March was monumental for Persistence, with several vital developments in the future of the liquid staking hub of Cosmos. ⚛️

We would like to thank you all for being an important part of our journey during this month. 🤝

The Liquid Staking Hub era is now. 🦾

Let's dive deeper into the significant updates and statistics of the month.👇🏼

🌐 Read the full blog: https://blog.persistence.one/2023/04/04/community-newsletter-30-march-2023/

🧵 Skim through the thread: https://twitter.com/PersistenceOne/status/1643567260752117760

Persistence fam, celebrate the start of DeFi for LSTs on the Persistence Core-1 chain in a Twitter Space with the Dexter team. 🤖

A solid jam-packed agenda you don’t wanna be missing out on:

-> Review March 2023 for the Persistence Ecosystem
-> Tech updates from the Core-1 chain team
-> Getting to know Dexter in-depth & what differentiates it from other DEXs in Cosmos
-> Dexter team's experience of building on the Persistence chain
-> $XPRT liquidity on Dexter
-> How Persistence can be a great ecosystem aka liquid staking hub for other projects to build on top of
-> Get a few community members on stage to share their thoughts and ask questions


📅 1 PM UTC, 6 April 2023

🔔 Don’t forget to set a reminder now: https://twitter.com/i/spaces/1LyxBqrVnDnJN

Look forward to speaking with everyone! 🦾

[Governance]

🚨 Reminder that Proposal #22 is live on the Persistence Core-1 chain for voting.

ℹ️ Topic: Phase 1 Incentives Distribution for bootstrapping $XPRT liquidity

🌐 Proposal link: https://www.mintscan.io/persistence/proposals/22

🗣️ Forum Discussion for Allocation of 1M $XPRT: https://forum.persistence.one/t/bootstrapping-xprt-liquidity-allocation-of-1m-xprt-incentives-proposal-21/197

⚡Tl;dr of Proposal 22:

Spend 500K XPRT in Phase 1 Incentives Distribution as follows:

- Allocate 166,667 XPRT to XPRT/OSMO on Osmosis for 14-day LP bonding over 45 days, targetted to start around 15 April 2023

- Allocate 333,333 XPRT to ATOM/XPRT on Dexter for 7-day LP bonding over 45 days, targetted to start around 1 May 2023

Let’s be sure to vote on this before 13 April 2023 everyone! 🦾

gm everyone! 🦾

On-chain TVL just crossed $4M. 🚀

The recent surge is all thanks to the launch of Dexter on the chain. 🤖

One can currently LP in two pools on Dexter:

⚛️ ATOM/stkATOM Metastable Pool

🦾 ATOM/XPRT Weighted Pool

Dexter & pSTAKE usher in a new era for Liquid Staking UX. One doesn’t need to go to another chain to use DeFi for LSTs, but just simply hop from cosmos.pstake.finance to app.dexter.zone. 🤝

This is only possible on the liquid staking hub of Cosmos. 😎

$XPRT incentives are now live on the $XPRT / $OSMO pool.🦾

🌊 Add liquidity now: https://app.osmosis.zone/pool/15

Persistence's Q1 2023 can be best summarized in a single word—'Rollout'. 🦾

🤝 The launch of pSTAKE 🌊 & Dexter 🤖
🗳️ Major governance proposals
🌐 Foundation Delegation Program
🫂 Ecosystem Integrations in Cosmos

Read through all the key highlights and milestones for the Persistence Ecosystem in this Q1 2023 recap.

👉 https://blog.persistence.one/2023/04/17/persistence-quarterly-recap-q1-2023/.

🗣 Spread the word on Twitter: https://twitter.com/PersistenceOne/status/1648301442565050369

gm Persisters! 🦾

Here's a plan for today👇

Join us with Orbital Command and Dexter teams for a cosmic talk on Liquid Staking in Cosmos at 2:00 PM UTC.

Don't miss out; set a reminder now! 🔔
https://twitter.com/i/spaces/1mnxeRoWjnZKX?s=20

We are hosting our first Discord Office Hours on Monday, 24th April, at 12:30 PM UTC 🕛

Office Hours will be a chill session with the team to discuss product updates, new ideas, feedback from the community, and some alpha 😉

See you here👇

https://discord.gg/vvYJ3jDq?event=1098875832799338606

📣 Persisters, join us in our Discord at 2 PM UTC on 27 April 2023 for the first of many Trivia Thursdays!

Put your Cosmos & Persistence knowledge to the test with fun trivia questions and compete for prizes. 🏆

The Quiz will consist of 2 rounds:

Round 1: 10 multiple choice Trivia questions - 3 winners

Round 2: 10 guess the picture in frame - 1 winner

🦾 Don't miss out on bragging rights. More info here - https://discord.com/channels/796174129077813248/933869239088054322/1100746005495943278

gm Persisters!

Dive deep into the three key aspects of our 2023 Roadmap Update in making Persistence the one-stop shop for liquid staking.🦾

🎯 On-chain Traction
🆕 Expanding the Ecosystem
🛠 Bolstering Infrastructure

ℹ️ Read the full blog: https://blog.persistence.one/2023/04/25/persistence-2023-liquid-staking-roadmap-update/

🗣 Help spread the word: https://twitter.com/PersistenceOne/status/1651216147348439043

[Forum Discussion]

ℹ️ Topic: XPRT Token Economics Improvement Proposal

⚡️Tl;dr: 5 phased approach including:

1. Reduce inflation rapidly
2. MEV capture and distribution
3. Use XPRT to propel ecosystem growth
4. Explore lockup strategies
5. Interchain Security / Mesh Security

🗣Discussion: https://forum.persistence.one/t/xprt-token-economics-improvement-proposal/211/1

Let’s all voice our opinions on such a significant topic.🦾

Persistence Week Review: April 24 - April 30 2023. 🦾
Recap everything that happened in the last week in under 60 seconds. 🤝

1. Key On-chain Metrics

🦾 TVL - $5.11M
🛡️ Bonded Ratio - 80.1%
🛠️ Txns - 36,125
📊 IBC Volume - $1.55M
👝 Active addresses - 2,357
🔁 IBC transfers - 2,232
🌐 Nakamoto Coefficient - 10

2. General Ecosystem 🦾

- 2023 Roadmap Update blog (https://blog.persistence.one/2023/04/25/persistence-2023-liquid-staking-roadmap-update/)
- The Liquid Staking Module by Zaki went live on the Persistence Testnet, a first in cosmos.
- Whale Alert: persistence****fl582e liquid staked 7500 $ATOM on pSTAKE & added ~$173,000 in liquidity on Dexter in just 2 txns, a testament to the UX on Persistence.
- @dneorej will speak at https://gateway.events/ in Prague about using the Liquid Staking Module.

3. Tech 🧑‍💻

- Successful testnet v8 upgrade
- End-to-end testing of LSM & Oracle on testnet
- Impact of LSM on wallets/dApps/governance

4. pSTAKE for Cosmos 🌊

- stkATOM went live as collateral on https://app.umee.cc/#/markets
- The stkATOM Metastable pool on app.dexter.zone/pools crossed $1M in liquidity.
- Leap Wallet support is coming soon on cosmos.pstake.finance

5. Dexter 🤖

- Dexter surpassed $1.5M in TVL.
- Dexter is working on adding Mobile support, Multiple wallet support, Instant LP unbonding, Transaction history page & Analytics.
- A new reward schedule for May 2023 is now live. (https://twitter.com/dexter_zone/status/1652599210473291776)

Persisters! A brand new Persistence sprint is now LIVE on Zealy (earlier Crew3), ready to take you on a wild ride filled with exciting quests, challenges, and a chance to win a share of the 1000 $XPRT reward pool. 🦾

🗓️: 2nd May - 29th May

Participate here 👇🏼
https://zealy.io/c/persistenceecosystem,

Persistence fam! Join us for the Ecosystem Community Call to recap all the exciting updates on the liquid staking hub of Cosmos in April & what’s in store next.

🗓️ 4th May, 1:00 PM UTC
📍https://twitter.com/i/spaces/1OdJrzRpPePJX

Set your reminders now!

[Governance]

Proposal #23 is live on the Persistence Core-1 chain for voting.

ℹ️ Topic: Change in Inflation Parameters (Phase 1 of $XPRT Tokenomics Improvement)

🌐 Proposal link:

Keplr: https://wallet.keplr.app/chains/persistence/proposals/23
Leap: https://cosmos.leapwallet.io/gov/persistence/23
Mintscan: https://www.mintscan.io/persistence/proposals/23

🗣 Forum Discussion: https://forum.persistence.one/t/bringing-forward-the-inflation-halving/212

⚡️Tl;dr of Proposal 23:

At Genesis, the Core-1 chain’s block per year was set based on a 5s block time and an inflation halving event every 2 years. Due to the actual on-chain block time being 6s, this event will occur in early August 2023 (~4 months delay).

However, the current $XPRT inflation has reached its minimum of 25% quite some time back.

Proposed imminent changes in Phase 1 of a larger $XPRT Tokenomics Improvement:

1. Reduce the $XPRT Minimum Inflation to 12.5% from 25%
2. Reduce the $XPRT Maximum Inflation to 25% from 45%
3. Adjust blocks per year to ensure the next halving is ~2 years after (if) the proposal passes

🚨 Persisters, let’s be sure to vote on this significant proposal before 12 May 2023! 🦾

Persistence Week Review: May 8 - May 14 2023. 🦾
Recap everything that happened on the liquid staking hub of Cosmos in under 60 seconds. 🤝

1. Key On-chain Metrics

🦾 TVL - $6.1M (⬆️ 15%)
🛡️ Bonded Ratio - 80.4%
🛠️ Txns - 36,427
📊 IBC Volume - $1.5M
🌐 Nakamoto Coefficient - 10

2. General Ecosystem 🦾

- Prop 23 to change $XPRT inflation parameters passed.
- TFM posted a Persistence Ecosystem overview and how tfm.com/bridge enables Cosmonauts to move liquidity onto the chain. (https://twitter.com/tfm_com/status/1655902213146050560)
- @dneorej joined Axelar’s Twitter Space to discuss Persistence’s plans to use Cosmos GMP. (https://twitter.com/axelarcore/status/1656675402948177921)
- KitKat launched a Mainnet & Testnet $XPRT faucet. (https://kitkat.zone/faucet)
- Another Thursday Trivia was held in our discord. (persistence.one/discord)

3. $XPRT Liquidity 🌊

- https://app.dexter.zone/pools - $233K
- https://app.osmosis.zone/pool/15 - $265K

4. Tech 🧑‍💻

- Started work on cosmos-sdk v47 module refactoring
- Prep for Testnet upgrade underway

5. pSTAKE on Cosmos 🌊

- 400K+ $ATOM has been liquid staked on (http://cosmos.pstake.finance) since launch ~4 months ago.

6. Dexter 🤖

- The Dexter team joined a Twitter Space with Cosmos Club. (https://twitter.com/CosmosClub_/status/1654362461569531904)
- Transactions history went live on the Dexter dApp. (https://app.dexter.zone/transactions)
- Stakely posted a tutorial on how to use Dexter. (https://www.youtube.com/watch?v=YcIFm5y29hM)

Persistence fam! Join us as we explore Replicated Security for the Persistence chain on a Twitter space with Thyborg from Informal Systems.

⏰ 8 pm UTC, 16th May

📍https://twitter.com/i/spaces/1rmxPkeNVOmJN

Are you ready to join Dexter at its base and become a base trooper 🪖

Dexter is now live on Zealy⚡️

Complete quests and earn XP to make your way up the leaderboard 🎖️

For the first sprint, a prize pool of 300 $USDC is up for grabs 💰

Hop on here 👇

https://bit.ly/3Wn7GhP

8 recent Persistence updates you should not be sleeping on👇

1. A 2023 Roadmap Update was posted - https://blog.persistence.one/2023/04/25/persistence-2023-liquid-staking-roadmap-update/

2. Persistence Ecosystem crossed $6M+ in TVL with pSTAKE & Dexter (#14 in Cosmos & #71 overall)

3. Proposal 23 to change $XPRT inflation that reduces new daily issuance by 50% and creates a lower soft max supply was passed.

4. Proposal 21 & 22 passed incentives to bootstrap XPRT liquidity on https://app.dexter.zone/pools & https://app.osmosis.zone/pool/15.

5. The Liquid Staking Module by Zaki went live on Testnet, a first in entire Cosmos.

6. We hosted the very first (of many) Ecosystem Community Call - https://twitter.com/i/spaces/1OdJrzRpPePJX

7. The Core-1 chain team started to explore adopting Replicated Security & joining the ATOM Economic Zone with Informal Systems.

8. By partnering with Axelar on Cosmos GMP, Persistence aims to be the first ecosystem to bring non-cosmos native LSTs like $stkBNB & $stkETH to Cosmos.

Exciting things happeneing on the app chain for all things liquid staking! 🦾

Persistence Week Review: May 15 - May 21 2023. 🦾
Recap everything that happened on the liquid staking hub of Cosmos in under 60 seconds. 🤝

1. Key On-chain Metrics

🦾 TVL - $6.1M

🛡️ Bonded Ratio - 80.1%

🛠️ Txns - 35,889

📊 IBC Volume - $637K

🌐 Nakamoto Coefficient - 10

2. $XPRT Liquidity 🌊

- Dexter - $263K
- Osmosis - $264K

3. General Ecosystem 🦾

- The Persistence Ecosystem crossed $6M in TVL.
- A partnership with Shade Protocol was announced for #stkATOM with two new pools with $ATOM & $SILK.
- Explored Replicated Security & Atom Economic Zone in a Twitter Space with Thyborg from Informal Systems.
- Attended ATOM Dubai in the #RoadtoCosmoverse.
- CosmicValidator covered the Persistence Ecosystem in their latest Cosmos Ecosystem News video.
- Welcomed StakeandRelax as the latest $XPRT validator.

4. Tech 🧑‍💻

- Upgraded testnet with latest fixes
- Worked on upgrading to cosmos-sdk v47
- Worked on pWallet specs & design for LSM support

5. pSTAKE on Cosmos 🌊

- Leap wallet support went live on pSTAKE.

6. Dexter 🤖

- Dexter went live on CoinGecko.
- A proposal to vote on integrating Dexter into Pulsar Finance went live.
- Dexter went live on Zealy with a brand-new sprint.

🚨 Persisters, with 4 new proposals live for XPRT governance, it's voting time!

1️⃣ Prop 25: Change $XPRT incentives for ATOM/XPRT pool on Dexter

2️⃣ Prop 26: Increase stkATOM Instant Redemption fee from 0.5% to 1%

3️⃣ Prop 27: Update pSTAKE on Cosmos revenue address

4️⃣ Prop 31: Change in Governance Parameters—Voting & Max Deposit period

Keplr Wallet: https://wallet.keplr.app/chains/persistence?tab=governance

Leap Wallet: https://cosmos.leapwallet.io/gov

Mintscan: https://www.mintscan.io/persistence/proposals