New York, United States, December 3rd, 2024, Chainwire
Perennial announced the launch of Perennial Intents, a unique 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
“Perennial Intents arrive at a pivotal time for DeFi," said Kevin Britz, Founder of Perennial. "Despite its growth, only a fraction of crypto’s order flow happens on-chain, most of which is fragmented across hundreds of L1s and L2s. The rise of appchains and isolated AMMs has led to over 100 chains with $10M+ in TVL (DeFiLlama), each operating its own siloed financial ecosystem. This fragmented liquidity leads to worse trade execution, with higher costs, 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 and the Perennial Petals Program
Alongside Perennial Intents, the launch includes two additional upgrades: one-click trading and 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. "Perennial’s work with intent-based derivatives is transforming DeFi by aligning market interactions with users’ specific goals," said Peter Haymond, Senior Partnerships Manager at Offchain Labs. "This approach lets users define their desired financial outcomes, enabling 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 Kwenta, 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 Perennial lucas@perennial.finance
Disclaimer: Press release sponsored by our commercial partners.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Victoria, Seychelles, June 5th, 2025, Chainwire
Following the successful debut of the limited-edition BYDFi x Ledger Nano X hardware wallet at TOKEN2049 Dubai, global crypto exchange BYDFi and hardware wallet leader Ledger have launched a global campaign to engage crypto KOLs and content creators. With only 500 units available worldwide, the initiative invites Web3 participants to promote secure self-custody and mobile-first asset protection by applying to join this exclusive collaboration.
Cam...
New York, United States, June 5th, 2025, Chainwire
The Kaspa mining landscape has entered turbulent waters. Since Q1 2025, the KAS token has dropped more than 35%, dipping below $0.10, while the network’s emission rate continues to fall by approximately 5% every month as part of its programmed block size reduction.
For many miners, this is a double hit: lower block rewards and lower token value. Margins are evaporating. Entire farms are going offline. Even experienced operators are finding them...
San Francisco, CA, June 5th, 2025, Chainwire
Central liquidity engine of the Move ecosystem surpasses $3 billion swap volume in less than two months, becoming the fastest growing DEX on Sui; will use strategic funding round to help grow Sui DeFi ecosystem.
Momentum, one of the fastest-growing decentralized exchanges (DEX) on the Sui blockchain, has raised a new strategic funding round at a $100 million valuation led by OKX Ventures with participation from Coinbase Ventures, Gate Ventures, MEXC...
