Perena is a project that makes it easy to use stablecoins—cryptocurrencies pegged to $1.
With its unique mechanism called Numéraire, users can easily issue and trade stablecoins.
By utilizing the Solana blockchain, Perena enables fast and low-cost transactions.

Perena raised approximately $3 million in a Pre-Seed round. This round was led by Borderless Capital and included participation from Binance Labs (now YZi Labs), Primitive Crypto, and others.

Perena Pre-Season Petals Program

Perena has launched the Pre-Season Petals Program, where users earn rewards called Petals by swapping stablecoins or providing liquidity. These Petals are point-like rewards distributed to users of the Numéraire AMM and may later be redeemable for tokens or other benefits—so now’s the time to get involved!

• End of Season 0: Ended on January 28, 2025. Snapshot taken. Petals accumulated will carry over to the next season.
• Pre-Season Boost Starts: Program resumed before the launch of Season 1. Users with Petals can check balances on the official site.
• Partner Benefits: Connecting with the Backpack Wallet gives you a 3% reward boost

Quick Steps

1. Connect your wallet on the official site and enter the invitation code AVJXAB
2. Swap stablecoins
3. Deposit USD or LP tokens in pools for a certain period (longer = more rewards!)
4. Refer friends

Step-by-Step with Images

1.Connect your wallet on the official site and enter the invitation code AVJXAB

2.Swap stablecoins

3.Deposit USD or LP tokens into the pool (longer = more rewards!)

4.Refer friends

Objective and Activities

Perena aims to solve the decentralization and capital inefficiency in the stablecoin market.
Its core activities include improving stablecoin issuance, trading, and liquidity via the Numéraire AMM—especially with fast and low-cost transactions on Solana.

• Stablecoin Issuance & Trading: Easy issuance and trading with optimized liquidity.
• Integration with Solana IBTs: First-ever integration with Solana's Interest Bearing Tokens to foster innovation.
• Access to Tokenized Real-World Assets: Earn yield by holding stablecoins.

Strengths & Vision

Perena addresses the inefficiencies and fragmentation of the stablecoin market.
It creates an ideal environment for issuers, LPs, and traders. The vision is to make stablecoins more accessible and highly liquid.

Perena uses a hub-and-spoke model where all trades go through a central asset called USD*.
This allows issuers to reduce initial capital and improve trade rates.

Problems Solved

• Fragmentation of the Stablecoin Market
• Low Capital Efficiency
• Complex User Experience

Tokenomics

The tokenomics revolve around an LP token called USD*, representing ownership in the Seed Pool.
Value increases via swap fees, which are automatically distributed to liquidity providers.

• Seed Pool LP Token
• Automatic Revenue Distribution

Partnerships

Perena is backed by strong partners including Solana Foundation and Jump Trading, as well as investors like Binance Labs and Borderless Capital.

Roadmap

• Deploy Numéraire AMM
• Integrate Solana IBTs
• Expand Strategic Partnerships

For more details, see the full documentation