Perena has completed a pre-seed round of financing of approximately $3 million, led by Borderless Capital.

BlockBeats News, on December 11, according to Coindesk, Perena, founded by Anna Yuan, the former head of Stable Coin at the Solana Foundation, closed a pre-seed round of about $3 million, led by Borderless Capital. According to Anna Yuan, Perena is building swap pools that allow traders of up to seven different Stable Coins to easily swap between assets – just like Curve’s 3pool does on ETH exchanges. Stable Coinholders will be able to earn additional yield by borrowing assets into the pool, earning more based on their risk tolerance. In addition to the Mining Pool infrastructure, Perena plans to build a “synthetic coin” that, according to Yuan, will be more resilient than the fiat coins that most people hold in traditional bank accounts. This will take the form of a “collateralized debt position” (CDP) Stable Coin backed by other Stable Coins – just like MakerDAO (now Sky) did with DAI. Perena has yet to finalize its design, but Anna Yuan hopes that building a CDP next to a stable exchange will create more “synergies”.