Company Market Research Report: Perennial

Company Overview

• Name: Perennial

• Mission: To provide a hyper-efficient, intent-powered exchange that unifies liquidity to meet the demands of traders, liquidity providers, and developers.

• Founded: October 2021

• Key People: No information is available

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• What is the Company Known For: Perennial is known for its derivative trading platform that offers intent-based perpetuals exchange, unifying liquidity across multiple markets to offer traders powerful derivatives with unified liquidity.

Products

Derivative Trading Platform

• Description: Perennial operates a hybrid intent/AMM derivatives protocol designed for DeFi. It enables market-isolated derivatives trades with a focus on providing exposure to oracle price feeds.

• Key Features:

• Hybrid Intent-AMM: Allows deep pools of liquidity access while maintaining capital efficiency for makers.

• Cash-settled Trades: Settlements in USD instead of cryptocurrencies.

• Low Fees: Hyperefficient mechanism design minimizes transaction and funding fees.

• Native LP Leverage: Liquidity Providers can leverage up to 50x and customize risk exposure.

• Developer-Friendly Design: Offers a composable primitive for easy integration and low-fee, on-chain operations.

• Permissionless Market Creation: Supports flexible market creation and integration.

Ecosystem

• Unified Liquidity: Cross-interface connection within DeFi providing shared liquidity and enabling new market creation.

• One-Click Trading: Simplifies trading by removing collateral management across multiple markets.

Recent Developments

• Recent Developments: No information is available

• New Products Launched: No information is available

• New Features Added to Existing Products:

• Frictionless trading with a one-click operation.

• Deposit once system for seamless trading across various markets.

• New Partnerships: Backed by major partners such as Polychain, Variant, and Archetype.

Security and Compliance

• Security Emphasis: Strong focus on security through rigorous processes.

• Bug Bounty: Offers a program to identify and rectify vulnerabilities in the protocol.

• Audits: Conducts audits to ensure the security of the protocol, promoting transparency and safety.

Conclusion

Perennial stands out for its minimalist and highly efficient design, tailored to meet the needs of market traders, liquidity providers, and developers within the DeFi ecosystem. It offers a streamlined trading experience through unified liquidity and minimal fees, with a strong focus on security and developer accessibility.