Perennial Finance and Truflation Partner to Integrate EV Commodity Index
Published 15 Apr, 2024
We are excited to announce a partnership between Truflation and Perennial Labs, marking real-world assets (RWA) EV Commodity Index into Perennial's perpetual protocol.
As leaders in the decentralized finance (DeFi) space, Truflation has established itself as the foremost Definitive Reference Point (DRP) for economic truth, driving tokenization of real-world assets. With the backing of industry giants like Coinbase and Chainlink, Truflation provides independent, transparent, and real-time financial data, empowering the DeFi ecosystem with censorship-resistant infrastructure.
Perennial Labs, known for its innovative perpetual protocol, is venturing into the realm of real-world assets for the first time with the integration of the EV Commodity Index. This strategic move signifies Perennial's commitment to expanding its offerings and embracing the potential of real-world asset tokenization. The integration of the EV Commodity Index within Perennial's perpetual market marks a significant leap forward for commodities trading, allowing 24/7 access to this asset class for the first time on-chain.
The EV Commodity Index, curated by Truflation, tracks a diverse range of commodities essential to the global economy. By integrating the EV Commodity Index into Perennial's perpetual protocol, traders will gain access to a broader array of financial instruments, unlocking boundless opportunities in decentralized markets. This collaboration marks a significant milestone in the journey towards democratizing finance and advancing the Web3 landscape.
Both Truflation and Perennial Labs are committed to driving innovation and fostering growth in the DeFi space. Together, we aim to revolutionize the way real-world assets are tokenized and traded, ushering in a new era of financial inclusion and accessibility.
Stefan Rust, CEO of Truflation, noted, "Catalyzing the integration of real-world assets into decentralized finance is paramount to driving financial inclusion and democratizing access to global markets. Perennial Labs integrating Truftlation represents a step forward in achieving this mission and the underlying technology."
As industry leaders committed to driving innovation, Truflation aims to revolutionize the digital asset ecosystem. Together with Perennial Labs we will empower institutions and individuals to navigate the evolving landscape of decentralized finance with confidence and security.
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About Perennial Finance
Perennial is built from first principles as a powerful DeFi primitive that scales to meet the needs of traders, LPs, and developers.
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About Truflation
Empowered by Coinbase and Chainlink, Truflation stands as the foremost DRP (Definite Reference Point) for economic veracity, driving the tokenization of Real World Assets through its independent, transparent, and real-time financial data. With a comprehensive index tracking over 13 million items, Truflation offers censorship-resistant data infrastructure (Truflation Stream Network), fueling systemic advancements in the DeFi economy. This empowers decentralized applications (dApps) such as DEXs to unlock boundless markets. From predicting orange juice and uranium prices, to facilitating BTC-denominated oil, gas, and corn markets, Truflation unlocks a diverse range of financial instruments, heralding a new era in the Web3 landscape.
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