InfStones Partners with Persistence to Offer Defi to Institutions
InfStones has partnered with Persistence, an interoperable blockchain protocol that aims to revolutionize financial products offered in the blockchain industry. InfStones is joining the Persistence mainnet as a validator to provide staking services to the community. Furthermore, InfStones aims to add value to the ecosystem through collaborative community outreach with the Persistence team, promote product offerings from Persistence, and provide infrastructure service to the community on InfStones unified platform.
“The Persistence ecosystem is growing rapidly and with this expansion, we are dedicated to working and growing our network security. The addition of InfStones to the ecosystem is a long stride in achieving our goal as they are one of the most trusted validators by leading exchanges and networks. This collaboration is the start of long-term mutual growth.” — Tushar Aggarwal, Co-Founder, and CEO, Persistence.
Why Persistence?
Persistence is an ecosystem of multi-chain Defi products designed to stimulate global liquidity and enable seamless value exchange. Persistence is bringing different asset classes into Defi through its products — Proof-of-Stake assets (pSTAKE), Commodities synthetic assets (Comdex), and NFT assets (Asset Mantle).
Persistence’s Core mainnet is a Proof-of-Stake chain powered by the Tendermint BFT consensus engine. Persistence multi-chain tech stack (currently supporting Cosmos, Ethereum, and other Tendermint-based chains) abstracts away the complexities for developers and enables them to create DEXs, marketplaces, lending/borrowing platforms, etc.
The Persistence team recently launched pStake, a liquid staking solution designed for stakers and delegators on Proof of Stake networks.
About pSTAKE
pSTAKE is a liquid staking solution protocol that unlocks the true potential of PoS tokens by unlocking liquidity of staked assets. Token holders of PoS networks can stake their tokens through pSTAKE to earn staking rewards while simultaneously receiving 1:1 pegged representatives, which can be used within various Defi ecosystems to generate additional yields.
pSTAKE has launched on Persistence mainnet and completed the beta release of Cosmos ATOM support on July 12th, with more networks and incentives to be released soon. To learnmore about the Beta release:
https://twitter.com/pStakeFinance/status/1415284993526571008
About Persistence
Persistence is an ecosystem of multi-chain Defi products designed to stimulate global liquidity and enable seamless value exchange. Persistence is bringing different asset classes into Defi through its products — Proof-of-Stake assets (pSTAKE), Commodities synthetic assets (Comdex), and NFT assets (Asset Mantle).
InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.
InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.