Liquid Staking on Cosmos is one of the biggest narratives you'd ever miss in 2024!With numerous strong fundamentals, catching up can be tough.Here's how LSD on Cosmos ecosystem would be the next big thing in the space and how they would reward active participation After receiving an astonishing amount of attention in recent times,Cosmos is still regarded as the Internet of Blockchains, and within it lies the great potential of liquid staking and restaking narratives.They are one of those thesis that will play out throughout thisyearFundamentally, in DeFi, staking serves as a way to secure blockchains that rely on Proof of Stake.Validators and delegators also contribute to the network proportionally.But a big problem aries...The assets used to secure this network are rendered illiquid, which completely violates the concept of decentralization.Why should I risk my assets being illiquid because of the yield ROI?This is where Liquid Staking and Restaking come in.It is good to think of how far we have come, as the landscape of DeFi has evolved tremendously with new protocols and initiatives.However, security and incentives have been extremely important in driving the basic economic demands of this space so far.@PersistenceOne, a decentralized protocol that specializes in Layer-1 blockchain and powers an ecosystem of applications, is focusing on unlocking the liquidity of every staked assets.Helping to enhance security and meet economic needs, shaping more innovations on top of blockchains.And it's not just that; creating a sophisticated business model that expands across all chains to make every illiquid asset liquid.Additionally, developers can utilize this to build innovative applications around liquid-staked assets.They facilitate the issuance and deployment of liquid-staked stkASSETs via pSTAKE, allowing users to earn staking rewards while participating in DeFi primitives.Currently, users can only unlock liquidity for staked assets such as $ATOM , $OSMO, $BNB, $XPRT, and the newly introduced $DYDX on the platform.Here is how it works:You stake with the @pStakeFinance division of Persistence to earn staking rewards and also receive staked representative tokens (stkASSETs), which can be used in DeFi to generate additional yield (yield on top of staking reward).To understand this better, think of Persistence as an ecosystem that is subdivided into the following components to achieve its aims and objectives: by becoming the largest liquidity hub for unlocking liquidity.The Persistence Foundation: The driving utility for the Persistence ecosystem, fueling the $XPRTPersistence Labs: Committed to building products, applications, and other tools/services to enhance the Persistence Liquid Staking ecosystem.pStakedFinance: A multi-chain Liquid Staking Provider that enables users to unlock the liquidity of staked assets.For every staked asset, STK versions are minted, e.g., $StkAtom.Validators: A set of 100 validators is a critical part of ensuring the safety and security.With the highest demand for unlocking protocol liquidity, Persistence has recently launched $DYDX liquid staking, introducing a 0% fee (stkDYDX).Here is how it works, using a diagrammatic approach.Milestones:To further enhance efficiency, its stkATOM has been integrated with @mars_protocol to increase liquidity.In addition to that, they have also accomplished the following:- A recent launch of $DYDX liquid staking with a 0% fee (stkDYDX)- first airdrop for stkATOM holders - @PersistenceOne introduces restaking LSTs like stkDYDX, stTIA, milkTIA, qATOM, and more to the Cosmos ecosystem.- A partnership with @Shade_Protoco to expand $XPRT <> $SHD liquidity and shape the future of Defi.In conclusion, Persistence's growth so far has yielded remarkable results, and now is the best time to take a closer look at them with their new concept of restaking.I believe in the future of this product and am in contact with the team to make the best decisions.That's a wrap for now.For more protocol updates, kindly follow @PersistenceOne and turn on post notifications.#Write2Earn #DYDXUSDT.P #atom #Cosmo