DeFi Sparks Podcast

Power of Persistence: A Staking & Restaking Hub for the Cosmos

April 01, 2024 Mikhil Pandey Episode 31
DeFi Sparks Podcast
Power of Persistence: A Staking & Restaking Hub for the Cosmos
Show Notes

Persistence provides staking, liquid staking, and now, restaking services for the Cosmos ecosystem. The protocol is comprised of two components, in pSTAKE, the liquid staked asset hub, and DEXTER, a DeFi application with LST and yield-bearing token use-cases. 

The Cosmos ecosystem surprised some when the likes of Celestia were introduced last year, bringing attention back to the sector. Cosmos and Tendermint provide infrastructure that allows appchains to have more sovereignty, as seen with the migration of dYdX. In this podcast, our Founder and CEO, Nick Drakon, sits down with Mikhil Pandey, Co-Founder and CSO at Persistence Labs to discuss everything Persistence, Cosmos, Parallelized EVM chains, and more.

πŸ”— Useful Links πŸ”—
Persistence Project Breakdown FREE πŸ‘‰ https://revelointel.com/project-breakdown/persistence/
Access our 500+ Page Annual Intel Report FREE πŸ‘‰ https://revelointel.com/free
Join FREE Telegram channel "Daily Intel" πŸ‘‰ https://t.me/dailyintelrevelo
Sub to FREE newsletter "The Daily Bolt" πŸ‘‰https://revelointel.substack.com/
Revelo Intel Twitter πŸ‘‰ https://twitter.com/ReveloIntel
Nick Drakon Twitter πŸ‘‰ https://twitter.com/NickDrakon
Defi Sparks Podcast Twitter πŸ‘‰ https://twitter.com/DefiSparks

πŸ”— Project Links πŸ”—

Persistence Website  πŸ‘‰ https://persistence.one/
 Persistence Twitter πŸ‘‰ https://twitter.com/PersistenceOne
 Mikhil Twitter πŸ‘‰ https://twitter.com/PandeyMikhil

⏲ Time Stamps ⏲

0:00 - Intro 
01:37 - What is Persistence?
08:57 - Restaking & Next Steps
15:46 - Impact of Cosmos Ecosystem on Persistence
23:17 - $XPRT: Past & Present
28:05 - Role of Governance in Persistence
32:20 - Future Plans
37:45 - Parallelized EVM
39:18 - Evolution of Chains
41:38 - Parallelized EVMs' Role in Onboarding New Users
43:47 - Persistence Long-term Plans

πŸ“œ Disclaimer πŸ“œ

This video is for informational purposes only. Nothing contained shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial adviser or registered investment adviser. Trading cryptocurrencies poses considerable risk of loss. 

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