Perennial's efforts in the intent-based derivatives space, combining DeFi market interactions with users' specific goals, are transforming the landscape of DeFi.
Author: Perennial
Translation: Deep Tide TechFlow
Perennial has announced the launch of Perennial Intents, a unique intent layer designed specifically for perpetual futures, aimed at integrating fragmented liquidity in DeFi and providing an exchange-like seamless trading experience on-chain. By combining on-chain and off-chain liquidity sources, Perennial Intents offers users deeper markets, better prices, and a unified trading experience, pushing decentralized finance (DeFi) into a new phase.
Solving the Liquidity Fragmentation Problem in DeFi
Perennial founder Kevin Britz stated, "The launch of Perennial Intents comes at a critical moment in DeFi's development. Despite the growing DeFi ecosystem, only a small fraction of cryptocurrency order flow occurs on-chain, and this order flow is dispersed across hundreds of L1 and L2 networks. With the rise of application chains (Appchains) and isolated AMMs, there are now over 100 chains with a total locked value (TVL) exceeding $10 million (data source: DeFiLlama), but each chain operates its own financial ecosystem independently. This liquidity fragmentation not only leads to higher trading costs and increased slippage but also limits opportunities for leverage."
To address these issues, Perennial Intents proposes a solution that integrates order flow through a unified liquidity layer. Unlike traditional methods that disperse liquidity across application chains or AMM pools, intent-based trading can consolidate order flow across multiple venues, creating a more efficient and coherent trading system.
Hybrid Model Leading the Future of DeFi
While intent is not a new concept in DeFi, Perennial Intents introduces an innovative layered model that combines off-chain intent-based order matching with on-chain AMM settlement. This hybrid model not only simplifies the trading process but also provides traders with better price execution guarantees. At the same time, it allows liquidity managers to dynamically adjust liquidity without long-term locking of collateral assets, thereby unlocking deeper market liquidity and enhancing overall efficiency.
One-Click Trading and Perennial Petals Rewards Program
This launch is accompanied by two significant upgrades: the one-click trading feature and the Perennial Petals points rewards program. Users can now complete seamless trades through a single collateral account, while the Petals rewards program distributes points based on users' trading activities, with double points rewards available during the initial launch phase.
The Arbitrum team is excited about this innovation and emphasizes the transformative potential of intent-based derivatives. Peter Haymond, Senior Partnerships Manager at Offchain Labs, stated, "Perennial's efforts in the intent-based derivatives space, combining DeFi market interactions with users' specific goals, are changing the landscape of DeFi. This approach allows users to clarify their financial objectives, enabling more efficient and personalized trading on Arbitrum."
About Perennial
Perennial is a derivatives protocol focused on DeFi, aiming to be the core pillar of liquidity in the DeFi ecosystem. Supported by top investment firms such as Polychain, Variant, and Archetype, Perennial has facilitated over $2.8 billion in trading volume. Its expanding ecosystem has integrated with well-known trading interfaces such as Kwenta, Siren, Rage Trade, and Cryptex Finance.
For more information about Perennial Intents, users can visit their official website or join the Discord community.
Contact Information
Marketing Director
Lucas Terry
Perennial
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