Interpreting Binance’s latest investment project Perena, how to participate now?

By: blockbeats|2024/12/12 09:00:02
0
Share
copy
Original title: "Binance invests in new projects, is Perena worth participating?"
Original author: shaofaye123, Foresight News

As one of the core infrastructures of the decentralized finance (DeFi) ecosystem, stablecoins have always attracted much attention.

On December 11, Binance Labs announced an investment in Quine Co., the core development team of Perena, to support its establishment of the first stablecoin infrastructure protocol on Solana.

As a core player in the stablecoin track, Tether's profit in the first half of this year was as high as US$5.2 billion, with a single-day profit of more than US$30 million. Despite the previous Luna crash, there are still many projects that persist in building in the stablecoin track.

Recently, ENA returned to 1 U, Usual rose nearly 60% in a week, and ANZ rose 3 times in one day. Stablecoins on various chains are constantly developing. This article will take you to a quick look at Perena, a project that has been favored by major VCs since its early days.

What is Perena

The current stablecoin market has a capital scale of 200 billion US dollars, and the number of new stablecoins is also increasing. Stablecoin fragmentation, isolated liquidity pools, and user experience problems are gradually emerging. Perena is committed to solving the above problems. As the infrastructure of the stablecoin track, it does not compete with USDC, PYUSD, etc., but provides them with more efficient and convenient transactions.

Perena mainly provides an efficient and flexible multi-asset stablecoin exchange platform for the Solana ecosystem, aiming to create a borderless monetary infrastructure. Since Binance announced its investment, TVL has achieved rapid growth, nearly 1 million US dollars.

Interpreting Binance’s latest investment project Perena, how to participate now?

The Perena team is quite strong. Perena founder Anna Yuan was the head of stablecoins at the Solana Foundation. During her tenure, she made great contributions to the increase in stablecoin issuance and the launch of non-US dollar stablecoins on Solana, doubling the issuance of stablecoins to 3.6 billion. The team also includes practitioners from institutions such as Jump Trading. In addition, the team has reached cooperation with central bank governors and regulators on stablecoin supervision.

In terms of financing, Perena has not only received support from well-known investors such as Solana co-founders Anatoly Yakovenko and Raj Gokal. It has also been favored by many institutions and has completed the Pre-Seed round of financing, led by Borderless, and investors also include Binance Labs, Primitive Crypto, Anagram, Temporal, ABCDE Labs, SevenX Ventures, etc., with a financing amount of approximately US$3 million. In addition, Perena has also reached cooperation with many DeFi protocols.

How Numéraire works

Perena has currently launched its first product, Numéraire. Numéraire is a multi-asset stablecoin exchange system that introduces the concept of USD*. It uses the AMM mechanism to achieve seamless creation and exchange of stablecoins, while optimizing liquidity and efficiency in various markets. It solves the problem of fragmentation of the stablecoin ecosystem and reduces the capital requirements for the issuance of new stablecoins. Users can mint stablecoins through the protocol, obtain returns on tokenized real-world assets, and use the layered collateralized debt position system to achieve customized risk-return configuration. However, although Numéraire claims to be a cheaper and more efficient stablecoin exchange, it is still more worn out than platforms such as Raydium due to liquidity issues.

USD* is the core element of the Numéraire system. It is a LP (liquidity provider) token that can be held and traded, and holding it will also generate potential returns. Through the concept of USD*, Numéraire not only achieves higher capital efficiency, but also has higher flexibility. All stablecoins share the same liquidity pool, reducing the fragmentation of funds. The lending function will allow excess stablecoins to be borrowed and borrowed, which can also further improve the utilization of funds. At the same time, adding stablecoins only requires establishing a relationship with USD* to exchange with all other stablecoins in the system. USD*, as an intermediate unit, can help achieve more accurate price discovery and reflect the market's real-time valuation of various stablecoins.

Numéraire provides the Solana ecosystem with an efficient and flexible multi-asset stablecoin exchange platform through USD*. It not only simplifies the user experience, but also provides a more efficient liquidity management solution for the DeFi ecosystem. Its advantages include:

· Integrates the dispersed liquidity among different stablecoins

· Achieve efficient price discovery and settlement mechanism

· Provide risk-return opportunities

· Scale up to meet institutional adoption and real-world needs

How to participate

Currently, the project is still in its early stages, with only two functions, Swap and Pool, open. You can get Petal Points by trading between stablecoins and forming LPs. Swap pools do not require invitation codes to enter, and Pools require referral codes or can only be opened when the points reach 700. The referrer can get 5% of the points earned by the recommended user. When 700 points are reached, 4 invitation codes can be generated, and 2 more invitation codes can be obtained for every additional 1,000 points. Using the referral code when registering will give 100 Petal Points to the user and the referrer respectively. The Pool function is permanently enabled after entering. Currently, transactions support 7 stablecoins including USDC, PYUSD, sUSD, etc.

Daily points acquisition method:

Swap: Up to 500 points can be obtained for daily transactions.Up to 10 transactions per day, 1 USD is worth 0.1 points, and up to 50 points can be obtained for each transaction (500 U transaction amount can obtain the maximum points).

Pool: (currently there is no upper limit on points, the larger the amount, the more petal points)

-Seed Pool: 10 petal/$/day

-Growth Pool: 20 petal/$/day

USD*: 100 petal/day (balance greater than 100 USD)

Other LP tokens: 100 petal/day (balance greater than 100 USD) For example, sUSD-USD* LP, USDS-USD* LP

Perena has a beautiful vision and a luxurious investment background. However, as an on-chain stablecoin exchange platform, whether this demand really exists is still in doubt. Currently, centralized exchanges still waive transaction fees for stablecoins. Compared with on-chain trading platforms such as Raydium, Perena may need to compete with centralized exchanges. Perhaps only when on-chain funds continue to flow in, on-chain applications flourish, or are truly combined with real assets (wage issuance, etc.) can Perena play a greater role.

Original link

-- Price

--

You may also like

A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions

The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...

Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected

Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.

Bitcoin Price Prediction July 2026: Will BTC Recover to $70K or Drop Below $55K?

Bitcoin price prediction for July 2026: Can BTC recover to $70,000 or fall below $55,000? Explore ETF flows, key support levels, Fed outlook, and our Bitcoin forecast.

A South Korean company that learned the strategy of hoarding coins, from a bull market to delisting?

When the overall momentum of the Korean stock market is strong, this batch of cryptocurrency concept stocks, branded as the "Korean version of Strategy," finds itself at a crossroads of life and death.

Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed

Zhao Changpeng's billion-dollar new "family office" YZi Labs investment landscape revealed: 70% of the funds are committed to the crypto ecosystem, while 30% are cross-industry bets on AI and biotechnology, launching a new capital experiment in the post-Binance era.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com