Persistence: Innovators of Liquid Staking and Re-staking in the Cosmos Ecosystem

Persistence, as an important application chain in the Cosmos ecosystem, continuously innovates in the fields of liquid staking and re-staking, bringing significant impact to the entire ecosystem. This project is not only one of the first Cosmos application chains to utilize IBC, CosmWasm, and the liquid staking module, but also builds a complete liquid staking and re-staking architecture for the ecosystem through its pSTAKE platform.

Recently, the Cosmos community voted to allocate 600,000 ATOM to pSTAKE for liquid staking growth, reflecting the community's recognition of Persistence's contributions. pSTAKE shares 15% of its liquid staking revenue with Cosmos Hub, further strengthening the cooperation between the two parties.

Persistence Ecosystem Overview

Persistence plays a key role in the Cosmos ecosystem. According to official data, its total locked value ( TVL ) reaches 14.78 million USD, with an IBC trading volume of 15 million USD in the last 30 days and an average transaction cost of less than 0.005 USD. These figures highlight the activity and economic benefits of Persistence within the Cosmos network.

In terms of network structure, Persistence has established 121 channels with 44 other regions, demonstrating a high degree of interconnectivity. The network's stake rate reaches 74.7%, with an annualized yield of 16.7%, reflecting users' confidence and participation in the network. Additionally, the infrastructure, composed of 6 nodes and 100 validators, ensures the decentralization and security of the network.

Technical Support and Innovation

Persistence supports the CosmWasm framework, allowing developers to write secure and interoperable smart contracts using the Rust language. This not only improves development efficiency but also achieves cross-chain interoperability of applications through IBC.

Through IBC, Persistence connects 54 Cosmos application chains, laying the foundation for trustless communication, transfer, stake, and re-stake of tokens. At the same time, using Interchain Accounts (ICA) technology, ICA liquid staking has been implemented, further enhancing the efficiency and flexibility of staking and re-staking.

The core mechanism of liquid staking

In the Cosmos ecosystem, liquid staking involves two roles: validators and delegators. Validators are responsible for running hardware and blockchain applications, while delegators choose validator nodes for staking. This mechanism maintains network security and efficiency through economic incentives and penalties.

pSTAKE, as the main product of Persistence, provides users with a simple staking process. After users stake their tokens, they will receive the corresponding staking rights tokens (such as stkATOM). These tokens can be traded directly on DEXs or used for liquidity mining, offering users additional earning opportunities.

Re-staking: Innovations in the Cosmos Ecosystem

Persistence is building a re-staking infrastructure in Cosmos that allows users to deposit liquid staking tokens (such as stkATOM, stTIA, etc.) into Persistence for re-staking. This innovation enables users to earn additional rewards while securing multiple chains.

The re-staking module is developed based on the Alliance module and supports staking requests for multiple assets. By establishing a re-staking asset alliance, stakers of different assets form a community of shared interests, which helps improve the security and decentralization of the Cosmos ecosystem.

The yield from re-staking comes from the proportionate minting of native tokens based on the locked tokens and their staking. This mechanism not only provides users with additional returns but also further strengthens the security and Liquidity of the Cosmos ecosystem.

Summary

Persistence is deepening its influence in the Cosmos ecosystem through its innovative liquid staking and re-staking solutions. These innovations not only enhance the security of the ecosystem and the liquidity of assets but also strengthen the economic ties among participants. With the establishment of the re-staking alliance, Persistence is building a cross-chain community of interests for the Cosmos ecosystem, driving the entire ecosystem towards greater efficiency and security.