Perennial officially launched Perennial Intents, a new intent layer designed specifically for perpetual futures, which aims to integrate DeFi's decentralized liquidity and provide a centralized exchange-like experience on-chain. By connecting on-chain and off-chain liquidity sources, Perennial Intents brings deeper market liquidity, better transaction prices, and an integrated trading experience to promote the development of the DeFi industry.

Addressing the Challenge of DeFi Liquidity Fragmentation

“Perennial Intents comes at a critical juncture in the development of DeFi,” said Kevin Britz, founder of Perennial. “Despite the growth of DeFi, on-chain transactions only account for a small part of cryptocurrency order flows, and these liquidity are scattered across hundreds of L1 and L2 networks. The rise of application chains and independent AMMs has resulted in more than 100 chains with a total locked volume of more than $10 million ( DeFiLlama data ), but each has formed an independent financial system. This decentralized liquidity brings many problems to transaction execution, such as increased transaction costs, increased slippage, and limited leverage opportunities.”

Perennial Intents aims to break down liquidity silos by integrating order flows from different sources. Unlike application chains or AMM pools, the intent layer integrates multi-party liquidity into a unified trading framework to create a more efficient market.

DeFi’s future hybrid model

Although the intent layer is not a new concept in DeFi, Perennial Intents introduces a hybrid model that combines off-chain order matching with on-chain AMM settlement. Perennial said that this model can not only simplify transactions through intent-based off-chain order matching, but also ensure efficient settlement of on-chain AMM, thereby providing traders with the best price. At the same time, liquidity managers can dynamically adjust funds without long-term collateral, further improving market depth and efficiency.

One-Click Trading and Perennial Petals Program

The launch also brings two new features: one-click trading and the Perennial Petals points program. Now, users only need one mortgage account to achieve seamless trading, and the Petals program rewards users for trading activities, with double points in the initial stage.

The Arbitrum team expressed its anticipation for the launch, noting that intent-based derivatives have great transformative potential. “Perennial’s intent-based derivatives revolutionize DeFi, enabling a more efficient and personalized trading experience by allowing users to define their trading goals,” said Peter Haymond, senior partnership manager at Offchain Labs.

About Perennial

Perennial is a DeFi native derivatives protocol that aims to provide a liquidity backbone for DeFi. With the support of top investors such as Polychain, Variant, and Archetype, Perennial has facilitated more than $2.8 billion in trading volume. Its ecosystem continues to expand, with tight integrations with platforms such as Kwenta , Siren , Rage Trade , and Cryptex Finance .

For more information, visit Perennial’s official website , join the Discord community, or contact lucas@perennial.finance.