Archetype, Scalar Capital, Robot Ventures, Coinbase Ventures, a.capital, and a number of angel investors also participated in the round.
The capital raising occurred earlier this year, but the business just recently publicized it, one month after the collapse of centralized exchange FTX, which cast doubt on the future of all crypto initiatives.
Perennial is a derivatives protocol designed from the ground up to be a DeFi-native primitive.
Perennial allows for the establishment of two-sided markets comprised of traders and liquidity providers. Traders deposit assets in order to get leveraged exposure to various price feeds, while liquidity providers pool resources in order to earn fees for taking the opposite side of trading positions.
Rather than creating a one-size-fits-all solution, Perennial adheres to the design philosophy behind protocols such as Uniswap V3 and Compound III by staying simple and unopinionated at its core, enabling market players to make the market structure and design decisions.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…
BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…
Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…
Over the years, meme coins have evolved from inside jokes into serious investment opportunities.
Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…
Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…
This website uses cookies.