But isn't the point of Redis is to be used as a caching layer instead of persistent layer
Basically redis can't necessarily guarantee data safety - which is perfectly fine for it's normal use case as a caching layer and data you don't necessarily care if you lose (for example rate limiting relies on tracking the number of requests/s within say an hour - if you lose the data you don't really care). User sessions too, worst case people have to log in again, meh whatever.
It would be great to remove limitations like RAM-only capacity in exchange for a slight performance hit, and while also gaining better core utilization. We used ScyllaDB (a very fast cassandra clone) in the past for the cpu/disk scalability but always felt Redis offered better APIs. Now it's a real option.