[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

Persistence Week Review: May 22 - May 28 2023. 🦾
Recap everything that happened on the liquid staking hub of Cosmos in under 60 seconds. 🤝

1. Key On-chain Metrics

🦾 TVL - $6.6M (🆙 8%)
🛡️ Bonded Ratio - 80.1%
🛠️ Txns - 37,276
📊 IBC Volume - $890K
🌐 Nakamoto Coefficient - 9

2. $XPRT Liquidity 🌊

- Dexter - $276K
- Osmosis - $272K

3. General Ecosystem 🦾

- 4 new $XPRT governance proposals went live for on-chain voting 🗳️
- The Persistence website homepage got a fresh look with key metrics like chain TVL & IBC volume 🌐

4. Tech 🧑‍💻

- Prepared IBC go to work with LSM on the chain
- Worked on LSM functioning with persistence-sdk

5. pSTAKE on Cosmos ⚛️

- stkATOM crossed $5M liquidity in Cosmos with Dexter, Osmosis, Crescent, & Shade 🌊
- pSTAKE hosted #stkSPACES 3 with 4 liquid staking DEXs in Cosmos on LST liquidity 💧

6. Dexter 🤖

- Dexter added support for Leap & Cosmostation wallets 🤝
- Dexter joined an AMA with Cosmos Allday

[Ecosystem Partnership]

Persistence is excited to announce SubQueryNetwork as a partner for indexing support 🦾

SubQuery will provide a fast and reliable data indexing service for dApps that are #BuiltOnPersistence ℹ️

Read more 👇🏼

https://blog.subquery.network/persistence-integrates-with-subquery-for-fast-reliable-data-indexing-in-defi/?lng=en

[Ecosystem Partnership]

Expanding the Ecosystem is one of the three critical aspects of the Persistence 2023 Liquid Staking Roadmap 🎯

Today marks an important milestone as we welcome Ledger into the Persistence Ecosystem with native support for $XPRT on Ledger Live 🦾

1.5M+ users can now create an account, send, receive, and stake $XPRT right from the app with private keys secured in their hardware wallet 🛡️

Learn more 👉🏼 https://twitter.com/PersistenceOne/status/1663562412350648325

XPRT incentives for bootstrapping liquidity in the $XPRT / $ATOM pool on Dexter are now live after the passing of Proposal 25 ✅

The pool is incentivized with 333,333 XPRT tokens for 90 days (until 29 August 2023).

https://app.dexter.zone/pools

Catch us in conversation with
@leap_cosmos, the "Super Wallet for Cosmos" ⚛️

📆 Friday, 2nd June, 2 PM UTC

🔔 Don't forget to set up a reminder

https://twitter.com/i/spaces/1ZkKzXLDMXwJv?s=20

Persistence Week Review: May 29 - June 4 2023 ⏪
Recap everything that happened on the liquid staking hub of Cosmos in under 60 seconds 🦾

1. Key On-chain Metrics

🦾 TVL - $7.1M (🆙 7.5%)
🛡️ Bonded Ratio - 81.7%
🛠️ Txns - 29,121
📊 IBC Volume - $1.1M
🌐 Nakamoto Coefficient - 10

2. $XPRT Liquidity 🌊

- Dexter - $312K
- Osmosis - $273K

3. General Ecosystem 🦾

- Ledger joined the Persistence Ecosystem with native $XPRT support on Ledger Live & Ledger by Chorus One validator 🤝
- $XPRT incentives went live on the ATOM/XPRT pool on Dexter after the passing of Proposal 25 🤖
- Rebel DeFi covered the Persistence Ecosystem dApps in his latest YouTube video ℹ️
- @dneorej talked about liquid staking in the latest BareMetal Podcast 🎙️
- A brand new sprint with 1000 $XPRT rewards went live on the Persistence Zealy 🥳
- @xlab_gg conducted a workshop on the LSM at Gateway Conference in Prague 👨🏼‍💻
- Cosmic Validator covered the Persistence Ecosystem in their latest Cosmos Ecosystem News ℹ️
- 4 proposals were passed by the $XPRT governance ✅
- Partnered with SubQuery Network for on-chain indexing 🤝

4. Tech 🧑‍💻

- Launched new testnet
- Prepared for LSM demo at Gateway
- Further work on LSM

5. pSTAKE on Cosmos 🌊

- Crossed $5M in TVU with 497K+ $ATOM liquid staked on pSTAKE 🚀
- The number of stkATOM LPs grew by 3X in May 2023 🌊

6. Dexter 🤖

- A new reward schedule went live on Dexter 🤖
- The Dexter team joined an AMA with Leap Wallet 🐸
- Dexter hinted at something special coming soon 👀

[Governance]

Proposal #34 is live on the Persistence Core-1 chain for voting.

ℹ️ Topic: Additional incentives for XPRT liquidity on Osmosis

🌐 Proposal link:

Keplr: https://wallet.keplr.app/chains/persistence/proposals/34
Leap: https://cosmos.leapwallet.io/gov/persistence/34
Mintscan: https://www.mintscan.io/persistence/proposals/34

⚡️Tl;dr of Proposal 23:

128,700 XPRT from the Persistence Incentivization Multisig (passed in Proposal 21) to the XPRT/OSMO (Pool #15) on Osmosis for 14-day LP bonding over 90 days.

🚨 Persisters, let’s be sure to vote on this proposal before 8 June 2023! 🦾

gm Persisters!

We are thrilled to unveil an exciting partnership with Layer3 to help onboard quest seekers to Cosmos and introduce them to $ATOM liquid staking on Persistence 🚀

Layer3 is an innovative platform that introduces crypto enthusiasts to exciting Web3 projects through captivating quests.

Persistence is the first project in the Cosmos ecosystem to launch a quest with Layer3 🦾

https://layer3.xyz/quests/liquid-staked-atom-with-persistence

GM Persisters! 🦾
Set your reminders for today’s Ecosystem Community Call yet?

⏮️ May 2023 Recap with 40% TVL growth on the chain

🌊 Latest with pSTAKE

🤖 Highlights from Dexter’s base & new Trader Rebate Program

⏭️ Upcoming chain upgrade & what’s ahead in the Ecosystem

Look forward to seeing everyone there! 😎

🗓️ 8 June, 3:00 PM UTC

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

Dexter Tradooor Rebate Program is now live! 🤖🦾

- Traders on the stkATOM/ATOM pool will get a rebate of the standard swap fees of 0.3% and also receive an extra incentive of 0.05% for each trade executed.

- Rewards will be distributed as XPRT tokens airdropped on a daily epoch basis.

- The rebate program will run until a cap of 34,500 XPRT tokens is reached.

🔄 Trade Now: https://app.dexter.zone/rebate-program

ℹ️ Learn More: https://medium.com/dexter-zone/announcing-the-tradooor-rebate-program-1b2c22e2c3aa

On-chain governance has played a vital role in XPRT incentives such as the Dexter grant & $XPRT Liquidity Bootstrapping.

A dedicated page to track XPRT incentives from the Ecosystem & Community Pool wallets with in-depth details on proposals, spends, & outcomes will give Persisters a holistic view to stay up-to-date. ℹ️

We’ve made just that!👇🏼

https://persistence.notion.site/XPRT-Incentives-Log-e82b48c0656242439bae3e201143fdbf?pvs=4

Base Report 🤖📄

Dexter crossed $2.5M in total liquidity, and $1M in total volume 🚀

#stkATOM / $ATOM - $2,388,689
$XPRT / $ATOM - $406,229

The Tradooor Rebate program continues to drive volume on the stkATOM/ATOM Metastable pool 💸

http://app.dexter.zone/pools

Spread the word - https://twitter.com/dexter_zone/status/1669374757979017219

[Ecosystem Partnership]

Babylon, a blockchain platform that leverages the security of Bitcoin, has integrated with Persistence on its testnet.

This will bring enhanced transaction security and the option of lower bonding periods to the Persistence core-1 chain.

ℹ️ Learn More: https://twitter.com/babylon_chain/status/1671148723685007363

🗣 @dneorej, Persistence Ecosystem Lead, will also be joining Babylon’s Scaling Bitcoin Twitter Space on 21 June 2023 at 2 PM UTC to discuss potential synergies & give general updates.

[XPRT Liquidity Bootstrapping Update]

In less than a month since Proposal 34 was passed (XPRT incentives on Dexter), liquidity has 2x-ed to $545k+ 🦾

@dneorej: “The power of community governance at its finest!”

🤖 Checkout the ATOM/XPRT pool on Dexter

ℹ️ Learn more about XPRT Incentives Log