Secured Lending Positions

Target Allocation: 10–20% of USD* collateral

Perena allocates part of its capital to secured, on-chain lending positions using blue-chip stablecoins like USDC and USDT. These positions generate predictable yield while maintaining high levels of liquidity and safety.

This strategy enables Perena to:

• Capture predictable and sustainable yield from secure borrow-lend markets

• Maintain full on-chain transparency and verifiability of positions

• Preserve high liquidity and composability with minimal directional risk

How it works:

• Lending on DeFi Protocols USD* collateral is deployed into reputable decentralized money markets (e.g., Drift, Kamino, MarginFi) where it is lent out to overcollateralized borrowers.

• Risk Mitigation Borrowers are required to post collateral exceeding their loan value, protecting lenders from default. Liquidation mechanisms and oracle price feeds further reduce credit risk.

• Real-Time Yield Lenders earn interest paid by borrowers. These interest rates are dynamically set by market supply and demand and auto-compound back into USD*’s backing value.