Perena
Stablecoin infrastructure on Solana — yield-bearing USD* digital dollar pooling USDC/USDT/PYUSD at ~10-15% APY, with Numeraire stableswap AMM
Farming Overview
Key Statistics
How to Farm Perena
- The Seasons Program is over — Perena's own docs state it has officially come to an end
- A replacement program is promised but has no date and no terms — nothing is accruing in the meantime
- USD* still pays yield (~10-15% APY) if you want it as a stablecoin position, but Petals no longer accrue
- No token. TVL is ~$9M against a $33M Dec-2025 peak, and the US is a restricted region
Why Farm Perena?
- Backed by Susquehanna (SIG, $500B+ AUM), Binance Labs, Borderless Capital, Maelstrom, SevenX, Primitive Ventures
- USD* delivers 10-15% APY from delta-neutral hedging, secured lending, and tokenized liquid assets
- Petals are no longer accruing — the Seasons Program has officially ended and the replacement has no date or terms
- $31M USD* market cap, 15,400+ holders, $2B+ cumulative swap volume, 100K+ wallet interactions
- Numeraire AMM solves $170B+ stablecoin liquidity fragmentation via hub-and-spoke architecture
- Pre-token, pre-exchange — earliest entry into Solana's most institutionally-backed stablecoin play
About Perena
Perena is a stablecoin infrastructure protocol on Solana, founded by Anna Yuan (former head of stablecoins at the Solana Foundation). Its core product is USD* (USD Star), a yield-bearing digital dollar that pools USDC, USDT, and PYUSD. The underlying AMM, Numeraire, is a hub-and-spoke multi-token stableswap optimized for stablecoin trading with over $2.1B in cumulative swap volume.
Similar DeFi Protocols
Frequently Asked Questions
What is Perena and how does it work?
Perena is a stablecoin infrastructure protocol on Solana, founded by Anna Yuan (former head of stablecoins at the Solana Foundation). Its core product is USD* (USD Star), a yield-bearing digital dollar that pools USDC, USDT, and PYUSD. The underlying AMM, Numeraire, is a hub-and-spoke multi-token stableswap optimized for stablecoin trading with over $2.1B in cumulative swap volume.
How do I farm the Perena airdrop?
To farm the Perena airdrop, you should: The Seasons Program is over — Perena's own docs state it has officially come to an end. A replacement program is promised but has no date and no terms — nothing is accruing in the meantime. USD* still pays yield (~10-15% APY) if you want it as a stablecoin position, but Petals no longer accrue. No token. TVL is ~$9M against a $33M Dec-2025 peak, and the US is a restricted region. Perena is currently in the concluded farming stage with speculative airdrop status.
What is the expected value of the Perena airdrop?
The Perena airdrop has an expected value rating of 2 out of 5 ($$). The farming stage is concluded and the airdrop status is speculative. Expected value ratings on The Farmers Market consider factors like protocol TVL, funding, team quality, and token economics.
Why should I farm Perena?
Backed by Susquehanna (SIG, $500B+ AUM), Binance Labs, Borderless Capital, Maelstrom, SevenX, Primitive Ventures USD* delivers 10-15% APY from delta-neutral hedging, secured lending, and tokenized liquid assets Petals are no longer accruing — the Seasons Program has officially ended and the replacement has no date or terms