MESSARI: Read on Solana’s new currency new project PEERENA

Press: On the evening of December 11, 2024, Binance Labs announced that the core development team of PEERENA was QUINE Co., and supported it to establish the first stable currency infrastructure agreement on Solana.

Author: Mohamed Allam, MESSARI protocol analyst; Compilation: 0xjs@作作作作作

Stable currency is very important in the field of cryptocurrencies -it is actually the pillar of Defi -but what about support their infrastructure?A bit messy.

Although stable coins are a powerful tool, especially for people in developing countries, they can easily conduct cross -border remittances, but the market is scattered and inefficient.

PEERANA is involved in changing this situation and constructing infrastructure on Solana to unify and optimize the stable currency ecosystem.

Why is PERENA important for the development of stablecoins?

Unified globility:

Technical description: PEERENA’s Numéraire AMM integrates the liquidity of the main stablecoin (such as USDC, USDT, PYUSD) into a central seed pool.The pool is turned into USD*, and its value will appreciate with the increase of costs.The growth pool expands this liquidity by pairing USD* with the new stable currency to ensure the liquidity concentration of the entire market.
Simply put: PEERENA will not set up a separate capital pool for each stablecoin, but to create a large stable currency pool to make the transactions between them easier and cheaper.For the new stable currency project, this is like adding a very lively market, not from scratch.

The growth that the issuer can get:

Technical description: The growth pool allows the stable coin issuer to match its assets with USD* instead of traditional assets such as USD*.This method reduces operating complexity and capital demand, while providing instant visits to the liquidity of larger stable currency ecosystems.
Simply put: For the creator of the new stable currency, PEERENA can easily add stable coin games by providing an instant access to the fund pool without having to invest a lot of cash in advance.

Capital efficiency:

Technical description: Numéraire Maximize the use of boundaries and intelligent exchanges.Concentrated liquidity enables transactions to be closer to the hook of stable coins, thereby reducing the cost of sliding points and increasing the cost of liquidity providers.
Simply put: PEERENA allows each dollar to play a greater role.Transactions are cheaper and smoother for users. People who provide liquidity can get better returns without constantly adjusting investment.

At present, PEERENA is still in the early stage, but the cryptocurrency field is developing rapidly.As the adoption rate of stable coins continues to increase, such infrastructure is crucial.They are building on the basis of Solana, using their speed and low cost -very suitable for the stabilized currency market.PEERENA’s development is exciting, especially rumors that they are about to announce the news of fundraising!