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Project Overview
Perennial is a decentralized derivatives protocol that offers a straightforward trading experience, a flexible and capital-efficient model for providing liquidity, and a primitive for developers to create DeFi derivatives easily. Perennial acts as a peer-to-pool derivatives AMM that perpetually offers to take the other side of any Taker's position at the oracle price, in exchange for a funding rate that fluctuates based on the utilization of the liquidity pool (similar to Compound and Aave).
Enterprise AI company Clay completes $115 million Series D funding, led by Wellington
enterprise AI company Clay has announced the completion of a $115 million Series D funding round, led by Wellington, with participation from Sequoia Capital, StepStone, Andreessen Horowitz (a16z), Perennial, Meritech, DST, CapitalG, and others. The post-money valuation has risen to $7.1 billion.Clay stated that its AI agents can build real-time business and customer profiles based on internal and external data such as CRM, and automatically construct and execute workflows according to enterprise goals. Currently, companies including Anthropic, Google, OpenAI, and Stripe have adopted its products. (Reuters)
YZi Labs ranks as the world's second most active family office in August, participating in 10 funding rounds totaling $42.1 million
Odaily News In August, family offices participated in a total of 109 deals, with the total disclosed funding amount for related transactions reaching $16.9 billion, of which later-stage rounds accounted for 27% of all deals. a16z Perennial ranked first with participation in 17 deals; YZi Labs ranked second with participation in 10 deals, with the total disclosed size of related funding rounds reaching $42.1 million. YZi Labs manages over $10 billion in assets, with investments spanning Web3, AI, healthcare, and other sectors, targeting startups at various development stages. The aforementioned funding figures represent the combined amounts from all investors in the relevant funding rounds and do not reflect YZi Labs' actual capital contribution. Due to the highly private nature of family office investments, the specific investment amount of a single family office in each transaction is often difficult to obtain.
Related news
Crypto brokerage platform Cascade announces shutdown
Odaily reports: Crypto brokerage platform Cascade (formerly Perennial) announced on X that it is officially ceasing operations after approximately 5 years.Cascade stated that this was a difficult decision. Users can claim remaining funds from Cascade CLS and their trading accounts through the officially designated page, and users are reminded to only use the official claim portal.Previously in July, the Cascade CLS vault was suspected to have suffered a security exploit, resulting in approximately $1.3 million in user fund losses.
Enterprise AI company Clay completes $115 million Series D funding, led by Wellington
enterprise AI company Clay has announced the completion of a $115 million Series D funding round, led by Wellington, with participation from Sequoia Capital, StepStone, Andreessen Horowitz (a16z), Perennial, Meritech, DST, CapitalG, and others. The post-money valuation has risen to $7.1 billion.Clay stated that its AI agents can build real-time business and customer profiles based on internal and external data such as CRM, and automatically construct and execute workflows according to enterprise goals. Currently, companies including Anthropic, Google, OpenAI, and Stripe have adopted its products. (Reuters)
YZi Labs ranks as the world's second most active family office in August, participating in 10 funding rounds totaling $42.1 million
Odaily News In August, family offices participated in a total of 109 deals, with the total disclosed funding amount for related transactions reaching $16.9 billion, of which later-stage rounds accounted for 27% of all deals. a16z Perennial ranked first with participation in 17 deals; YZi Labs ranked second with participation in 10 deals, with the total disclosed size of related funding rounds reaching $42.1 million. YZi Labs manages over $10 billion in assets, with investments spanning Web3, AI, healthcare, and other sectors, targeting startups at various development stages. The aforementioned funding figures represent the combined amounts from all investors in the relevant funding rounds and do not reflect YZi Labs' actual capital contribution. Due to the highly private nature of family office investments, the specific investment amount of a single family office in each transaction is often difficult to obtain.