PERSISTENCE is a complex ecosystem for creating next-generation financial products

4 min readApr 29, 2021

Hello, friends! Today I would like to devote my review to Persistence, a universal protocol that provides an environment for the development, launch, and operation of decentralized institutional financial applications.

Persistence, using blockchain technology, seeks to combine DeFi with traditional finance for their subsequent application in various fields of activity, as well as facilitate the smooth exchange of assets.

Persistence is a complex ecosystem for creating next-generation financial products designed to operate with cryptocurrency assets, including staking, NFT trading platforms, leveraged markets, and more.

The Persistence team believes that they will be able to significantly bring the moment when blockchains will interact with each other, and NFT will be able to move from one blockchain to another. This will be facilitated by the Persistence SDK, which aims to eliminate all the complexities of using existing blockchains, as well as support and finance asset trading.

The Persistence SDK is a comprehensive set of modules capable of integrating into existing DApps as well as creating new DeFi products. It is characterized by availability, which is expressed in the ability to place goods in the chain in the form of NFT; liquidity; sustainability; innovation. By the way, the Persistence SDK is already used by several third-party development teams.

The Persistence ecosystem involves many products, among which are the following:

♦ ️Comdex is a global blockchain platform for commodity trading and finance, collaborating with small and medium-sized businesses, and is the basis for the Persistence SDK. By tokenizing trading accounts in the form of NFTs, Comdex allows businesses to use them as collateral for loans. This platform has already processed more than $55 million worth of transactions, which significantly distinguishes it from its competitors.

♦ ️pLend is a stablecoin lending platform that allows stablecoin holders to participate in $65 billion in trade finance. That is, thanks to this platform, stablecoin holders can make a profit by providing liquidity to pools on the Comdex blockchain trading platform.

♦ ️AUDIT.one is a company that was created to serve as a validator in the Persistence ecosystem. Over time, it has become useful to the broader PoS ecosystem, including Cosmos, Terra, Matic Network, NEAR, Kava, Polkadot, Tezos, Ethereum 2.0, etc.

♦ ️pStake is a liquid staking product, thanks to which, for example, illiquid staking tokens can be converted into liquid stkTokens ERC20, supported by these assets in a 1:1 ratio and subsequently used, as collateral for borrowing other cryptocurrency assets.

♦ ️Asset Mantle is a platform for NFT trading platforms that supports all types of NFT and facilitates their free movement between various existing blockchains. The uniqueness of the Asset Mantle platform is that it allows you to create your trading platforms for specific NFT assets.

Persistence has its own token — XPRT, which is used for staking, governance, and allows its holders to participate in the distribution of profits from various products in the Persistence ecosystem.

In March 2021, Persistence launched its main network, held a TGE XPRT, and completed token auctions on AscendEx.

XPRT token is currently listed on the AscendEx exchange.

Total Supply: 100,000,000 XPRT

Also, XPRT staking was launched with a reward of 35% per annum. That is, XPRT holders have the opportunity to receive passive income for staking XPRT at 35% per annum during the first year by delegating their tokens to the leading validators in the PoS ecosystem.

In summary, I would like to point out that Persistence is a truly innovative, high-tech ecosystem focused on real assets, NFTs, and their interactions, thanks to which we will be able to witness a completely new generation of blockchains in the near future.

The team does not stop there, but works to create new opportunities in the field of DeFi and NFT, making doing business more convenient and secure.

The Persistence ecosystem is supported by large investors; its partners include Tavis Digital, Arrington XRP Capital, Injective Protocol, Cosmos, INTERCHAIN, SPARK, and many others.