perennial

ChainCatcher news, according to financefeeds, the decentralized derivatives protocol Perennial has announced the launch of Perennial Intents, an innovative perpetual contract intent layer solution designed to unify the fragmented liquidity landscape of DeFi.Perennial founder Kevin Britz stated that currently only a small portion of cryptocurrency trading volume occurs on-chain, and it is dispersed across hundreds of L1 and L2 networks. Perennial Intents provides deeper market depth and better price execution by integrating liquidity from both on-chain and off-chain trading venues.It is reported that the protocol combines a hybrid model of off-chain order matching and on-chain AMM settlement, while also launching a one-click trading feature and the Perennial Petals rewards program, which offers double points during the initial launch period. Currently, Perennial has completed integrations with major trading platforms such as Kwenta, Siren, Rage Trade, and Cryptex Finance.

ChainCatcher message, DeFi derivatives protocol Perennial has launched its V2 version, which is now live on the Arbitrum network and will soon be available on the Base network. New features include oracle updates, support for complex order types, multi-asset vaults, and more.

ChainCatcher news, according to The Block, DeFi derivatives protocol Perennial has completed a $12 million seed round financing, co-led by Polychain Capital and Variant, with participation from Archetype, Coinbase Ventures, Scalar Capital, Robot Ventures, and others.Perennial was co-founded by Kevin Britz and Arjun Rao, and the protocol has not yet issued a token. Before Perennial, the two co-founded Astro Wallet in 2017, which was acquired by Coinbase in 2019. Britz stated that they are still working as advisors for Coinbase. (The Block)