#Partnership #Injective #Derivatives

Persistence and Injective Protocol Join Forces to Unlock New Opportunities in DeFi 🔥

🦾 We recently announced that the validator arm of Persistence, AUDIT.one, was among one of the top-tier staking providers that joined Injective's Equinox Staking. This, however, is only the surface of our multifaceted collaboration.

⛓ The Persistence chain is next in line to join Injective’s cross-chain trading universe. Assets native to the Persistence chain will be transferable to Injective to be used for perpetual futures trading. XPRT will be the first such asset supported, with more to come!

💎 One of Injective’s latest derivatives products will be Liquid Staked Assets, created in collaboration with Persistence’s pStake application! pStake allows for the issuance of representative tokens on Ethereum which are backed 1:1 by staked PoS assets. These tokens will be listed on Injective in a new derivatives class.

ℹ️ Read more about our collaboration: buff.ly/3mmklQ1

🤝 We’re excited to be working with Injective to expand trading opportunities for holders of Persistence-native assets while also unlocking new DeFi functionality for stakers on major PoS chains.

🗣 Spread the word: https://twitter.com/PersistenceOne/status/1379420707847823366

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