Perena, founded by Anna Yuan, aims to become the key platform for the management and trading of stablecoin on Solana, creating innovative infrastructures that facilitate liquidity, secure exchanges, and a new form of synthetic money.
Let’s see all the details in this article.
Anna Yuan and the vision of a neutral platform for stablecoin on Solana
The world of stablecoins, one of the most dynamic areas of the cryptocurrency sector, is about to be revolutionized by Perena, the new startup founded by Anna Yuan.
Former head of stablecoins at the Solana Foundation, Yuan has decided to embark on an independent path to tackle one of the main challenges of the market: creating an interoperable and highly liquid ecosystem for stablecoins on Solana.
The company has already raised about 3 million dollars in a pre-seed funding round led by Borderless Capital.
This initial capital will be used to develop the platform and consolidate Perena’s position as a fundamental infrastructure for trading and the use of stablecoins.
Unlike other startups in the sector, Perena is not interested in launching a new stablecoin. Instead, it focuses on developing on-chain systems that ensure liquidity for a wide range of existing stablecoins.
This approach allows new market entities to easily access a trading infrastructure without having to worry about issues related to scalability or adoption.
As explained by Yuan:
“If PayPal, Robinhood, and 20 other companies decided to issue stablecoins on Solana, they would find it difficult to achieve significant adoption without a system that supports them. Perena wants to be that fundamental, neutral, and indispensable layer for stablecoin issuers.”
This view is based on the belief that stablecoins are not only tools for cryptocurrency traders, but also stores of value and means of exchange that could transform traditional money.
Why Solana?
Solana was chosen as the platform for the project due to its technical characteristics: high transaction speeds and low fees.
Yuan believes that these qualities can encourage a greater number of users to explore the on-chain economy through stablecoins.
An additional key factor is the increasing use of stablecoin for salary payments in the bull sector of cryptocurrencies.
More and more companies are paying their employees in stablecoin, introducing a decentralized economic system. This phenomenon is contributing to increasing the adoption and daily use of these digital currencies.
Perena is developing swap pools that will allow users to exchange up to seven different stablecoins with extreme ease.
Inspired by platforms like Curve’s 3pool on Ethereum, these pools not only facilitate exchanges but also offer yield opportunities for stablecoin holders.
Users will be able to lend their currencies in the pools, earning a return proportional to their level of risk.
In addition to the swap pools, Perena is working on an ambitious project: a form of synthetic money that, according to Yuan, will be more resilient than traditional fiat currencies.
This synthetic money will take the form of a collateralized debt position (CDP) stablecoin, backed by other stablecoins.
The model is inspired by MakerDAO and the functioning of the stablecoin DAI, but with some innovations designed to create greater synergies between the elements of the platform.
A bet on the future of stablecoin
The entire Perena project represents a bet on the growing importance of stablecoins not only as assets for traders, but also as tools for daily financial management.
Yuan sees stablecoin as a key component for the future of money, especially in a context where more and more people rely on digital solutions for their economic needs.
The possibility of using stablecoin in a more fluid and convenient way, thanks to systems like those developed by Perena, could accelerate the transition towards a decentralized economy.
Furthermore, the infrastructure offered by the startup aims to make the user experience more secure, intuitive, and efficient.
