Perennial Labs

About Perennial Labs

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.

```xml <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. </problem> <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. </solution> <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 </features> <target_audience> The primary target audience includes DeFi traders, liquidity providers, and developers seeking a more efficient and composable perpetuals trading platform. </target_audience> ```

What does Perennial Labs do?

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.

Where is Perennial Labs located?

Perennial Labs is based in New Castle, United States.

When was Perennial Labs founded?

Perennial Labs was founded in 2022.

How much funding has Perennial Labs raised?

Perennial Labs has raised $12.0M.

Who founded Perennial Labs?

Perennial Labs was founded by Kevin Britz.

  • Kevin Britz - Co-Founder
Location
New Castle, United States
Founded
2022
Funding
$12.0M
Employees
7 employees
Investors
VariantPolychain Capital

Perennial Labs

9
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

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.

perennial.finance50+
Founded 2022 – New Castle, United States

Funding

No specific funding rounds found.

Total Funding

$12.0M

Backed by

PolychainPolychain CapitalVariant

Team (5+)

Kevin Britz

Co-Founder

Company Description

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.

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

Target Audience

The primary target audience includes DeFi traders, liquidity providers, and developers seeking a more efficient and composable perpetuals trading platform.

Sources:

1
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