New York, United States, December 3, 2024, Chainwire
Perennial announced the launch of Long-lasting intentionsa unique intent layer for perpetual futures, designed to unify DeFi’s fragmented liquidity landscape and deliver a centralized on-chain exchange trading experience. By sourcing liquidity from on-chain and off-chain venues, Perennial Intents offers deeper markets, better prices, and a unified trading experience designed to advance DeFi.
Combating DeFi Liquidity Fragmentation
“Perennial Intents comes at a pivotal time for DeFi,” said Kevin Britz, founder of Perennial. “Despite its growth, only a fraction of crypto order flow occurs 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 over $10 million in TVL (DeFiLlama), each operating its own siled financial ecosystem. This fragmented liquidity leads to worse trade execution, with higher costs, increased slippage and opportunities. limited leverage.
According to the team, Perennial Intents addresses 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 the intentions are not new for DeFi, Long-lasting intentions introduce a layered model that combines intent-based off-chain order matching with on-chain AMM settlement. Perennial claims that this model streamlines trading by combining intent-based order matching with on-chain AMM settlement. The team says this hybrid approach ensures optimal price execution for traders while allowing solvers to dynamically manage liquidity without long-term collateral constraints, paving the way for deeper markets and greater efficiency .
One-Click Trading and Perennial Petal Program
Besides 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 Arbitrum team shared their excitement for the launch, highlighting the transformative potential of intent-based derivatives. “Perennial’s work with intent-based derivatives is transforming DeFi by aligning market interactions with specific user goals,” said Peter Haymond, Senior Partnerships Manager at Offchain Labs. “This approach allows users to define their desired financial outcomes, enabling more efficient and personalized trading on Arbitrum.”
About perennial plants
Perennial is a native DeFi 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 leading trading interfaces such as Kwenta, Siren, Rage Trade and Cryptex Finance.
For more information about Perennial Intents, users can visit their website or join the community on Discord.
ContactMarketing ManagerLucas TerryPerenniallucas@perennial.finance
This article was originally published on Chainwire
