Summary
- Binance Labs announced an investment in Solana-based stablecoin infrastructure Perena.
- Perena announced the launch of a stable swap numerer that does not require a concentrated liquidity market maker.
- Binance Labs stated it will continue to support early-stage projects leading the growth of the Web3 ecosystem.
Binance Labs, the investment arm of the global cryptocurrency exchange Binance, announced that it has invested in Perena, a Solana (SOL)-based stablecoin infrastructure protocol.
On the 11th (local time), Binance Labs announced through its official channel, "We have invested in Perena, which is building an efficient financial system by combining decentralized financial innovation with the principles of traditional finance."
Perena has launched the first weighted multi-token scalable stable swap numerer that does not require active concentrated liquidity market maker (CLMM) management.
Max Coniglio, Head of Investments at Binance Labs, emphasized, "Binance Labs continues to provide support for early-stage projects leading the growth of the Web3 ecosystem. We will support Perena's journey from the early stages."
YM Lee
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