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Solana(SOL) Numérair Stablecoin Index
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Numéraire — a new DeFi protocol designed for capital-efficient stablecoin markets from Perena, now live! Perena brings USD* to Solana – a stablecoin index backed by a Seed Pool of USDT, USDC, and PYUSD.
The protocol uses a hub-and-spoke model with bounded liquidity ranges to optimize swaps. Liquidity providers deposit into a Seed Pool to mint USD*, which can then be used to create new stablecoin pairs efficiently.
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