Perennial

Perennial is a derivatives protocol that offers a super simple trading experience, a flexible and capital-efficient model for providing liquidity, and a developer primitive that makes composing DeFi derivatives easy.

Seed Funding Round: $12 Million

Whitepaper

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What is Perennial

Perennial is a DeFi-native derivatives primitive that allows for the creation of two-sided markets that trade exposure to an underlying price feed in a capital efficient manner.

Perennial acts as a peer-to-pool derivatives AMM that perpetually offers to take the other side of any Taker’s position directly at the oracle price, in exchange for a funding rate that floats based on utilization of the liquidity pool (similar to Compound & Aave).

Perennial opens the floodgates for DeFi derivative composability — Perennial is built with all the hooks developers need to easily integrate & compose derivatives, and the no-slippage + MEV-resistant + low fee trading model removes the complexity & risk associated with managing exposure that has traditionally made derivative composability impractical. The next era of finance will be built upon derivatives, and Perennial will be a core catalyst in making this happen.