PERSISTENCE PROTOCOL — PRODUCTS

Persistence Protocol aims at bridging the Gap between DeFi and traditional finance by facilitating borrowing of Crypto assets (Stable coins) using real-world assets ( invoices to begin with) as collateral. The idea of persistence started with the thesis of using public blockchain Technology and features of decentralized and open finance (DeFi and Opfi) to solve inefficiencies in cross-border payments and business financing. As a byproduct of solving these problems, persistence aims to enable fundamental new capital to enter the cryptocurrency. It has built a lot of products from asset mantle, Comdex, audit.one, pLEND down to its liquidity staking solution — pSTAKE Finance.

In addition to that, persistence also facilitates and enhances the exchange of value to increase the speed and efficiency of real-world trade, payments of business financing.

PERSISTENCE ASSET-BASED LENDING

Asset-based lending is the business of lending or loaning money to borrowers who put their assets (invoices, accounts receivables, inventory, property) as collateral. The first use of asset-based lending in the persistence ecosystem is Comdex. Comdex is a decentralized commodities buyer and seller of physical commodities, while also providing receivable financing to sellers.

PERSISTENCE TWO-PRONGED APPROACH

  1. Institutional Focus: Asset-based lending P2P trade finance use case through the Comdex dApp for institutional Physical commodity traders and trade financiers.

There are actions that make this process a successful one. Persistence is able to perform the following actions through a step-by-step process:

  • Tokenization of real-world assets ( using NFTs) such as invoices.

PERSISTENCE AND ITS PRODUCTS

The persistence products are listed below

COMDEX: Decentralized commodities trading solution that facilitates the end-to-end trade cycle including trade Discovery, settlement, and financing.

Visit Comdex here: https://comdex.sg/

P-STAKE: liquid staking application to unlock liquidity for stated assets which allow stakers to boost yields from their stakes assets. You can access pSTAKE through the link below:

Visit here: https://app.pstake.finance/

AUDIT.ONE: staking-as-a-service solution for proof-of-stake networks for institutional assets managers looking to generate fixed income returns from staking as an asset class. Audit.one provides white labeling solutions for hardware and software.

Visit AuditOne: https://audit.one/

Some new products will be added much later to the persistence ecosystem (Asset mantle,pLend). Anticipate patiently.

About Persistence

Persistence is an interoperable protocol built to facilitate the creation of next-gen financial products. The Persistence tech stack provides the infrastructure to effectively bridge the realms of DeFi and traditional finance in various areas whilst also enabling the creation of innovative crypto-facing solutions to expand the DeFi and NFT sectors.

For More Information about Persistence:

Website: https://persistence.one/

Telegram Group: https://t.me/PersistenceOne

Twitter: https://twitter.com/PersistenceOne

Reddit: https://www.reddit.com/r/PersistenceOne/

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Precious

Content Creator || Blockchain Ambassador || Public Speaker || Community Management. Reach out to me: ekerekepreciousimeh@gmail.com