{"id":25478,"date":"2024-12-03T19:15:22","date_gmt":"2024-12-03T19:15:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=25478"},"modified":"2024-12-03T19:15:22","modified_gmt":"2024-12-03T19:15:22","slug":"perennial-unveils-a-novel-intent-layer-for-perpetuals-solving-defis-fragmented-liquidity-problem","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=25478","title":{"rendered":"Perennial Unveils a Novel Intent Layer for Perpetuals \u2013 Solving DeFi\u2019s Fragmented Liquidity Problem"},"content":{"rendered":"

[PRESS RELEASE \u2013 New York, United States, December 3rd, 2024]<\/strong><\/p>\n

Perennial<\/a> announced the launch of Perennial Intents<\/strong>, a unique intents layer for perpetual futures, designed to unify DeFi\u2019s fragmented liquidity landscape and deliver a centralized exchange trading experience on-chain. By sourcing liquidity from on-chain and off-chain venues, Perennial Intents is delivering deeper markets, better prices, and a unified trading experience designed to move DeFi forward.<\/p>\n

Tackling DeFi\u2019s Liquidity Fragmentation<\/strong><\/p>\n

\u201cPerennial Intents arrive at a pivotal time for DeFi,\u201d said Kevin Britz, Founder of Perennial. \u201cDespite its growth, only a fraction of crypto\u2019s order flow happens on-chain, most of which is fragmented across hundreds of L1s and L2s. The rise of appchains and isolated AMMs has led to over 100 chains with $10M+ in TVL (DeFiLlama<\/a>), each operating its own siloed financial ecosystem. This fragmented liquidity leads to worse trade execution, with higher costs, increased slippage, and limited leverage opportunities.\u201d<\/p>\n

According to the team, Perennial Intents address these challenges by consolidating order flow into a unified liquidity layer. Instead of fragmenting liquidity into silos like appchains or AMM pools, intent-based trading integrates order flow across multiple venues, creating a more cohesive and efficient system.<\/p>\n

A Hybrid Model for the Future of DeFi<\/strong><\/p>\n

Although intents are not new to DeFi, Perennial Intents<\/strong> introduce a layered model that combines intent-based off-chain order matching with on-chain AMM settlement. Perennial claims this model streamlines trading by pairing intent-based order matching with on-chain AMM settlement. The team claims this hybrid approach guarantees optimal price execution for traders while enabling solvers to dynamically manage liquidity without long-term collateral constraints\u2014unlocking deeper markets and greater efficiency.<\/p>\n

One-Click Trading and the Perennial Petals Program<\/strong><\/p>\n

Alongside Perennial Intents, the launch includes two additional upgrades: one-click trading and the Perennial Petals points program. Traders can now enjoy seamless trading with a single collateral account, while the Petals program rewards users with points for their trading activity, with 2x points available during the initial launch period.<\/p>\n

The team at Arbitrum shared their excitement for the launch, highlighting the transformative potential of intent-based derivatives. \u201cPerennial\u2019s work with intent-based derivatives is transforming DeFi by aligning market interactions with users\u2019 specific goals,\u201d said Peter Haymond, Senior Partnerships Manager at Offchain Labs. \u201cThis approach lets users define their desired financial outcomes, enabling more efficient and personalized trading on Arbitrum.\u201d.<\/p>\n

About Perennial<\/strong><\/p>\n

Perennial<\/a> is a DeFi-native derivatives primitive designed to serve as the liquidity backbone for DeFi. Backed by leading investors, including Polychain, Variant, and Archetype, Perennial has facilitated over $2.8 billion in trading volume. Its growing ecosystem includes integrations with prominent trading interfaces like Kwenta<\/a>, Siren<\/a>, Rage Trade<\/a>, and Cryptex Finance<\/a>.<\/p>\n

For more information on Perennial Intents, users can visit their website<\/a> or join the community on Discord<\/a>.<\/p>\n

The post Perennial Unveils a Novel Intent Layer for Perpetuals \u2013 Solving DeFi\u2019s Fragmented Liquidity Problem<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 New York, United States, December 3rd, 2024] Perennial announced the launch of Perennial Intents, a unique intents layer for perpetual futures, designed to unify DeFi\u2019s fragmented liquidity landscape and deliver a centralized exchange trading experience on-chain. By sourcing liquidity from on-chain and off-chain venues, Perennial Intents is delivering deeper markets, better prices, […]<\/p>\n","protected":false},"author":0,"featured_media":25479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25478"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25478"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25479"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}