Perena

What it is

Perena issues USD*, a stablecoin whose yield compounds into its price, with Protected (senior) and Junior (first-loss) versions, plus yield-bearing SOL*, BTC* and GOLD*.

Risks to know

• Instant redemption liquidity is limited; large exits may queue.
• Junior tranche takes first loss.
• Smart contracts can have bugs. Only deposit what you can afford to lose, and check you're on perena.org before connecting.

Security

Audit reports listed on DefiLlama: