Persistence is a protocol that is built specifically for Decentralized Institutional Finance Applications. The architecture has three different layers to aid developers in creating solutions to traditional financial hurdles. Persistence aims to have a layer of decentralized financial applications with a level of interoperability that will allow for seamless transfers of value across borders.
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Available via the Figment App or via API that hooks directly into client platforms, offering portfolio tracking across multiple networks and rewards optimization.
Stake your XPRT tokens in a few clicks by following these steps:
Wallet: wallet.persistence.one
Explorer: explorer.persistence.one
Persistence's native token, XPRT, is used to stake and to participate in on-chain governance.
Initially, XPRT is being staked to earn new issuance ("inflationary") subsidies. That means that the XPRT supply will increase, and stakers will capture the newly issued XPRT. Generally, you will earn around 35% annually on your staked XPRT, but that can change. Since staking rewards are tied to inflation, read about how inflation and rewards are related here.
Stakers will also capture fees from network transactions, so as Persistence transaction volume increases, Persistence stakers will earn more than new issuance subsidies.
The XPRT also gives stakers the right to vote on policy decisions for how the Persistence will operate and distribute treasury funds.
From the moment you initiate the unbonding process, it takes 21 days to unstake. During this time, you will not earn rewards. When the process is complete, you can transfer/trade your XPRTs.
You can self-custody your Persistence tokens, ideally using a Ledger hardware wallet.
Figment has partnerships with a number of top-in-class custodians: support@figment.io.
The Persistence protocol takes control of your XPRT tokens while you are staking. If you unbond your tokens, this process will take 21 days before the protocol returns your tokens to you. While your XPRT is staked, you may participate in on-chain governance by voting on different proposals.
Yes, a portion of your staked XPRT can be destroyed. There are two ways this can happen:
Staking income on Persistence is automatically distributed every block. Figment is never in control of your rewards.
Staking income is liquid, but you will need to claim it.
Your potential rewards depend upon validator performance. When your validator is down, you will not be earning staking income.
The new issuance ("inflation") rate is around 35% of the total supply. The network will cut its inflation in half every two years, and the maximum supply is expected to be reached by 2035.
Persistence uses token voting for on-chain governance.
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