Decentralized derivatives protocol Perennial announces the launch of perpetual contract layer Perennial Intents
According to financefeeds, the decentralized derivatives protocol Perennial has announced the launch of Perennial Intents, an innovative solution for perpetual contract intent layers aimed at unifying the fragmented liquidity pattern in DeFi.
Perennial's founder Kevin Britz stated that currently only a small portion of cryptocurrency trading volume occurs on-chain and is scattered across hundreds of L1 and L2 networks. Perennial Intents integrates liquidity from both on-chain and off-chain trading venues, providing deeper market depth and better price execution.
It is reported that this protocol combines a hybrid model of off-chain order matching with on-chain AMM settlement. It also introduces one-click trading functionality and the Perennial Petals points program which offers double points rewards during its initial launch period. Currently, Perennial has completed integration with major trading platforms such as Kwenta, Siren, Rage Trade, and Cryptex Finance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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