Perena Unveils Numeraire: A Multi-Stablecoin Liquidity Pool
In Brief
Perena introduced Numeraire to optimize market liquidity and improve operational efficiency by leveraging a unified hub asset, USD*.
Decentralized stablecoin infrastructure, Parena introduced the Perena Pool, Numeraire, a multi-stablecoin liquidity pool designed to facilitate the creation and exchange of stablecoins. This initiative aims to optimize market liquidity and enhance operational efficiency through the use of a unified hub asset called USD* (USD Star).
Numeraire consists of two types of pools: a Seed Pool, comprising stablecoins like USDT, USDC, and PYUSD, and Growth Pools, which pair individual stablecoins with USD* to create tailored liquidity solutions. Participants in the Seed Pool receive USD* as their Liquidity Provision (LP) token.
The Perena Pool employs several strategies to improve functionality and efficiency. These include the Hub-and-Spoke Swap Model, where a central hub asset (USD*) connects with multiple spoke assets, enabling streamlined swaps between any two spoke assets via the hub. Additionally, the model uses Bounded Liquidity, which concentrates liquidity around stable price points to reduce slippage while preserving liquidity density.
These strategies provide liquidity providers with opportunities for higher yields and grant users access to larger liquidity pools and more efficient trading. The central hub asset, USD*, functions as the LP token of the Seed Pool, connecting various stablecoins. New pools can be created by pairing USD* with other stablecoins, granting them access to USD*’s liquidity without exposing the Seed Pool to depeg risks.
In order to contribute liquidity, users are encouraged to deposit stablecoins into the Seed Pool, receive USD* LP tokens, and use these tokens to seed liquidity in partner pools. This approach supports the growth of additional stablecoin ecosystems within the Perena infrastructure.
At launch, Numeraire supports stablecoins, including USDC, USDT, PYUSD, sUSD, USDS, and cfUSD. Users can conduct seamless and efficient stablecoin swaps at competitive fees. To participate, users must visit the swap webpage on Perena, enter the code “OPOP,” join the Perena community on Telegram, and refer friends to climb the liquidity provision waitlist.
What Is Parena?
Perena is developing foundational infrastructure to support the evolution of digital money, with a focus on addressing key issues within the stablecoin market, valued at over $170 billion. While stablecoins have advanced digital payments and established themselves as integral to decentralized finance (DeFi), the market faces several challenges. These include fragmented liquidity pools that operate in isolation, inefficiencies in capital usage, and user experiences that are often overly complex and cumbersome.
Numeraire, Perena’s first product, is designed to enhance capital efficiency by implementing bounded liquidity and intelligent swap routing. It safeguards trades by incorporating built-in protections against Miner Extractable Value (MEV) exploitation, ensuring a more secure and reliable trading experience.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
