InfStones joins interoperable blockchain protocol Persistence as validator
InfStones, a blockchain infrastructure service provider, announced today it has partnered with Persistence, an interoperable blockchain protocol. InfStones will be joining the Persistence mainnet as a validator in order to provide staking services to the community.
“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.”
– Tushar Aggarwal, Co-Founder & CEO of Persistence
What is Persistence?
Persistence aims to stimulate liquidity and enable seamless value exchange. Persistence is bringing different asset classes into its blockchain platform through its products and services which include — Proof-of-Stake assets (pSTAKE), Commodities synthetic assets (Comdex), & NFT assets (Asset Mantle).
Persistence’s core mainnet is a Proof-of-Stake chain powered by the Tendermint BFT consensus engine.
Setup as a multi-chain DeFi ecosystem, the Persistence 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.
pSTAKE
Recently, the Persistence team launched pStake, a liquid staking solution designed for stakers and delegators on Proof of Stake networks.
pSTAKE is a liquid staking solution protocol that unlocks the true potential of PoS tokens by unlocking the 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.
Last month, pSTAKE launched on the Persistence mainnet and completed the beta release of Cosmos ATOM support, with more networks and incentives coming soon.
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Text source: CryptoNinjas
