The idea of DeFi as a segment dominated by Ethereum is rapidly becoming an outdated concept. Binance Smart Chain, Polkadot, and Cosmos are all nurturing burgeoning DeFi ecosystems of their own. In the case of the latter, the last year or so has seen popular protocols including Terra, Kava, and Band Protocol all rapidly rise in prominence.
Now, DeFi on Cosmos is gaining a further boost as Persistence steams through the milestones on its roadmap. This project, which has been something of a sleeping lion before now, has been quietly gaining significant traction among users.
