Heavy hitters back the project with a $10 million seed funding round

The pSTAK project is part of the Persistence (XPRT) protocol, a multi-chain tech stack that supports Cosmos (ATOM ), Ethereum (ETH ) and other Tendermint-based chains. The long-term mission of Persistence is to create an ecosystem of multi-chain Web3 products designed to stimulate global liquidity and enable simplified value exchange.

The funds raised during the seed round have been used to provide the reserves necessary to bootstrap liquidity staking on the protocol and ensure that there was enough liquidity for users to engage with the platform.