any validator, and premium historical data features (on selected networks)