Perennial Unveils a Novel Intent Layer for Perpetuals – Solving DeFi’s Fragmented Liquidity Problem Chainwire | amznusa.com

December 3, 2024 – New York, United States


Perennial announced the launch of Perennial Intents, a unique intents layer for perpetual futures, designed to unify DeFi’s 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.

Tackling DeFi’s liquidity fragmentation

Kevin Britz, founder of Perennial, said,

“Perennial Intents arrive at a pivotal time for DeFi. Despite its growth, only a fraction of crypto’s order flow happens on-chain most of which is fragmented across hundreds of layer-ones and layer-twos.

“The rise of appchains and isolated AMMs has led to over 100 chains with over $10 million in TVL (total value locked), each operating its own siloed financial ecosystem.

“This fragmented liquidity leads to worse trade execution, with higher costs, increased slippage and limited leverage opportunities.”

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.

A hybrid model for the future of DeFi

Although intents are not new to DeFi, Perennial Intents 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 unlocking deeper markets and greater efficiency.

One-click trading and the Perennial Petals program

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 two times points available during the initial launch period.

The team at Arbitrum shared their excitement for the launch, highlighting the transformative potential of intent-based derivatives.

Peter Haymond, senior partnerships manager at Offchain Labs, said,

“Perennial’s work with intent-based derivatives is transforming DeFi by aligning market interactions with users’ specific goals.

“This approach lets users define their desired financial outcomes, enabling more efficient and personalized trading on Arbitrum.”

About Perennial

Perennial 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, Siren, Rage Trade and Cryptex Finance.

For more information on Perennial Intents, users can visit their website or join the community on Discord.

Contact

Lucas Terry, head of marketing at Perennial

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The post Perennial Unveils a Novel Intent Layer for Perpetuals – Solving DeFi’s Fragmented Liquidity Problem appeared first on The Daily Hodl.

 

This articles is written by : Fady Askharoun Samy Askharoun

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