Perena is a decentralized finance (DeFi) protocol built on the Solana blockchain that focuses on stablecoin infrastructure. It aims to create a more efficient and accessible financial system by streamlining the process of issuing and managing stablecoins. While Perena has not officially announced an airdrop, the platform has launched a points program, leading to speculation about a potential airdrop in the future. This article explores Perena, its points program, and how you might increase your chances of receiving an airdrop if one occurs.
What is Perena?
Perena is building stablecoin infrastructure to pave the way for a more efficient, accessible, and equitable financial system. It allows users to enjoy guaranteed redemption and diversified risk-free yield from cash equivalent assets issued by regulated entities 1 . Founded by Anna Yuan, the former head of stablecoins at the Solana Foundation Perena aims to become a key platform for managing and trading stablecoins on Solana by creating innovative infrastructures that facilitate liquidity and secure exchanges . Notably, Perena is not interested in launching its own stablecoin. Instead, it focuses on developing on-chain systems that ensure liquidity for a wide range of existing stablecoins, including USDT, USDC, PYUSD, BUSD, PAXG, and XAUt This approach allows new market entities to easily access a trading infrastructure without having to worry about issues related to scalability or adoption
The platform’s primary feature is a hub-and-spoke model, where all trades route through a core “hub” asset (USD*), reducing upfront capital requirements and improving swap rates. Perena’s innovative approach aims to make stablecoins more liquid, usable, and rewarding in DeFi. Perena’s goal is to bring traditional banking efficiency to the blockchain ecosystem by allowing users to access liquid synthetic dollars created through stable swaps, addressing fragmentation, and reducing stablecoin issuance risks. With Perena, users can mint stablecoins and leverage them to earn yield on tokenized real-world assets. The platform acts as a foundational layer for on-chain finance, offering users capital efficiency while supporting broader DeFi adoption.
Perena’s flagship product, Numéraire, aims to solve the problems of fragmented liquidity and capital inefficiencies when launching a new stablecoin. Numéraire eliminates the need for active market makers, which means less capital is needed for launching new stablecoins. Perena also provides a multi-stablecoin liquidity pool, allowing seamless exchanges between various stablecoins.
Several investors have shown confidence in Perena’s potential. Some of the key investors include Borderless Capital, YZi Labs, SevenX Ventures, and ABCDE Capital. Recently, Perena raised $3 million in a pre-seed funding round led by Borderless Capital and Binance Labs. This funding will be used to expand the team, grow the community, and build out Perena’s stablecoin product suite.
Perena’s Points Program (“Petals”)
Perena has launched a points program called “Petals,” where users can earn points for various activities on the platform. This has led to speculation that these points may be used to determine eligibility or the amount of tokens received in a potential future airdrop.
Here’s a breakdown of how you can earn Petals:
- Go to https://app.perena.org/swap
- You can use referral code: FFLEAC for 100 points
- Swap tokens
- Go to https://app.perena.org/
- Add liquidity
| Action | Petals Earned |
| Swapping | 0.1 petals per dollar swapped |
| Providing Liquidity | Varies based on the amount provided |
| Holding USD* | 100 petals per day for holding at least $100 USD* |
| Referrals | 100 petals per referral + 5% of their earnings |
Current Status of a Potential Perena Airdrop
As of December 2024, Perena has not yet officially announced any plans for an airdrop. However, the recent launch of the Petals program and the project’s growing popularity have fueled speculation about a possible airdrop in the future. It’s important to approach this with realistic expectations and understand that participating in the Petals program does not guarantee you will receive any tokens.
How to Increase Your Chances of Receiving a Potential Perena Airdrop
While there’s no guarantee of an airdrop, here are some steps you can take to potentially increase your chances:
- Participate in the Petals program: Actively engage in the Petals program by swapping stablecoins, providing liquidity, and referring friends. The more points you accumulate, the better your chances might be if an airdrop occurs. This demonstrates your active involvement in the Perena ecosystem and your interest in the project’s success.
- Provide Liquidity: Providing liquidity to Perena’s stablecoin pools is another way to potentially increase your chances. By contributing to the platform’s liquidity, you are helping to ensure its smooth operation and demonstrating your commitment to its long-term growth.
- Hold USD*: Holding a significant amount of USD* might also be a factor in determining airdrop eligibility. This shows your confidence in Perena’s native stablecoin and your belief in the platform’s potential.
- Follow Perena on social media: Stay updated on Perena’s announcements and news by following their official social media channels. This will help you stay informed about any potential airdrop announcements or changes to the Petals program.
- Join the Perena community: Engage with the Perena community on platforms like Telegram or Discord. Participating in discussions and providing feedback might demonstrate your interest in the project and increase your chances of being recognized as a valuable community member.
Important Considerations
- No Guarantee: It’s crucial to remember that there’s no official confirmation of a Perena airdrop. Participating in the Petals program does not guarantee you will receive any tokens.
- Risks: As with any DeFi protocol, there are risks involved in using Perena. These include smart contract risks, impermanent loss when providing liquidity, and the potential for hacks or exploits. Always do your own research and understand the risks before participating.
- Eligibility Criteria: If Perena does decide to conduct an airdrop, the eligibility criteria may include factors beyond just Petals points. This could include the duration of your involvement with the platform, the amount of USD* held, and your overall engagement with the Perena ecosystem.
- Risks Associated with Tokenized Real-World Assets: While Perena offers the ability to earn yield on tokenized real-world assets, it’s important to be aware of the associated risks. These include regulatory uncertainty, cybersecurity risks, and operational risks.
Conclusion
Perena is a promising DeFi protocol on the Solana blockchain with a focus on stablecoin infrastructure. Founded by a former head of stablecoins at the Solana Foundation, Perena offers a unique approach by focusing on building infrastructure for existing stablecoins rather than launching its own. The platform’s innovative features, such as Numéraire and multi-asset stablecoin pools, aim to improve liquidity, efficiency, and accessibility in the stablecoin market.
While an airdrop is not guaranteed, participating in the Petals program and actively engaging with the Perena ecosystem could potentially increase your chances of receiving an airdrop if one occurs. Early involvement in the Petals program, providing liquidity, holding USD*, and actively participating in the community are some of the ways you can demonstrate your commitment to the platform.
However, it’s crucial to remember that there are risks involved in any DeFi protocol, including smart contract risks and impermanent loss. Always do your own research, understand the risks, and approach any potential airdrop with realistic expectations. Even without a guaranteed airdrop, Perena’s innovative approach to stablecoin infrastructure and its potential for growth make it a project worth considering for those interested in the Solana DeFi ecosystem.
