๐ Perena has just secured $3.00M in its funding rounds! ๐
๐นAbout: Perena is a stablecoin infrastructure protocol designed to enhance liquidity and usability within the Solana ecosystem. Founded by Anna Yuan, a former head of stablecoins at the Solana Foundation, Perena aims to create a neutral platform for managing and trading stablecoins. The project addresses liquidity fragmentation by providing a multi-stablecoin liquidity pool, allowing seamless exchanges between various stablecoins. Perena recently raised $3 million in a pre-seed funding round led by Borderless Capital. The platform's primary feature is a hub-and-spoke model, where all trades route through a core "hub" asset (USD*), reducing upfront capital requirements and improving swap rates. Perena's innovative approach aims to make stablecoins more liquid, usable, and rewarding in DeFi. By focusing on interoperability and high liquidity, Perena seeks to become a fundamental layer for stablecoin issuers on Solana. ๐๐
๐น Lead Investors: Binance Labs, Borderless Capital, SevenX Ventures, ABCDE and more.
๐น Total Raised: $3.00M.
๐น Project Category: DeFi, DEX, Solana Ecosystem.
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