Persistence (XPRT) is a token of a hybrid lending or borrowing protocol based on debt management, which brings the capabilities of real assets to DeFi. This is achieved by facilitating the borrowing of crypto assets, using real assets as NFT invoices, and then using them as packaged financial products.

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[Governance]

🚨 Reminder that Proposal #22 is live on the Persistence Core-1 chain for voting.

ℹ️ Topic: Phase 1 Incentives Distribution for bootstrapping $XPRT liquidity

🌐 Proposal link: https://www.mintscan.io/persistence/proposals/22

🗣️ Forum Discussion for Allocation of 1M $XPRT: https://forum.persistence.one/t/bootstrapping-xprt-liquidity-allocation-of-1m-xprt-incentives-proposal-21/197

⚡Tl;dr of Proposal 22: 

Spend 500K XPRT in Phase 1 Incentives Distribution as follows:

- Allocate 166,667 XPRT to XPRT/OSMO on Osmosis for 14-day LP bonding over 45 days, targetted to start around 15 April 2023

- Allocate 333,333 XPRT to ATOM/XPRT on Dexter for 7-day LP bonding over 45 days, targetted to start around 1 May 2023

Let’s be sure to vote on this before 13 April 2023 everyone! 🦾

[Governance]. Reminder that Proposal #22 is live on the Persistence Core-1 chain for voting.