Loading...What is Perena?
Perena is a decentralized stablecoin infrastructure built on Solana that offers USD STAR (USD*), a yield-bearing digital dollar designed to automatically accrue value from real yield sources. Unlike traditional stablecoins, USD* generates returns through delta-neutral strategies, secured lending, and tokenized liquid assets.
USD* is fully collateralized by a diversified portfolio of yield-generating assets, including delta-neutral hedged positions on both centralized and decentralized exchanges (BTC, ETH, SOL), secured borrow-lend market positions with on-chain stablecoins, and fully liquid tokenized real-world assets like USDC and USDT.
Perena actively manages asset allocation across multiple strategies to reduce risk concentration and optimize for sustainable yield performance.
Perena Season 1 Airdrop Details
Perena Season 1 (S1) is the protocol’s first major points campaign designed to reward early users and community members. The season follows beta phases (Season 0 and Pre-Season) and introduces a structured reward system through Petals and Badges that will influence how future Perena incentives are distributed.
Participation in Season 1 is tracked through two key metrics: Petals, earned primarily by minting and holding USD* on the official platform, and Badges, earned by completing milestones, tasks, and engaging with partner ecosystems.
Petals accumulate based on the amount and duration of USD* holdings, with additional rewards for yield generation. Each $1 held per day earns 1 Petal, while every $1 of yield generated equals 1,000 Petals.
Season 1 has no specified end date, giving users flexibility to participate at their own pace.
Latest Update: The new USD* market is now live on RateX.
How to Participate in Perena Season 1
- Access the Perena website
- Connect your wallet to the platform
- Enter our code: AETQYN
- Mint USD*
- Click on the mint option within the application
- Deposit supported stablecoins (USDC, USDT) or other accepted assets
- Purchase USDT or USDC from Binance
- Monitor Your Petals Accumulation
- Visit the rewards section to track your progress
- Petals accumulate automatically: 1 Petal per $1 held daily, plus 1,000 Petals per $1 of yield generated
- The longer you hold USD*, the more yield and Petals you earn
- Complete Badge Quests
- Check the rewards page regularly for new badge opportunities
- Engage with partner platforms like RateX, Seeker, and Exponent to earn Partnership Identity Badges
- Share your Season 1 Stats card on social media for additional badges
- Refer Friends
- Earn 10% of the Petals earned by referred users who start using Perena
Tips for Maximizing Season 1 Rewards
Prioritize Direct Minting: Only USD* minted through app.perena.org earns Petals.
Hold for Longer Duration: Since yield compounds over time and generates 1,000x more Petals per dollar compared to simple holding (1,000 Petals per $1 yield vs. 1 Petal per $1 held daily), maintaining your position allows you to benefit from both holding rewards and yield multipliers.
Upgrade Legacy USD*: If you participated in Season 0 or Pre-Season, upgrade your legacy USD* through the official platform to ensure you’re earning Season 1 rewards.
Frequently Asked Questions
When does Season 1 end?
Perena hasn’t announced an end date for Season 1.
Can I transfer my USD between wallets and still earn Petals?
No. Currently, only USD* minted directly through app.perena.org earns Petals. If you transfer USD* to another wallet or receive it from someone else, it won’t accumulate Petals in the new wallet.
What happens to rewards from Season 0 and pre-season?
Previous season achievements have been converted into badges and remain visible on your rewards page. While they don’t contribute to Season 1 Petals, they represent your historical participation and may factor into overall long-term reward calculations.
Is there a minimum amount of USD needed to participate?
Perena hasn’t specified a minimum holding requirement. Any amount of USD* minted on the platform will start earning Petals immediately, though larger holdings and longer durations naturally generate more rewards.
Conclusion
Perena Season 1 offers an opportunity to engage with a yield-bearing stablecoin infrastructure on Solana while positioning yourself for potential future rewards. By minting and holding USD*, you can accumulate Petals through both passive holding and yield generation, with the latter providing significantly higher reward rates.
Combined with badges earned through milestones, partnerships, and community engagement, Season 1 participation creates a trackable record of your involvement with the protocol.
You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!
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n/a
Tokens per Claim
n/a
Max. Participants
Unlimited
