Perennial is a permissionless DeFi protocol that utilizes intent-based trading to unify liquidity across various markets, enabling seamless execution of trades without the need for collateral management. By providing deep liquidity and low fees, it enhances the trading experience for developers, liquidity providers, and traders in the decentralized finance ecosystem.
Funding
$12M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
- Startup funding source · Source unavailable
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- Startup funding source · Source unavailable
Founders
Product
Problem
Current decentralized exchange (DEX) models often suffer from fragmented liquidity across different platforms and markets, leading to inefficient trade execution and higher costs for traders. Managing collateral across multiple positions and venues adds complexity and friction to the trading experience.
Solution
Perennial is a permissionless, intent-based perpetuals exchange designed to unify liquidity and streamline trading across various markets in the DeFi ecosystem. The protocol allows users to submit trade intents, which are then fulfilled by specialized solvers that source optimal prices from both on-chain and off-chain liquidity pools. By eliminating the need for individual collateral management and providing access to aggregated liquidity, Perennial aims to deliver a seamless, cost-effective trading experience for developers, liquidity providers, and traders.
Target Audience
The primary target audience includes DeFi traders, liquidity providers, and developers seeking a more efficient and composable perpetuals trading platform.
Features
- Intent-based trading architecture that separates order placement from execution
- Unified liquidity aggregation across on-chain and off-chain sources
- Support for a wide range of markets, including cryptocurrencies, forex, and commodities
- One-click trading interface for simplified position management
- Permissionless deployment, allowing anyone to create and list new markets
- Composability with other DeFi protocols for enhanced functionality
- Bug bounty program to incentivize community-driven security audits