Perennial Unveils a Novel Intent Layer For Perpetuals - Solving DeFi’s Fragmented Liquidity Problem

NEW YORK, United States, December 3rd, 2024/Chainwire/--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

“Perennial Intents arrive at a pivotal time for DeFi," said Kevin Britz, Founder of Perennial.

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"Despite its growth, only a fraction of crypto’s 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), 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 2x 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.

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"Perennial’s work with intent-based derivatives is transforming DeFi by aligning market interactions with users’ specific goals," said Peter Haymond, Senior Partnerships Manager at Offchain Labs.

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

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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

Head of Marketing

Lucas Terry

Perennial

[email protected]

:::tip This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here

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