Developers at Persistence One have launched a new restaking service (Restake) within the Cosmos network, offering users the opportunity to deposit ATOM, TIA, DYDX, and other tokens from pSTAKE, Stride, Quicksilver, and Milkyway. This enables users to restake their tokens, thereby enhancing the security and stability of the Persistence Core-1 network, as well as earning additional rewards. The developers highlight that the implementation of restaking contributes to the formation of a liquid restaking token (LRT) ecosystem, strengthening several blockchains and stimulating the development of the DeFi sector.
A key feature of restaking on Persistence One is increased security through the diversification of the network's economic reliability, contributing to its overall stability. Users can also expect a dual reward system, receiving a portion of the staking rewards in XPRT, providing an additional incentive for long-term holding and staking of tokens.
The project also introduces innovations in the DeFi space, offering developers new possibilities through the creation of infrastructure for liquid restaking tokens (LRT) and finance (LRTfi). This paves the way for high yields and trust levels in the Cosmos ecosystem, underscoring the team's ambition to maximize profits from liquid stakes and form a unique economy in this area.
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