TechFlow news — On December 4, according to financefeeds, decentralized derivatives protocol Perennial announced the launch of Perennial Intents, an innovative intent-based solution for perpetual contracts designed to unify the fragmented liquidity landscape in DeFi. Kevin Britz, founder of Perennial, noted that currently only a small fraction of cryptocurrency trading volume occurs on-chain, and it is scattered across hundreds of L1 and L2 networks. Perennial Intents aims to address this by aggregating liquidity from both on-chain and off-chain trading venues, offering deeper market depth and improved price execution.
The protocol utilizes a hybrid model combining off-chain order matching with on-chain AMM settlement. It also introduces a one-click trading feature and the Perennial Petals points program, which offers double points rewards during the initial launch period. Perennial has already integrated with major trading platforms including Kwenta, Siren, Rage Trade, and Cryptex Finance.
