Advertisement
728×90 Leaderboard
Perena
Yield-bearing stablecoin protocol on Solana offering USD* — a liquid, auto-appreciating digital dollar backed by diversified delta-neutral, lending, and RWA strategies.
Potential
5-12% APY
Risk
Medium Risk
Rating
4/5
Best For
Users wanting simple, high-yield stablecoin savings with liquidity and auto-compounding
TVL
~$18M
Current APY
~7-15%
Holders
~10 000
Protocol Overview
Available Pools / Vaults:
- USD* (core liquid product)
- USD* Protected (principal protection, capped TVL)
- USD* Junior (higher yield, first-loss tranche)
- Glow Vault (Trading strategy)
- Nest Vault (RWA)
Risk Factors:
- Smart contract risk (audited)
- Strategy execution and delta-neutral basis risk
- Counterparty risk in lending/RWAs
- Redemption/liquidity risk in stress scenarios
Minimum Deposit / Lock Period
Advertisement
Responsive
✅ Qualification Steps
- 1Connect your Solana walletonchain
- 2Deposit stablecoins (USDC/USDT)onchain
- 3Mint or receive USD*onchain
- 4Hold or use USD* in DeFihold
- 5Redeem when neededonchain
💰 Yield Pools & APY
🛂 Eligibility Requirements
- otherNo special requirements beyond a Solana wallet (no KYC for core features).
Realistic Yields
Realistic net yields for most users: 6-10% APY after fees, competitive with top stablecoin yield products. Strong for passive stablecoin holders seeking real yield without active management. Hidden costs are low (gas + any strategy fees). Excellent option for inflation protection and stable returns in 2026, but understand tranche risks.
Advantages
- High sustainable yields on stablecoins (beats most traditional savings)
- Fully onchain transparency with proof-of-reserves
- Audited smart contracts (Hashlock and others)
- Liquid USD* usable across DeFi and composable
- Diversified yield sources (delta-neutral + lending + RWAs)
- Built on high-speed, low-cost Solana
Risks
- Smart contract and protocol execution risk
- Delta-neutral strategy and basis risk
- Counterparty risk in underlying positions
- Junior tranche first-loss risk
- Regulatory uncertainty for yield-bearing stablecoins
- Newer protocol with moderate TVL
Common Questions
What is Perena and how does USD* work?
What are the current APYs on Perena?
Is Perena safe? What are the main risks?
s there a minimum deposit or lockup on Perena?
How does Perena generate yield?
Can I use USD* elsewhere in DeFi?
You May Also Like
Fraction AI Airdrop (FRAC)
Potential points-based airdrop (via Fractals) for creating, training, and competing AI agents in sessions on the decentralized AI auto-training platform
$75 – $2,500+Avantis
Zero-fee perpetuals DEX on Base with up to 500x leverage on crypto & RWAs
Up to 5% fee rebate / cashbackLighter
Zero-fee ZK-powered perpetuals DEX on Ethereum with verifiable matching
Zero fees for retail + LIT token staking rewardsBybit
Leading derivatives crypto exchange with low fees and high leverage
Up to $30,000+ in welcome rewards (varies by deposit and trading tasks)Aster Dex
Next-gen multi-chain perp DEX with hidden orders, up to 1001x leverage & zero KYC
Up to 5% fee rebateNest Credit
Institutional-grade RWA yield vaults offering diversified real-world credit and treasury exposure through non-custodial onchain vaults.
4-10% (varies by vault)Advertisement
Responsive
Quick Info
- Potential
- 5-12% APY
- Risk Level
- Medium Risk
- Chain
- Solana
- Pricing
- Free
- Best For
- Users wanting simple, high-yield stablecoin savings with liquidity and auto-compounding
- Audience
- DeFi users, stablecoin holders, yield farmers, Solana ecosystem participants
- Free Tier
- No minimum. Most options have no lockup
- Supported Assets
- USDC, USDT
5-12% APY
Start EarningAdvertisement
300×250 Rectangle