The decentralized derivatives protocol Perennial announces the launch of the perpetual contract intent layer Perennial Intents

2024-12-04 18:33:54

Collection

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.

(Source Link)

Related tags

Perennial DeFi perpetual contract

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.