According to Deep Tide TechFlow news on December 4, as reported by financefeeds, the decentralized derivatives protocol Perennial announced the launch of Perennial Intents, an innovative perpetual contract intent layer solution aimed at unifying the fragmented liquidity landscape in DeFi. Perennial founder Kevin Britz stated that currently, only a small portion of cryptocurrency trading volume occurs on-chain, and it is dispersed across hundreds of L1 and L2 networks. Perennial Intents provides deeper market depth and better price execution by integrating liquidity from on-chain and off-chain trading venues.
It is reported that the agreement combines an off-chain order matching and on-chain AMM settlement hybrid model, while launching a one-click trading feature and the Perennial Petals rewards program, which offers double points during the initial launch period. Currently, Perennial has integrated with major trading platforms such as Kwenta, Siren, Rage Trade, and Cryptex Finance.