Perennial Labs has built Perennial, a DeFi derivatives protocol that combines a simplified trading interface with a capital-efficient liquidity model. The platform also exposes low-level primitives that allow other developers to create customized decentralized derivative products on top of it. According to the company, Perennial is already live on mainnet, giving traders and liquidity providers immediate access to its features. The venture was founded by Kevin Britz and Arjun Rao, the duo behind Astro Wallet, which they launched in 2017 and later sold to Coinbase. By focusing on ease of use for both traders and builders, the team aims to broaden participation in on-chain derivatives markets. No operating metrics such as revenue or user counts were disclosed in the article.

Total raised

$12M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2022