New York, USA, December 3, 2024, Chainwire
Perennial launches Perennial Intents, a unique intent layer for perpetual futures designed to unify DeFi's fragmented liquidity environment and provide an on-chain, centralized exchange trading experience. announced the increase. By sourcing liquidity from on-chain and off-chain venues, Perennial Intents offers deeper markets, better prices, and a unified trading experience designed to advance DeFi.
Tackling DeFi liquidity fragmentation
“Perennial Intent comes at a pivotal time for DeFi,” said Kevin Blitz, founder of Perennial. are only a small portion, most of which are fragmented across hundreds of L1 and L2.” With the rise of app chains and siled AMMs, there are now over 100 $10M+ TVL chains (DeFiLlama), each operating its own siled financial ecosystem. This fragmented liquidity leads to worse trade execution, including higher costs, increased slippage, and limited leverage opportunities. According to the team, Perennial Intent addresses these challenges by consolidating order flow into a unified liquidity layer. Rather than fragmenting liquidity into silos like app chains or AMM pools, intent-based trading unifies order flow across multiple trading locations, creating a more consistent and efficient system. .
Hybrid model for the future of DeFi
Intents are not new to DeFi, but Perennial Intents introduces a layered model that combines intent-based off-chain order matching with on-chain AMM payments. Perennial claims that this model streamlines transactions by combining intent-based order matching with on-chain AMM payments. The team believes that this hybrid approach ensures optimal price execution for traders, while also allowing solvers to dynamically manage liquidity without long-term collateral constraints, leading to deeper markets and increased efficiency. claims to be possible.
One-click trading and perennial petal program
In addition to Perennial Intents, this release includes two additional upgrades: One-Click Deals and Perennial Petals Points Program. Traders can now enjoy seamless trading with a single collateral account, and the Petals program rewards users with points based on their trading activity, with double points available during the initial launch period.
The team at Arbitrum shared their excitement about this announcement and highlighted the transformative potential of intent-based derivatives. “Perennial’s work on intent-based derivatives is transforming DeFi by aligning market interactions with users’ specific goals,” said Peter Haymond, Senior Partnerships Manager at Offchain Labs. . “This approach allows users to define their desired financial outcomes, enabling more efficient and personalized trading on Arbitrum.” About Perennial
Perennial is a DeFi-native derivatives primitive designed to serve as the liquidity backbone of DeFi. Backed by major investors including Polychain, Variant, and Archetype, Perennial has achieved trading volume of over $2.8 billion. Its growing ecosystem includes integrations with prominent trading interfaces such as Kwenta, Siren, Rage Trade, and Cryptex Finance.
To learn more about Perennial Intents, users can visit our website or join our community on Discord.
Contact Marketing Director Lucas TerryPerenniallucas@perennial.finance
This article was originally published on Chainwire
