Perena aims to become the backbone of on-chain money, facilitating the seamless exchange between various stablecoins and traditional finance while pushing the boundaries of what money can be in the digital age.
Our approach focuses on merging money's dual functions as a store of value and medium of exchange. By leveraging Solana’s high throughput and near-instant settlement, we seek to eliminate stablecoin ecosystem fragmentation and diversify issuance concentration.
Numéraire functions as a multi-stablecoin liquidity pool that allows for the seamless creation and swapping of stablecoins — optimizing liquidity and enhancing efficiency across markets. It uses a hub-and-spoke model featuring a Liquidity Provider (LP) token called USD*, representing value in its three-token pool, with potential expansion to include more stablecoins in the future.
USD* represents ownership of the Numéraire USDC/USDT/PYUSD Seed Pool. It can be paired with new stablecoins to create additional pools, enabling these new stablecoins to access the liquidity of USD* and all its underlying assets without the Seed Pool facing de-peg risks from the new stablecoins.
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