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About the company:
Persistence Labs is the driving force behind Persistence, a specialized decentralized Layer-1 Cosmos/Tendermint blockchain focussed on building the liquid staking hub of the Proof of Stake economy.
Persistence facilitates the issuance and deployment of liquid staked assets through pSTAKE, allowing users to earn network staking rewards and participate in decentralized finance (DeFi) simultaneously thus enhancing capital efficiency.
On top of the Persistence, blockchain lives decentralized applications tailor-made for liquid staked assets: a decentralized exchange, a money market, a yield optimizer, etc. All the ecosystem products are designed to help make liquid-staked assets the default asset class of the PoS economy.
Persistence’s Core mainnet is a Proof-of-Stake chain powered by the Tendermint BFT consensus engine. Persistence’s multi-chain tech stack (currently supporting Cosmos, Ethereum, and other Tendermint-based blockchains) abstracts away the complexities for developers. It enables them to create decentralized exchanges, marketplaces, lending/borrowing platforms, and the like.
Essentially, Persistence Labs is building an ecosystem of multi-chain Web3 products for retail and institutional users on the Persistence Core Blockchain.
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