what's Perena?
Perena is a blockchain infrastructure project designed to enhance the usability, liquidity, and yield generation of stablecoins within the DeFi ecosystem. It aims to serve as a neutral layer that facilitates frictionless exchanges of on-chain money by addressing key frictions in stablecoin issuance and trading, particularly for newcomers. Built initially on Solana for its high throughput, Perena focuses on maximizing the potential of idle stablecoin liquidity through innovative tools and integrations. The project tackles challenges in stablecoin deployment by providing streamlined infrastructure that simplifies launches and improves interoperability across protocols. By enabling better liquidity provision and reward mechanisms, Perena seeks to bridge traditional finance stability with decentralized applications, fostering broader adoption in DeFi without relying on outdated tools.
Perena launched its first blind box collection at Solana Breakpoint via PopX.
Unveiled its first blind box collection at Solana Breakpoint conference through PopX.
Experienced temporary issues caused by an undocumented change in Project 0's recent upgrade, which has been resolved.
New UI launched during Breakpoint conference; organic deposits reached $33M (up from $20M in November).
SurfCash, a neobank backed by Circle, Superteam, and BC Founders, partners with Perena to offer users up to 15% APY on stablecoins.
Perena crosses $30M in TVL.
DefiDevCorp, a Solana Digital Asset Treasury, announces partnership with Perena to grow stablecoin yield for $SOL accumulation and $SOL per share growth for $DFDV holders.
The Numéraire points program was discontinued because it wasn't generating enough revenue for the team or liquidity providers.
Perena's first product reached $2B in volume before the team pivoted to develop USD*.
Perena protocol offers USD* holders ~14% APY with a petals reward mechanism that distributes 1 petal per dollar held.
The 7-day rolling APY for USD* stands at approximately 14.89%.
A crypto trader reviewing Solana stablecoins reports that USD* generates 81% of yield from delta neutral strategies and functions as an LP token for yield-bearing stables, but criticizes the project for lack of transparency and states they will not invest until a transparency dashboard exists. (Tweet ID: 1991054992862818749)
The platform reached $20m in total stablecoins minted.
Perena ships a new public dashboard showing yield distribution and TVL growth.
TGE planned between now and end of year, categorized as a stablecoin project.
Raised $3M in funding and operates a yield farming platform where users can deposit stablecoins for APY.
Early deposits go live on Solana.
Hiring a senior frontend engineer focused on optimization and user experience design.
Sponsored and spoke at the Stable Takes stablecoin-focused event at Token2049, appearing alongside industry leaders including Tether and Ondo Finance.
Listed as a Switchboard power user, indicating active integration with the oracle service's infrastructure alongside other major DeFi protocols.
Airdrop reportedly underperformed expectations despite project having a well-designed frontend, according to crypto trader observation comparing it to other projects with similar disappointing outcomes.
Listed among stablecoin projects planning Token Generation Events in Q4 according to crypto trader analysis.
Now featured on Solana Mobile dApp store with Seeker holders receiving 10% APY boost and exclusive badge.
Team expansion underway with hiring of front-end product engineer focused on building user interface for mass adoption.
Announces launch of new stablecoin "USD*" today, different from the previously launched USD' stablecoin from July.
Listed among tokenless Solana protocols being watched by traders, suggesting community anticipation for potential token launch.
Public launch of yield-bearing delta neutral vault in partnership with TradeNeutral.
Launches USD', a U.S. regulated stablecoin on Solana, issued through Brale partnership.
Security alert: Fake tokens and unauthorized accounts are attempting to scam users. Project maintains only two official accounts (@Perena__ and @PerenaStudio).
Stablebank Network expands ecosystem with FourPillars FP partnership, adding institutional research capabilities.
Strategic TradFi market makers have invested in the protocol, while new Benji integration enables risk-free rate yields and RWA vaults are in development.
V2 launch introduces NBBO pricing model, USD on/off ramp with yield, one-click savings vault, and real-time risk monitoring.
Mainstream media coverage increases amid heightened US stablecoin regulatory discussions.
Project receives institutional validation as investment thesis leads to VC firm hires.
Selected as official integrator for M^0's new Solana stablecoin platform.
Points trading available on Exponent with 62x leverage. Referenced investment worth zero at maturity.
Project received Binance investment. Aims to solve Solana stablecoin liquidity. Users can earn Petals (points) with referral codes giving 100 point bonus. Currently has less than $10M TVL.
Discussed for instant balance syncing capabilities.
Received Binance Labs investment December 2023. First stablecoin infrastructure protocol on Solana enabling stablecoin minting and tokenized RWA yield exposure via tranched CDP system.