ChainCatcher reports that the decentralized derivatives protocol Perennial has announced the launch of Perennial Intents, an innovative perpetual contract intent layer solution designed to unify 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 on-chain and off-chain trading venue liquidity.
It is reported that the protocol combines a hybrid model of off-chain order matching and on-chain AMM settlement, while also launching a one-click trading feature and the Perennial Petals rewards program, which offers double points during the launch period. Currently, Perennial has completed integrations with major trading platforms such as Kwenta, Siren, Rage Trade, and Cryptex Finance.
