Serum Newsletter #33

Serum released Newsletter #33 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 $5.24B in trading volume since inception.

This week, 37.7K SRM was burned and 9.4K SRM was dropped onto stakers — This is $167k worth at current prices.

🔹Project Serum DEX UI

A new UI has been released with a special upgrade. You can now watch your favorite live price action charts directly from the trading interface of Serum DEX thanks to TradingView.

🔹Get Funded

Solana Labs is actively investing into early projects looking to accelerate the development of the ecosystem. If you feel motivated and are building a great product, don’t hesitate to reach out to Solana.

🔹Phantom Available Everywhere!

No matter what your favorite browser may be, you can now use Phantom wallet from your extension bar! Spooky!

Download it here.

🔹DeFi Hackathon Demo

Check out the Foresight Markets product demo, a new Solana-based prediction market! Predict and profit, that’s the aim of the game.

🔹Serum Pulse

The team at Serum Pulse has been hard working on delivering new tools and features! Check out the new website here.

🔹Anchor: A Framework for Solana

Armani Ferrante has put together a list of teams building on Solana with Anchor framework, which is evolving at fast pace! Anchor is a framework for Solana’s Sealevel runtime providing several convenient developer tools.

If you’re familiar with developing in Ethereum’s Solidity, Truffle, web3.js or Parity’s Ink!, then the experience will be familiar. Developers on Serum may also want to check out our Resources and Ideas page.

🔹FTX partnering with Pyth Network

The Pyth Network is a specialized oracle solution for latency-sensitive financial data that is typically kept behind the “walled gardens’’ of centralized institutions.

“This is an important and exciting development for the DeFi ecosystem and I look forward to working with the Pyth Network to bridge the gap between traditional finance and the blockchain.” Sam Bankman-Fried, FTX Founder & CEO.

🔹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

@WormholeOracle 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

@MoetFi 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

And so many more!

What is 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-33-4d9a35d7370c