Perena

Grow Your Wealth with Stablecoins

Structured Products | Tranching | Vaults | Self-Repaying Loans

[Perena @perena__]

Stablecoins made dollars programmable.

DeFi made liquidity programmable.

Perena Vaults make risk programmable.

Read the full V2 whitepaper 👇

https://t.co/SBQMzhbBqH

[Perena @perena__]

28 of 46 hedge funds lost money in October. With US inflation still sticky and the AI trade uncertain, we’re keeping cash and short-dated credit rather than locking money up for a little more yield. https://t.co/o2gf3na1U4

[Perena @perena__]

@JoffreyC1 @forestroadvault Hi Joffrey, the card is on hold for now, we will post here when there’s news 🫡

[Perena @perena__]

In trading, everyone tries to time the market.

Should I buy now? Should I sell? Is this the bottom?

Investing works differently. Most investors don't want to guess where the price goes next. They want to know what they'll earn, and when.

Last month, @forestroadvault launched its first Solana vault on Perena, paying a fixed 12.52% APY whatever the market does.

Forest Road originates and services specialty finance loans. The vault puts those secured credit facilities onchain, across film and TV tax credits, renewable energy, life sciences, real estate and digital assets.

You deposit USDC and receive SUSD-FR, backed by the vault's USDC reserves and the capital lent out. Since that capital sits in term loans, withdrawals take up to 21 days to settle.

[Perena @perena__]

@cryptocatsansa @forestroadvault Maybe?

[Perena @perena__]

More on the Forest Road vault, and how to deposit:
https://t.co/8LWdcNUnIq

[Perena @perena__]

@CatGodSandHive 100% agree

[Perena @perena__]

Last week in macro 👀

1⃣ The US created 165,000 jobs in October, almost three times what economists expected. Unemployment fell to 4.1%.

2⃣ With a strong job market, the Fed has room to raise interest rates again. Markets now see a nearly 80% chance it does so in December.

3⃣ Oil prices fell nearly 16% in one week, the biggest drop since April 2020.

4⃣ The interest rate on 10-year US government bonds fell to its lowest level since early September, then went back up after the jobs report. It ended the week at 4.86%.

5⃣ The Bank of England raised its key interest rate from 3.75% to 4.00% to fight inflation.

6⃣ Standard Chartered now lets its business clients in Hong Kong hold their bank deposits as digital tokens. Payments between banks settle at any hour, weekends included.

7⃣ US regulators dropped plans for tighter checks on small crypto transfers abroad. Firms will keep collecting sender and recipient details only above $3,000, not from $250 as proposed.

8⃣ Nigeria now only allows dollar stablecoins for the public if the issuer holds a Nigerian license and each token is approved. Stablecoins that hold their value through code instead of reserves are banned. Existing companies have 180 days to get a license.

Bullish or bearish?

[Perena @perena__]

@moneymachines_ 🪻🪻🪻

[Anna is Purple @gizmothegizzer]

Heads up the @perena handle was taken away from us after @X confirmed in writing that they would let us keep the handle.

Total shit show on their "Premium" customer @Support

We have reverted back to @perena__

[Perena @perena__]

Between 7 and 10% of people own crypto today.

Depending on who counts, that is 560 to 741 million holders worldwide.

More than 85% of the world still holds none.

The main barrier is not price or regulation. It is understanding. In a 2026 @themotleyfool survey of US adults, 48% of people without crypto said they don’t know how to buy it, and 35% said they wouldn’t know what to do with it.

Most people first hear about crypto as a speculative asset. Fewer hear the simpler story: a digital dollar that you hold yourself, that moves 24/7, and that reaches a supplier in Brazil as easily as an email.

That story is already working. Stablecoin supply is close to $300 billion, and stablecoins moved around $33 trillion in 2025, up about 72% in one year.

Most of this activity comes from a small share of the population.

For most of the remaining 90%, onboarding will probably begin with a stablecoin used to pay, save or send money, before any token.

That is the idea behind our three-part series "But Why?" by @ZKZeroKnowledge. Each episode covers one question that newcomers ask before they put a dollar onchain:

Episode 1: But Why? Blockchain | Ep. 1 · Austin Campbell & Anna Yuan
Link: https://t.co/DlPJZ8GSvB

Episode 2: But Why? Cryptocurrency | Ep. 2 · Austin Campbell & Anna Yuan
Link: https://t.co/3iISGsxv3o

Episode 3: But Why? Tokens | Ep. 3 · Austin Campbell & Anna Yuan
Link: https://t.co/hkwzl3PPgM

[Perena @perena__]

@sorenhall_ Hi Soren,

Dming you to clear all your questions!

[Perena @perena__]

@craftsdev 👀👀👀👀👀👀👀

[Perena @perena__]

@cryptocatsansa Always!

[Perena @perena__]

Monthly report - October 2026 ✅

◼️ We launched ETH* and HYPE*, expanding the asset family beyond USD*. They are yield-bearing risk assets that let users keep price exposure to the underlying asset.

◼️ The Forest Road Company has chosen Perena to launch sUSD-FR, its first Solana vault, using our Vault-as-a-Service technology. The sUSD-FR vault page and Earn card went live on 27 October.

Link: https://t.co/sPSYghnM80

◼️ Zivoe joined the USD* portfolio in October with merchant cash advance credit, and now accounts for 6.6% of it.

◼️ We deployed support for async redemptions across all Perena vaults.

◼️ We are exploring further opportunities with funds, family offices and treasuries to offer vaults with a fixed APY of 10–14%.

◼️ USD* is now supported on BitGo Wallet, opening access to institutional custody clients.

◼️ We attended The Bridge by The Tie in New York, meeting funds and potential partners.

◼️ We are in talks with several GPU operators to explore financing across the compute value chain, from GPUs to robotics. Our model: we underwrite against shorter-term offtake, source deals through our own network, and let our capital partner provide the balance sheet.

🔵 On the portfolio allocation side for USD*, here is our current allocation to start the month:

◼️ TreasuryPlus and Forest Road together account for 37.2% of USD*, at 21.5% and 15.7% respectively. We expect high borrowing costs to keep putting pressure on businesses and households, so we favour lending supported by identifiable payment claims or collateral. Within this, we look for credit risk arbitrage: financing a smaller business's working-capital needs against payments owed by a stronger customer.
TreasuryPlus gives us short-term receivables exposure that enables this. Forest Road's strategy includes lending against tax credits and project assets, with repayment linked to tax-credit proceeds and project cash flows.

◼️ Midpoint, Unsquared and JPEG Trading together account for 36.5%. These strategies aim to earn trading returns with limited dependence on the direction of crypto and credit markets. That diversification remains useful given our expectation of more unsettled markets.

◼️ Our smaller Black Opal allocation reflects our concern about pressure on Brazilian households and businesses. We also expect higher costs when its currency hedges renew to reduce future income. Repayment trends and market conditions will guide any further reduction.

◼️ USDC, Kamino and Project 0 together account for 5.6%. We keep these positions to support cash management and withdrawals as markets become more volatile. Access to funds in the lending venues remains subject to available liquidity.

See you next month!

[Perena @perena__]

@Tdayz_X Ready for November!

[Perena @perena__]

@DavidOnChain Thank you for your support, David! Merci!

[Perena @perena__]

What happened last week?

1️⃣ Binance was hacked for about $6.3 billion
One compromised engineer’s laptop was enough to drain hot wallets on six networks, and investigators think it was North Korea’s Lazarus Group. Tether and Circle froze around $2.4 billion of the stolen stablecoins within hours. Binance says it has replaced about 95% of the losses.

2️⃣ The Fed held rates at 3.75% to 4%
Two members still voted for a hike. September inflation came in at 3.6% the next day, and markets now price an 85% chance of a hike in December.

3️⃣ Standard Chartered launched tokenized deposits in Hong Kong.
Corporate clients can now move bank deposits to each other at any hour through the HKMA’s EnsembleTX system, and the money never leaves the bank’s balance sheet.

4️⃣ The NYSE brought in Broadridge, Computershare and Equiniti for its tokenized stock platform
These are the firms that keep the official record of who owns shares in almost every S&P 500 company. The platform still needs regulatory approval.

5️⃣ Tokenized real-world assets on Solana hit a record $5.19 billion
About $900 million came in over the last 30 days. Breakpoint is in London from 15 to 17 November.

6️⃣ Fifty companies have refused to let OKX and ICE tokenize their shares
An SEC exemption lets a company block a third party from issuing tokens of its stock, and Nvidia, Costco and Nike used it last week. JPMorgan said it isn’t against tokenization, it just wants a say in how its shares are represented.

Fifty companies have said no to OKX and ICE so far. Would you buy a tokenized share the company itself didn’t approve?

[Perena @perena__]

@alyonitaa @solana @SolanaEvents Perenimals spotted!

[Perena @perena__]

What does "delta neutral" mean?

[Perena @perena__]

https://t.co/1wIdMOxj17 domain is currently safe to use.

We are in communication with @blockaid_ and @SIRN_org. Stay safe out there.