Persistence is a Layer-1 network that utilizes Tendermint and is tailored to support an ecosystem of DeFi applications that concentrate on unlocking the liquidity of staked assets. This network enables the issuance and implementation of liquid-staked stkASSETs, which permits users to earn staking rewards while taking part in various DeFi activities such as lending/borrowing and liquidity provisioning on DEXs. The ultimate goal of Persistence is to provide a smooth staking and DeFi experience for PoS (Proof-of-Stake) users, and empower developers to create innovative applications revolving around stkASSETs.
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