The Influence and Innovation of Persistence in the Cosmos Ecosystem

Persistence is one of the earlier application chains in the Cosmos ecosystem to enable IBC, CosmWasm, and liquid staking modules. By focusing on POS and liquid staking-related products, it has built a complete liquid staking and re-staking architecture for the Cosmos ecosystem.

Recently, the Cosmos community voted to allocate 600,000 ATOM to pSTAKE for liquidity staking growth, and pSTAKE will share 15% of its liquidity staking income with Cosmos Hub. This decision highlights Persistence's important position in the Cosmos ecosystem.

Overview of the Persistence Ecosystem

According to official data, the TVL of the Persistence ecosystem is approximately $14.78 million, with an IBC trading volume of $15 million in the past 30 days and an average transaction cost of less than $0.005. The data shows that Persistence has established 121 channels with 44 other zones in the Interchain network, demonstrating its high interconnectivity.

Currently, 74.7% of the network token $XPRT is staked, with an annualized yield of 16.7%. The high staking rate indicates strong security and active participation in the network. The infrastructure of Persistence consists of 6 nodes and 100 validators, ensuring the decentralization and security of the network.

In the last 24 hours, the IBC trading volume of Persistence was approximately $260,800, with 4,955 transactions, including 616 IBC transactions. There were 932 active addresses and 86 active IBC addresses. Notably, the IBC inflow has consistently exceeded the outflow, indicating that more and more value is flowing into Persistence and participating in staking.

Technical Support and Interoperability

Persistence supports the CosmWasm framework, allowing developers to write secure and interoperable smart contracts using the Rust language. DApps developed based on CosmWasm can operate across chains via IBC, providing convenient, secure, and efficient technical support for liquid staking.

Through IBC, Persistence has connected to 54 Cosmos application chains, enabling trustless communication, transfer, staking, and re-staking of tokens. Additionally, leveraging the Interchain Accounts (ICA) technology, Persistence has achieved ICA Liquid Staking, enhancing the efficiency and flexibility of staking and re-staking.

Liquid Staking and Network Security

In the Cosmos ecosystem, liquid staking involves two roles: validators and delegators. Stakers can choose the validator nodes to delegate to, while validators are responsible for running the hardware and blockchain applications based on the Cosmos SDK, reaching consensus with other validators, and proposing and validating new blocks on the chain.

To maintain network security, the Cosmos ecosystem has established a penalty mechanism. If a validator engages in improper behavior, the delegated stake of the delegators may be reduced by 0.1% to 5%. This mechanism prevents malicious behavior through economic incentives and potential penalties, with validators and delegators sharing the responsibility to maintain network efficiency and security.

pSTAKE Staking Platform

pSTAKE provides a streamlined staking process for the Cosmos ecosystem. Users only need to select the token to be staked and the chain to stake on, and they can proceed with the staking. After staking is completed, users will receive the corresponding staking rights tokens, such as stkATOM for staking ATOM.

The features of pSTAKE include:

1. Automatic Compound Interest: Taking stkATOM as an example, the daily staking rewards will automatically enter the staking, continuing to earn rewards.
2. Flexible Unstaking: Users can choose to wait 21-25 days to unstake, or pay a 1% fee for a quick unstaking.
3. Diversified Staking Assets: Supports staking of various tokens such as ATOM, OSMO, DYDX, STARS, HUAHUA, etc.

Staking Derivative Products

Persistence and the Cosmos ecosystem have launched various stk asset derivative products. For example, on certain DEX platforms, users can directly exchange stkATOM for ATOM without the need to unstake or pay additional fees. Furthermore, the combination of stk assets and native assets can be used to add liquidity in DEXs, yielding higher returns.

$XPRT Staking

As an independent blockchain, Persistence also requires staking to enhance network security. Users can conveniently stake $XPRT on the official Persistence site or certain wallets and choose a validator node for delegation.

Staking Security Assurance

Persistence and pSTAKE are both open-source programs, which are an important guarantee of security. At the same time, they collaborate with several well-known security organizations to provide comprehensive support for the security of staking and re-staking.

Re-staking Innovation

Persistence is building a Restaking infrastructure in Cosmos, allowing users to deposit liquid staked tokens into Persistence for re-staking assets while earning additional rewards.

The re-staking alliance is developed based on the Alliance module, forming mutually beneficial relationships between different blockchains. Alliance members share staking rewards, and the reward weight of each asset is determined through decentralized governance. This mechanism creates a cross-chain interest community, which is beneficial for enhancing the security and decentralization of the Cosmos ecosystem.

Re-staking rewards come from the proportionate minting of native tokens based on locked tokens and staking, with the rewards distributed to the original stakers. This mechanism further strengthens the security and liquidity of the Cosmos ecosystem.

Summary

Persistence provides an effective and secure economic infrastructure for the Cosmos ecosystem, gradually deepening its influence within the ecosystem through liquid staking and innovative re-staking solutions. Its innovations not only enhance the security guarantees of related chains but also improve the overall level of decentralization in the ecosystem, laying a solid foundation for the long-term development of the Cosmos ecosystem.