Perennial Unveils Revolutionary Intent Layer for Perpetual Futures, Solving DeFi’s Liquidity Fragmentation Problem

New York, United States, December 3, 2024 — Perennial, a leading DeFi-native derivatives platform, has launched Perennial Intents, a groundbreaking intents layer for perpetual futures. This new technology is designed to address the fragmentation of liquidity in the decentralized finance (DeFi) ecosystem by combining both on-chain and off-chain liquidity sources. By unifying liquidity across decentralized and centralized venues, Perennial Intents aims to deliver deeper markets, better pricing, and a more cohesive trading experience, bringing DeFi closer to the efficiency of centralized exchange trading.

Addressing the Liquidity Fragmentation Challenge in DeFi

DeFi has seen tremendous growth over the past few years, but its liquidity remains highly fragmented, creating challenges for traders and market participants. As Kevin Britz, Founder of Perennial, explains: “Despite the growth of DeFi, only a small portion of crypto’s order flow happens on-chain, with much of it spread across hundreds of Layer 1 (L1) and Layer 2 (L2) chains. These appchains and isolated automated market makers (AMMs) have created a landscape where liquidity is siloed, leading to poor trade execution, higher costs, increased slippage, and limited leverage opportunities.”

Perennial Intents aims to solve this problem by consolidating order flow into a unified liquidity layer. Rather than fragmenting liquidity across multiple appchains or isolated AMM pools, Perennial’s intent-based trading model integrates order flow from various venues, creating a more efficient and cohesive system that benefits traders with better pricing and execution.

A Hybrid Model for the Future of DeFi Trading

While intent-based trading is not new to DeFi, Perennial introduces a hybrid model that combines intent-based off-chain order matching with on-chain AMM settlement. This unique approach streamlines trading by pairing the flexibility of off-chain order matching with the transparency and security of on-chain settlement. The result is optimal price execution for traders, while enabling liquidity solvers to dynamically manage liquidity pools without the need for long-term collateral commitments. This breakthrough hybrid model unlocks deeper markets and significantly enhances efficiency in DeFi trading.

One-Click Trading and Perennial Petals Program

In addition to the launch of Perennial Intents, the platform is introducing two major upgrades aimed at enhancing user experience and engagement:

• One-click Trading: This feature simplifies the trading process by allowing users to trade with a single collateral account, reducing friction and making DeFi trading as seamless as possible.

• Perennial Petals Program: The Petals program rewards users for their trading activity, offering points for each trade. To kick off the launch, Perennial is offering 2x points during the initial period, giving users an added incentive to engage with the platform.

Peter Haymond, Senior Partnerships Manager at Offchain Labs, shared his excitement about the potential of Perennial Intents, stating, "Perennial’s work with intent-based derivatives is transforming DeFi by aligning market interactions with users' specific goals. This approach allows users to define their desired financial outcomes, enabling more efficient and personalized trading experiences on Arbitrum."

The Road Ahead for Perennial

Founded to be the liquidity backbone of DeFi, Perennial is a derivatives platform that powers DeFi-native products with deep liquidity and innovative features. With backing from prominent investors like Polychain, Variant, and Archetype, Perennial has already facilitated over $2.8 billion in trading volume. The platform has formed strong partnerships with leading trading interfaces such as Kwenta, Siren, Rage Trade, and Cryptex Finance, expanding its ecosystem and driving further growth.

Perennial Intents marks an important step forward in the evolution of DeFi by offering a solution that unifies liquidity across disparate venues, allowing for more efficient, scalable, and profitable trading experiences. By integrating order flow and liquidity, Perennial is setting the stage for the next generation of DeFi derivatives and addressing key barriers to widespread adoption.

For more information about Perennial Intents, visit the official website or join the Perennial community on Discord.

Contact Information

Lucas Terry

Head of Marketing, Perennial

Email: [email protected]