InfStones and Persistence Partner to Provide Defi to Institutions
Persistence, an interoperable blockchain technology that aspires to change financial goods offered in the blockchain industry, has teamed with InfStones. InfStones will be a validator on the Persistence mainnet, providing staking services to the community. Furthermore, InfStones seeks to bring value to the ecosystem by collaborating with the Persistence team on community outreach, promoting Persistence’s product offerings, and providing infrastructure services to the community on the InfStones unified platform.
In His statement, Tushar Aggarwal, Persistence’s Co-Founder and CEO said;
“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.”
Why would InfStones choose Persistence?
Persistence is a multi-chain Defi ecosystem aimed to increase global liquidity and facilitate value exchange. Persistence's products — Proof-of-Stake assets (pSTAKE), Commodities synthetic assets (Comdex), and NFT assets — are bringing multiple asset classes into Defi (Asset Mantle).
The Tendermint BFT consensus engine powers Persistence’s Core mainnet, which is a Proof-of-Stake network. The Persistence multi-chain tech stack (which presently supports Cosmos, Ethereum, and other Tendermint-based chains) abstracts away the difficulties for developers, allowing them to build DEXs, marketplaces, lending/borrowing platforms, and other applications. pStake, a liquid staking solution for stakers and delegators on Proof of Stake networks, was recently released by the Persistence team.
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 learn more about the Beta release:
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 the world’s leading blockchain infrastructure service provider. Founded in 2018, InfStones has offices in Beijing, Silicon Valley, Dallas, and Montreal. The technical team of InfStones is composed of senior engineers and technical experts from well-known companies such as Google, Oracle, Alibaba, and Microsoft. With a team of engineers on two continents,
InfStones is dedicated to bringing down the traditional barriers to connecting with the blockchain, allowing clients to build their applications on many blockchain networks quickly. Currently, InfStones provides services to institutional clients around the globe, supporting over 10,000 nodes on more than 50 significant blockchains.