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

Episode Date: December 3, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/perennial-unveils-a-novel-intent-layer-for-perpetuals-solving-defis-fragmented-liquidity-problem. By sourcing liquidity from on-chain and off-chain venues, Perennial Intents is delivering deeper markets, better prices, and a unified trading experience design Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #perennial, #chainwire, #press-release, #crypto-exchange, #blockchain-development, #crypto-liquidity, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Perennial Intents is a unique intents layer for perpetual futures. Perennial claims this model streamlines trading by pairing intent-based order matching with on-chain AMM settlement.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Perennial unveils a novel intent layer for perpetuals, solving DeFi's fragmented liquidity problem, by Chainwire. New York, United States, December 3, 2024, Chainwire, Perennial announced the launch of Perennial Intents, Onyx 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 greater than perennial intents arrive at a pivotal time for DeFi, said Kevin Britz, founder of Perennial. Greater than greater than greater than, despite its growth, only a fraction of crypto's order flow happens on-chain, greater than most of which is fragmented across hundreds of L1s and L2s. The rise of greater-than-app chains and isolated AMMs has led to over 100 chains with $10 million-plus in TVL greater than DeFi Lama, each operating its own siloed financial ecosystem. This greater-than-fragmented liquidity leads to worse trade execution, with higher costs,

greater-than-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 in the Perennial Petals program. Alongside Perennial Intents, the launch includes two additional upgrades. One-click trading in 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. Greater than, perennials work with intent-based derivatives

as transforming DeFi by greater than aligning market work with intent-based derivatives is transforming defy by greater than aligning market interactions with users specific goals said peter haymond greater than senior partnerships manager at off-chain labs greater than this approach lets users define their desired financial outcomes enabling greater than more efficient and personalized trading on arbitrum 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 Quenta, 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 Perennialucas at perennial.finance. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.