Serum Newsletter #45

Serum released Newsletter #45 that covers a number of exciting, milestone events in the ecosystem and some nifty updates on some of favourite Serum-related projects.

🔹Burns and Staking Rewards

Project Serum has surpassed $8.54B in trading volume since inception.

This week, 54.6K SRM was burned and 13.7K SRM was dropped onto stakers — This is $485k worth at current prices.

🔹Project Serum: The Path to Decentralization

Learn more about Serum’s next step towards becoming a DAO to allow the community to self organise and pursue their common goals. There will be a number of important changes that will make decentralised governance possible for Serum.

🔹Who’s Building on Serum ? 

This list is not exhaustive but hopefully illustrates some of the exciting projects building within the Serum ecosystem!

@ProjectSerum, yours truly, to provide plug-in orderbook matching and liquidity to devs to compose and seed their DApps

@phantom wallet to interact with the ecosystem

@wormholecrypto for bridging SPL with ETH and Terra

@RaydiumProtocol for swaps and liquidity pools

@mangomarkets for decentralized leveraged trading and borrow-lending infra

@MAPS_ME for integrating millions of users into DeFi ecosystem

@Oxygen_protocol for an on-chain prime brokerage

@staratlas powering an MMO game economy on the markets.

@aurory powering an in-game economy for multiple game modes

@OpenEra bridging an in-game money market with off-game markets

@PsyOptions launching a vanilla options protocol.

@bonfida providing a beautiful GUI interface and automated trading

@JetProtocol for permissionless borrow-lending

@COPE for trading leaderboard creation to power an index and automated investment product

@Media Network for a privacy-first and community-governed content delivery network

@PythNetwork Pyth is designed to bring real-world data on-chain on a sub-second timescale.

@Solrise as a decentralized fund management and investment protocol

@SolendProtocol decentralized protocol for lending and borrowing on Solana.

@ZetaMarkets the premier under-collateralized DeFi options platform built on Solana

@DriftProtocol capital-efficient derivatives exchange built on Solana.

Foresight Markets prediction markets with ample exit liquidity and opportunities to earn spreads for MM’s

Mercurial Finance DeFi’s first dynamic vaults for stable assets on Solana

Symmetry Decentralized index protocol for easy diversification and passive earnings

About Serum

Serum is a decentralized exchange (DEX) and ecosystem built on Solana that brings unprecedented speed and low transaction costs to decentralized finance.

📰 INFO:

https://projectserum.medium.com/serum-newsletter-45-82bc47326ea6