The market has started to fluctuate downward, which corresponds to my previous statement that the US stock market has reached a high and needs to adjust to rest. It is estimated that the direction can only be seen after the Jackson Hole meeting a week later.
During boring times, continue managing your finances with me.
Today's main character is the financial project Perena on Solana.
1️⃣ Introduction to the Perena Project
Perena is a decentralized finance (DeFi) platform based on the Solana blockchain, focusing on enhancing the usability, liquidity, and profitability of stablecoins. The project aims to address core issues in the stablecoin market (valued over $170 billion), including liquidity fragmentation, capital inefficiency, and complex user experiences.
Perena provides the following key features through its innovative stablecoin infrastructure:
- Numéraire AMM: Integrates Solana's Interest-Bearing Tokens (IBTs), supporting seamless on-chain asset swaps and lowering the barriers to entry for new stablecoins.
- USD*: A yield-generating stablecoin liquidity token (LP Token) that helps users maximize returns on idle stablecoins.
- High Yield Vaults: Provides users with optimized yield generation tools.
- Petals Program: By participating in the Perena ecosystem, users can earn 'Petals' rewards, unlocking more liquidity and opportunities.
2️⃣ Strong Financing Lineup
Perena's mission is to build the future infrastructure of digital currency, promoting the growth of the DeFi ecosystem through unified liquidity pools and efficient asset allocation. Its innovation and potential in the Solana ecosystem have attracted attention from renowned investment institutions such as YZi Labs (formerly Binance Labs) and Maelstrom.
According to available information, Perena has completed multiple rounds of financing, detailed as follows:
Seed Round - December 11, 2024
Financing Amount: Approximately $3 million
Lead Investor: Borderless Capital
Other Investors: Including Binance Labs (formerly YZi Labs), Primitive Ventures, Anagram, Maelstrom, Breed VC, ABCDE Capital, SevenX Ventures, Pivot Global, MitonC, Graph Ventures, etc., totaling 11-12 institutions participating.
Use of Funds: Funds are used to expand the team, enhance global community building, and accelerate the development of stablecoin infrastructure, especially to enhance the functionality of Numéraire and USD* in the Solana ecosystem.
New Financing Round - July 2025
Financing Amount: Specific amount not disclosed, but attracted over 350 supporters.
Investors: Including well-known institutions such as Susquehanna, Native Crypto, Hermeneutic Investments, continuing the momentum from the seed round in December 2024.
Use of Funds: Further improve the programmable stablecoin functionality of USD*, expand platform integration capabilities, and meet the growing demand for DeFi and PayFi applications.
Other Information:
Perena has also received support from strategic investors in traditional finance and Web3, such as Citadel, IMC, SIG, and Jane Street.
The project is developed by Quine Co., headquartered in San Francisco, USA, established in 2024, with about 6 employees.
Financing data indicates Perena's potential in the stablecoin infrastructure field, gaining wide recognition from Web3 and traditional financial investors.
3️⃣ Current Interaction Method
Perena's current interaction mainly involves depositing stablecoins such as USDC, USDT, PYUSD, and earning points as rewards.
1. By depositing any of the above stablecoins via https://app.perena.org/deposit/USDC-USDT-PYUSD, convert them to USD*, and earn Petals rewards.
2. Participate in the Invest in Stablecoin Neutral Trading Strategy (https://app.perena.org/invest/jlpdn) neutral strategy to achieve a return of up to 15.35%. This is essentially a leveraged JLP Delta Neutral (USDC) deficit, aimed at earning trading fees, lending fees, and liquidation fees through Jupiter traders while eliminating directional risks of holding JLP.
The strategy is monitored by the system 24/7, dynamically adjusting leverage based on predicted fees to maintain minimal Delta exposure.
Please note: According to Discord information, this strategy currently does not have Petals points rewards.
3. You can also participate in DeFi protocols with the USD* deposited in the first step. The two protocols currently recommended by the official are Exponent @ExponentFinance and RateX. Exponent has both YT and PT strategies, while RateX only has the PT strategy.
My personal choice is the lower risk and higher yield (around 11.3%) PT strategy on RateX, which allows me to earn points from both projects: https://app.rate-x.io
The end of the article. Thank you for watching, and I wish everyone smooth surfing in Web3.🏄
