Tushar Aggarwal, Abhitej Singh, and Mikhil Pandey from the Persistence team come from an India tech background and have led efforts behind Cosmos India. In this episode, they cover a wide variety of new cross-chain Defi instruments that they’re launching for Cosmos and Ethereum. They announced a “stakedrop” to ATOM and XPRT holders where pATOMs were issued to users who had had their ATOMs staked at a given snapshot in time. We discuss the pSTAKE token at length, which acts as a staking derivative of otherwise illiquid staking tokens, e.g. ATOM. Staking derivatives are the next frontier we’re breaking through in the Proof-of-Stake, creating new liquidity out of otherwise bonded assets which will allow you to compound your staking rewards for greater Defi yields. You’ll get a crash course on these new Defi primitives that Persistence is bringing to the Interchain.
Support this podcast by steaking with Interchain.FM🥩 on Osmosis and Umee!
đź“şWatch the full episode on YouTube:Â https://youtu.be/vr1d1_Yyr5Y
đź”— Useful Links đź”—
â–şWebsite: https://persistence.one
â–şTwitter: https://Twitter.com/PersistenceOne
â–şTelegram: https://t.me/PersistenceOneChat
â–şDiscord: https://discord.gg/SaBKpjbnhH
â–şpSTAKE Website: pstake.financeÂ
â–şApp: app.pstake.financeÂ
â–şAirdrop: airdrop.pstake.financeÂ
â–şTwitter: https://twitter.com/pstakefinance
â–şTelegram: https://t.me/pstakefinancechat
â–şWork on NFT standard and foundation of Asset Mantle: https://interNFT.org