Perena has completed a pre-seed round of financing of about 3 million US dollars, led by Borderless Capital

According to Coindesk, the stablecoin infrastructure protocol Perena has completed approximately $3 million in Pre-Seed round financing, led by Borderless Capital. The protocol was founded by Anna Yuan, former head of stablecoins at the Solana Foundation.

Anna Yuan stated that Perena is building a swap pool that allows traders of seven different stablecoins to exchange between assets. Stablecoin holders will be able to earn additional income by lending their assets into the pool.

In addition to mining pool infrastructure, Perena also plans to establish a "synthetic currency" which according to Yuan, will be more resilient than most people's fiat currency held in traditional bank accounts. This will take the form of a Collateralized Debt Position (CDP) stablecoin backed by other stablecoins. While its design has not been finalized yet, Anna Yuan hopes that building CDPs alongside stable exchanges will generate more "synergies".