What is Persistence?
Persistence is a Cosmos-based interoperable blockchain protocol that has been built to provide a gateway to Defi for traditional financiers from different segments of economics, enabling cutting-edge financial products for that purpose, driven by native token XPRT.
What is XPRT?
The XPRT token is primarily a governance token for the Persistence chain. XPRT holders can stake their XPRT tokens on the mainnet to passively earn more XPRT, delegating them to a trustworthy validator. XPRT has been tradable since the 1-st of April 2021 and can be purchased on markets that are indicated at Coinmarketcap.In particular, XPRT can be bought at Ascendex.com and Gate.io.
Where to buy XPRT?
XPRT can be purchased on Centralized cryptocurrency exchanges such as Ascendex.com, Gate.io, Huobi.com, and Kukoin.com. It can also be purchased on Decentralized exchanges like Osmosis.zone, Sifchain DEX, and Gravity DEX.
How to delegate XPRT?
Staking guide for Persistence
Staking guide and Steps
Stake your XPRT tokens by following these few steps:
Using Sentinel wallet
- Connect your Sentinel wallet on https://wallet.persistence.one/dashboard/wallet and ****your Ledger device.
- Navigated to the top bar and clicking “Staking” and find 01node on the list.
- Click on Delegate, specify the amount, and follow the prompts. While there is no need/obligation to put a memo unless you wish to. Similarly, you can claim rewards, undelegate, send or receive tokens.
Using the Keplr wallet
- Go to https://wallet.keplr.app/chains/persistence
- Find 01node in the Secret validator set and click the “manage” button.
- Click “delegate”.
- Enter the amount you want to delegate. Remember to keep some SCRT available to pay for transaction fees.
- Click “delegate” and then click “approve” to approve the transaction.
What is the APR?
Staking rewards are distributed every block. As of writing, the APR is 32.62% (considering the current commission rate of 5%).
What is the unbonding period?
Unstaking/unbonding your XPRT tokens will take 21 days. You will not earn any staking rewards during the unstaking process and it is not possible to cancel it. Therefore, make sure you did intend to unstake it.
When will I receive my first staking rewards
Right after your delegation is completed you will get payouts for every block [~6sec]. All rewards become available after their withdrawal, which is instantaneous.
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