Persistence protocol is simply a protocol that provides the opportunity for innovative developments to solutions concerning the expansion of the decentralized finance and NFT (Non Fungible Tokens) sectors.
The Protocol also started off with the aim of utilizing Public chain network features and technology of community based platforms and OpFi to fix the concerning the deals of financing in enterprises and cross border exchanges or payments
Persistence bridges the gap between Decentralized finance and traditional finance by providing the borrowing of cryptocurrency assets such as stablecoins with ease through the collateral usage of real world funds or assets. They facilitate the usage of this system with the following steps:
● The usage of NFTs to tokenize physical assets like invoices
● Making an exchange on NFT represented tokenized physical assets with stablecoins
● Collateral utilization of those tokenized NFT physical assets to then borrow stablecoins
● Loan packaging originated in pools to make fixed products that are revenue investable.
PERSISTENCE PROTOCOL'S FOCUS
Persistence enables seamless trading of value to improve the efficiency of real world exchanges, payments with enterprise financing. The protocols really places their centralization and focus on the two following sectors:
● Crypto Native Sector: Debt Securitization and platform for lending Stablecoins to provide cryptocurrency-native stakeholders physical revenue generating funds or assets.
● Institutional Sector: Asset or fund lending P2P exchange finance utilization via Comdex for physical asset traders and exchange financers in the institutional sector
ASSET OR FUND LENDING
Asset lending is an enterprise involved with the leading of funds or assets to users who utilize various assets like properties, invoices or inventories for collateral purposes.
The 1st utilization of fund or asset lending on the platform is a decentralized entity called Comdex, which is a community based commodity exchange and exchange financing network that basically matches buyers of commodities with real world commodity sellers, at the same time enabling sellers receivable financing.
DEBT SECURITIZATION
Debt Securitization is basically the system that permits a fund originator to pool or gather a number of fund amplifying assets into pools for assets. Returns in the Pools for assets are yielded from revenue amplifying assets that are underlying.
In Persistence's platform, the asset originator originates numerous loans for sellers on Comdex that demand financing. The loans afterwards are placed in pools based on different factors like primary financer types, risks and so on. Persistence's decentralized application is a dApp that permits liquidity providers (LPs) to loan stablecoins to pools based on liquidity for yield generation.
PERSISTENCE'S SOLUTION FACTOR
Below is the detailed Condition that proves and shows Persistence to be a great solution that the ecosystem always seemed for:
Capital Supply: Interest rate deterioration
With the high end economy's CBs (Central banks) having negative policy values, Thirteen Trillion dollars is gripped in negative resulting bonds, this means that buyers or collectors keeping the securities in order to gain maturity will inevitably produce losses.
As reported by Paul Schmelzing, who is an economist from England that has done and executed thorough analysis and study of interest rates over the last 8 centuries stated that the interest rate deterioration during these current periods have been a running trend over the past centuries, monetary reigns and so on.
This trend proves the increasing rate of capital, making it steadily hard to gain yield generation
XPRT TOKENS
This is basically a staking token, XPRT users are allowed to stake tokens in order to gain rewards for staking at the same supporting the protocol's mainnet security.
Through the economic executions and operations carried out on Persistence, XPRT stakers can earn a lot of benefits. Dapps within the protocol's network share revenue portions with validators and stakers of XPRT.
This token also provides network security via staking, which can be utilized for fee payments, voting polls to help the evolution of the chain network on Persistence.
The Operations carried out on the protocol follow the process of merging Decentralized finance, Non fungible tokens and Proof of stake consensus and presently composed of other applications aside from Comdex which has been previously iterated.
1. pStake:
This is an application specifically for staking liquidity which permits top PoS ecosystem stakers to unlock staked asset liquidity and utilize assets in decentralized finance at the same time gaining rewards for staking
2. Asset Mantle:
this is basically an infrastructure designed for Non fungible token markets, this framework will grant all the necessary resources needed for the development of the user's marketplace.
3. pLend:
this is simply Stablecoin network for debt financing which is supported by physical assets like invoices. It permits stablecoin users to efficiently take part in the global exchange financing ecosystem
4. AUDIT.one: This is persistence's validator medium that ensures top validator facilities to high end PoS programs.
TOKENOMICS
Genesis XPRT Supply : 100,000,000
Launch circulation: 9,100,000
Max cap supply: 403,308,352
ROADMAP
In 2020:
● Persistence introduction
● Asset lending initiation
● Terra partnership
● Game of Zones Optimized
● Cosmos Network Collaboration
● Tendermint Delegation
● Stakedrop Announcement
● Razor Network Collaboration
● Kava Stakedrop initiations
In 2021:
● Matic Stakedrop initiations
● Financial Asset Initiations
● Proof of Stake integration
● Token Auctions On AscendEX
● Mainnet release
CONCLUSION
Persistence's team has whipped up a number of incentives in order to facilitate the efficiency of world wide allocation of capital by permitting traders or enterprises to draw loans. Through this and their major collaborations and features for physical revenue generating asset facility, the world of decentralized finance technology is sure to be influenced by it's potentials.
