TechFlow news, December 11 — According to CoinDesk, Perena, founded by Anna Yuan, former stablecoin lead at the Solana Foundation, has raised approximately $3 million in a Pre-Seed funding round led by Borderless Capital.
Anna Yuan stated that Perena is building liquidity pools enabling traders to seamlessly swap among up to seven different stablecoins—similar to how Curve’s 3pool operates on Ethereum. Stablecoin holders will be able to earn additional yield by depositing assets into these pools, with returns scaled according to their risk tolerance.
According to Yuan, Perena plans to create a "synthetic currency" more resilient than the fiat currencies most people hold in traditional bank accounts. It will take the form of a collateralized debt position (CDP) stablecoin backed by other stablecoins—similar to how MakerDAO (now Sky) supports DAI. While Perena has not finalized its design, Anna Yuan believes building CDP functionality alongside stable swaps will generate greater "synergy."
Previous report: Binance Labs announced an investment in Perena, a Solana-based stablecoin infrastructure protocol.
