Binance Labs has invested in Quine Co., the core contributor behind Perena, a leading stablecoin infrastructure protocol. Perena’s mission is to create a more decentralized, efficient, and accessible financial system by combining the best of DeFi innovation with traditional financial principles.
Built natively on Solana, Perena leverages advanced financial engineering to bridge traditional banking efficiency with decentralized finance. By transforming stableswaps into liquid synthetic dollars, Perena aims to eliminate stablecoin ecosystem fragmentation and spread out issuance risk. The platform enables users to mint stablecoins, gain exposure to tokenized real-world asset (RWA) yield, and access custom risk-reward profiles via a tranched collateralized debt position (CDP) system. This foundational layer for on-chain money is set to unlock capital efficiency and drive the next generation of DeFi and PayFi applications.
Perena recently launched Numéraire, the first weighted multi-token extensible stableswap that doesn’t require active concentrated liquidity market maker (CLMM) management, significantly lowering capital requirements for new stablecoin launches.
Binance Labs’ investment in Perena’s pre-seed round will help the team expand, grow its global community by engaging builders and educators, and build a comprehensive stablecoin product suite on Solana.
“Binance Labs remains committed to providing evergreen support for early-stage projects that are driving the growth of the Web3 ecosystem. We are excited to back Perena at the very early stages of their journey and assist them in their mission to onboard the next wave of stablecoin users on Solana,” said Max Coniglio, Investment Director, Binance Labs.
“We are deeply honored to have Binance Labs as our investor and partner. Their support for our mission to build a robust financial system on-chain brings us one step closer to realizing our vision of pushing the cutting edge of finance,” said Anna, Founder, Perena.
