Overview
Perena is a San Francisco-based financial services company specializing in stablecoin infrastructure for the DeFi ecosystem. Its mission is to make stablecoins more usable, liquid, and rewarding by enabling frictionless on-chain money exchange and maximizing yield generation from idle stablecoin liquidity.
History
Founded by Anna Yuan, former stablecoin lead at the Solana Foundation, Perena has attracted significant investment to advance its platform. In December 2024, the company raised approximately $3 million in a pre-seed funding round led by Borderless Capital, with participation from Binance Labs, MitonC Fund, Maelstrom Fund, Breed VC, and ABCDE Labs.
Technology and Features
Perena’s platform integrates several key components to enhance stablecoin functionality:
Multi-Token Stable Swap
Perena offers a multi-token stable swap capability, allowing users to exchange various stablecoins efficiently. This feature addresses liquidity fragmentation by consolidating stablecoin liquidity into a unified pool, facilitating seamless swaps and better exchange rates.
Automated Position Management
The platform provides automated position management tools that optimize yield generation from stablecoin holdings. By leveraging advanced algorithms, Perena enables users to maximize returns on their assets with minimal manual intervention.
Numéraire
Perena has introduced Numéraire, a multi-stablecoin liquidity pool that utilizes a liquidity provider token called USD*. This token represents a share of a seed pool containing stablecoins like Tether (USDT), USD Coin (USDC), and PayPal USD (PYUSD). Numéraire simplifies the process of launching new stablecoins by providing access to a well-capitalized liquidity pool.
Partnerships and Ecosystem
Perena collaborates with various stakeholders to strengthen its ecosystem:
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Solana Blockchain: Building on Solana’s high-performance blockchain provides Perena with advantages in speed and cost-efficiency, enhancing the platform’s overall performance.
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Binance Labs: As an investor, Binance Labs supports Perena’s mission to expand stablecoin adoption and innovation within the DeFi space.
Future Developments
Perena plans to expand its infrastructure stack by introducing a Collateralized Debt Position (CDP) system. This system will allow users to leverage their stable swap liquidity provider tokens, Solana Liquid Staking Tokens (LSTs), and Solana’s BTC assets. By hypothecating stable swaps into liquid synthetic dollars, Perena aims to enhance the utility of Numéraire and its associated assets, further cementing its role in building borderless, efficient, and accessible financial infrastructure.
