Perena, founded by Anna Yuan, former head of stablecoins at the Solana Foundation, has raised about $3 million in a Pre-Seed round of financing led by Borderless Capital.
According to founder Anna Yuan, Perena is building a stablecoin exchange pool that allows traders of up to seven different stablecoins to easily swap between assets - just like Curve's 3pool does on Ethereum. Stablecoin holders will be able to earn additional returns by borrowing assets into the pool, earning more according to their risk tolerance. In addition to the mining pool infrastructure, Perena also plans to build a "synthetic currency" that, according to Yuan, will be more resilient than the fiat currency most people hold in traditional bank accounts. This will take the form of a "collateralized debt position" (CDP) stablecoin backed by other stablecoins - just like MakerDAO (now Sky) did with DAI. Perena has not yet finalized its design, but Anna Yuan hopes that building CDPs next to stable exchanges will create more "synergies."
Earlier news, Binance Labs announced its investment in Solana's ecological stablecoin infrastructure protocol Perena. (Coindesk)