TechFlow News, according to The Block, DeFi derivatives protocol Perennial has raised $12 million in a seed funding round led by Polychain Capital and Variant, with participation from Archetype, Coinbase Ventures, Scalar Capital, Robot Ventures, among others.
Perennial was co-founded by Kevin Britz and Arjun Rao. The protocol has not yet issued a token. Prior to Perennial, the two co-founded Astro Wallet in 2017, which was acquired by Coinbase in 2019. Britz said they are currently still working with Coinbase in advisory roles. Original link




