Perena: The S&P 500 for On-chain Yield.

Explicit

Anna, founder of Perena, joins TLD to talk about building the “stable bank of Solana” and why 2025 is the year to stop holding plain USDC & USDT. In this easy-to-follow episode she explains:

1. What Perena actually does and where the name comes from.

2. Why Solana users are accidentally sending hundreds of millions in yield to competing chains every year.

3.How USDStar gives you 12-18% APY on your stablecoins (and why it’s different from normal stablecoins)

4.The simple truth about risk, black swans, and how the yield is really made.

5. Why more competition in Solana stablecoins is good for everyone.

6. What’s next: tranching, new yield sources, and bringing real-world assets on-chain.