 | PerennialPerennial 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 IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat 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.
DetailsRaised: 12,000,000 USDLegalRegistration year: 2022 |
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