How To Participate in Liquid Staking on Cosmos Hub using Persistence

Transcript

welcome back to the rollup High Roller Community as always nothing on the rollup is to be ConEd as Financial advice we are just an Educators in the defi space toss us a quick like give us a share a repost send it to a friend who may want to watch this and finally give us a sub or a follow it means the world to help support credibly neutral educational content in def5 we're here to educate Empower and enrich you and let's jump in good hey guys what's up how are you all doing the sh the side and in this video we are going to go through persistence we are going to go through p take platform how to use it how to take your tokens also I'm going to drop some hints of future

announcements so look forward to that we are going to go through capler we are going to go through capler dashboards and many more interesting things so without wasting any time let's get into it now those start with what is persistence persistence is an app chain in Cosmos ecosystem which focuses on liquid staking as theit say basically they are working towards to be the liquid staking Hub in the cosmos ecosystem as of now the chain tvl is more than $4.5 billion IBC volume in the last 30 days is more than $1.1 million which is pretty decent they have their own depth their ecosystem is growing at a very decent rate now talking about ecosystem let me quickly show you the

ecosystem uh now all these dabs are part of persistence ecosystem H think through dabs that are buil on persistence you can also build your own dab on persistence if you feel that you can apply for a grant also it include explorers wallet D5 parle tools all these deps which supports persistence also in the uh whole ecosystem now today we are going to talk about P stick which is basically a liquid sticking protocol tab built on persistence uh if you talk about P again multichain liquid sing protocol currently uh it supports or basically four networks are live on it which include Cosmos BNB e and osmosis

the total DV uh total volume uh on it is more than $7 million well D5 partner and you can withdraw your assets on persistence s20 or Cosmos now you know without talking about this let me show you the da so as soon as you will click on go to Da you will come to this screen or you can directly search in the URL app. p. Finance here you will see Cosmos chain and BNB chain so basically you can as of now STI BNB tokens on BNB Chain by clicking on this uh or you can go to Cosmos ecosystem and state atom or osmo token by clicking on this now again I

love Cosmos so I'm doing with Cosmos as soon as you click on Cosmos you will come to this screen where you can see taking D5 dashboard dogs governance everything you first thing what you have to do connect your wallet I prefer capital wallet because it's very simple and I like it you can use whichever wallet you prefer as soon as you will connect your wallet Next Step which you have to do is you have to choose an asset now here uh we have item on persistence we have item on Cosmo hub we have osmosis osmo toen on persistence and we have osmo toen on osmosis now as of now there are only these but in future we can expect maybe a dydx token

and you can St dydx or maybe Tia token which is basically the native token of celesia so we never know what tokens can come but for this time let's go with uh okay I want to go with atom on persistence good uh so let's take how much uh I want to go with let's go with 0.05 uh let's go good let's go with half a dollar uh once you select the amount of atom you want to stick click on liquid stick it uh then you will get you have to approve basically from your wallet the transaction once you will

approve it uh uh and this should take maximum 30 seconds not more than that and as soon as it will be approved there will be one more request to approve a transaction where you have to basically pay the gas fees for the transaction to execute and then uh you will get the state tokens now again sometimes uh it can see so now we can see that uh I have personally successfully sted at down on p uh I can copy this hash or I can click on it to see if it was successful or not it will take me to the mint scan uh and here I can see the whole transaction which I did right now on persistance so

as we can see transaction have been successful 26 seconds ago and uh here here's the C that I paid uh and yeah so see transation successful that means I have sted my token fantastic and this is how you can also stake your own atom tokens using p very simple right now one more thing which I want to talk about which I mentioned was uh Capital wet but before we go to Just wanted to let you guys know that persistence have also created this a stake atom user guide which you can use to take your atom or it covers uh how to stti your atoms or basically how to M your stti atom how to

unstake them how to claim them uh and many more the details so if you feel like you want to know something specific you can always go through this user guide or you can always drop a question in the comment section now let's move on capler wallet uh if you don't know what is capler capler wallet is basically a native wallet of Cosmos ecosystem so if you are a part of Cosmos ecosystem or you want to try out any app chain capner is a wallet that is preferred or that's something which is personally being used by me and I personally like the uiux it's very simple very on point and it supports a lot of almost all that chain so that's still but why capital is preferred that's because of the cap

dashboard now and let me quickly show you what is Capo dashboard Capo so you can always directly uh once you create a wallet you can go to wallet. k.a and you will be able to see your own dashboard of the total value which you own and what tokens on what app chain you can see everything here like just see these are all the details of my cap the one which I use right now to State now the interesting part uh we were using persistence right so let's go to search and let's search persistence and as soon as you click on persistence what you can see is my total

xprd amount xpds persistence native token which you uh can used to basically pay the gas fees to do transactions on persistance now you can see that plus you can see the whole list of all the validators of persistence now what is validators and why validators are important quickly uh persistance use proof of uh stake consensus what is consensus consensus is basically a mechanism to determine uh the transactions are valid or not there is proof of work there is proof of of stake and there are many proof of stake uh people take the tokens to get the chance to verify or transaction that's how

proof of State works now five validators important because they are the one who are going say that this transaction is valid or not they are the one who are going basically say if this transaction is legal or not if there is some malicious activity if there is some how should I say double spend by anyone etc etc uh that's why validators are important and that's why more the validators the better because if there are how should I be thousand people verifying the same transaction then chances of this verification being right or wrong is way higher the chance of it being right right basically is way

higher compared to it being wrong while if only five people are verifying it chances of it being wrong is higher so yeah that's why value datas are important and here as we can see G pool. iio Cosmo stations taking for all audit. one smart STI all these are the validators of persistence we can see the basically voting power which they have which uh which we can see on the basis of the XP token uh which they also have we can see the commission which they getting in the form of percentage Plus we can also see that if we you and me if we take xpi token what we will get we will get the APR of 14.93% which is like

almost 50 15 percentage and yeah I mean that's very cool so yes uh that's still if you want you can always get xpi toen and you can St and you can also uh whenever you are sing basically you have to select one of these validator to take your tokens now a quick update rollup is coming soon as a validator in the persistence ecosystem so looking forward to it we uh do followers to not miss any announcements and yes this was the video uh we talked about persistence and persistence ecosystem we talked about uh liquid staking we talked about Peak

stake platform we tried it out and uh basically we try out the P platform and we St atom token uh this is transaction of it being successful which I personally love to see uh I we talked about the whole guide which is available which you can go through to basically understand how to stake how to unstake how to redeem and how to claim your atom or St atom tokens and multiple more things plus again we never know but maybe you know like uh I'm not giving any hints but maybe we can see St the dydx token or take TI Tok that's it we talked about capler wallet we talked

about capler dashboards and how you can see all the validators their voting Powers Plus rollup is also coming soon so look forward to that and we also talked about consensus models we talked about why validators are important so yeah uh this was the video uh if you have any questions any doubts do drop them in the comment section and don't forget to give a follow to me t and to the rollup go to bring all these videos to you guys and looking forward to see you guys in the next video till then bye-bye see you next time by