Persistence Community Newsletter #24

News Lead

Published on: 05.10.2022

Persistence Community Newsletter #24, covering key highlights from September across the Persistence ecosystem, with updates across the board.

Major Highlights

The Persistence team attended Cosmoverse 2022 in Medellin, Colombia from September 26 – 28. Jeroen Develter, Business Development Lead, was featured as a keynote speaker at the event. They also had own booth and networking lounge, inviting all Cosmonauts and community members to connect with us on site and ask questions.
Proposal #7 for the Persistence Core v3 upgrade was successfully passed with 100% yes votes, allowing team to move forward with a successful chain upgrade for the release of the Persistence Core-1 chain’s v3.1.1 launch.
Persistence attended Mainnet 2022 in New York City as a platinum sponsor. They made waves during the event and had a blast with the community at our exclusive booth.

Persistence Community Newsletter #24 – Key Releases

Persistence x Axelar Partner to Implement Cross-chain Messaging: Persistence and Axelar formed a new strategic partnership to enable cross-chain messaging between Persistence and EVM-based chains and ERC-20 stablecoin bridging, widening the realm of possibilities across both ecosystems.
A Letter to the Cosmos Community – From pSTAKE: The pSTAKE team wrote an open letter to the Cosmos community outlining their thought process and development status for the stkATOM liquid staking product launch on the Persistence Core-1 chain.

Ecosystem

Cosmoverse hosted a Twitter Space with Abhitej Singh from the Persistence team on cross-chain messaging and liquid staking, diving deeper into these two topics to set the stage for them at the event.
Stakely and Kleomedes became Persistence validators, becoming integral components of ecosystem to help provide security to the Persistence Core-1 chain. In addition, Stakely enabled the REStake app to allow users to delegate to Stakely. To auto-compound their XPRT staking rewards via the app.
Persistence released a postmortem report on the Persistence Core-1 chain halt during the v3 upgrade. Detailing things that went well, challenges, lessons learned, key players in assisting with the chain’s recovery, and the timeline.
pSTAKE released a thread announcing the steps towards the launch of stkATOM on the Persistence Core-1 chain, highlighting the journey from the beginning and plans for next steps to create a successful product for the Cosmos community.
Cosmoverse interviewed Persistence’s Jeroen Develter in a YouTube interview to discuss the safety and decentralisation of liquid staking.
Leap Cosmos Wallet added support for Persistence, enabling lucrative features such as a portfolio overview, IBC transfers, governance, staking, connecting to a Ledger device, and more via its user interface.

About Persistence

Persistence is building an ecosystem of financial products, focusing on both institutional and crypto-native use cases.
It is leveraging blockchain technology to facilitate seamless asset exchange. Persistence aims to enable and create a suite of bleeding edge financial products in niches. Ranging from staking-as-a-service and tokenized ‘real-world’ debt to digital art.

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