Persitence's Liquid Staking and Restaking Vision
12 Mar 2024
2 min read
Cosmos since Day 0
Persistence One bleeds Cosmos. The foundational roots of the ecosystem grew from being early supporters (and betters) of Proof of Stake and the app-chain thesis in 2019. Through the multiple ups and downs and cycles of the market, Persistence One’s founding principles have remained as strong as ever.
Persistence One has evolved from one of the first IBC-enabled chains to a leading Layer 1 ecosystem on a mission to maximize yield and security through Liquid Staking and Restaking.
While a LOT has been shipped, Persistence One’s guiding vision has ensured that the ecosystem is constantly moving ahead in the right direction. Let’s dive deeper.
Proof-of-Stake will become the norm
Sovereignty. Flexibility. Adaptability. These three ground-breaking aspects of creating decentralized networks first attracted Persistence One contributors to the vast and beautiful land of the Cosmos. 15.75M+ blocks later, Cosmos sees one of the most significant value creations unfold before Persistence.
In the last year alone, Persistence has seen established projects like dYdX move to a Cosmos app chain. New-era projects like Celestia, Dymension, and Hyperlane have brought a wave of Modularity and significantly newer eyeballs to Cosmos. The earliest Cosmos believers like Akash, Persistence One, Stargaze, and Injective have cemented their positions in the niches they started building. To top it off, Cosmos has become the go-to ecosystem for new-era projects like Eclispse, Initia, Saga, and Babylon to launch.
Liquid Staking and Restaking Path Ahead
By foreseeing the growth of the Proof-of-Stake world, Persistence One has constantly stayed ahead of the curve to predict market demands. Products like pSTAKE Finance and Dexter that solved for niched use cases and empower users with diversified yield opportunities have met these market demands.
Having more DeFi primitives alongside Restaking builds on top of the foundational roots of liquid staking to bring Persistence One’s vision of maximizing yield to life.
Expanding the ecosystem’s security models to BTC (Babylon), ETH (Ethos), Restaking, and more continues to add to Persistence One’s vision of maximizing security.