Forum Summary — Week of 6/27 — Wallet Security, Zeta Markets and Mango Markets

Project Serum
3 min readJul 1, 2022

Project Serum wouldn’t be what it is today without the amazing and loyal members of the Serum community. The Serum forum is a hidden treasure chest of tips, tricks, and news updates.

Bringing such a large group of intelligent people together with a shared passion for what we’re doing here at Serum creates an interesting phenomenon where we get to see Serum evolve before our very eyes. Let’s see what the group got into this week!

Serum-dex and the Security of Wallets

One of the main points raised by active Serum member @jsoneaday centered around the security of wallets deployed on pool accounts using Serum-dex. The concern revolved around controlling which wallet accounts can deploy new pool accounts to the Dex. An interesting scenario of using a whitelist hard-coded into the Dex was proposed, but the community hasn’t come up with a clear solution as of yet.

Check out the full conversation here:

Zeta Market Updates

In other news, @filip from Solrise posted to inform the Serum community about Zeta Markets’ incentive program. Solrise is a decentralized asset management platform allowing users to create their own fund or participate in someone else’s crypto fund. They believe Zeta Markets’ incentive program will be a great leap forward for the growth of the Serum ecosystem.

Zeta’s proposal aims to provide a grant to help reinvent DeFi structured products via Serum. The hope is that, by incentivizing developers within the community, Zeta can help give users more flexibility with DeFi structured products, where users can possibly take both sides of options trades.

To complete this incentive program, Zeta is asking for 4 million in $SRM token to support the PnL of projects developed on the Zeta Dex over 36 weeks. They hope that, as a close partner of Serum, the program will result in significant long-term value for SRM holders.

Snowflake — one of the crypto world’s first secure, multi-signature wallets — also weighed in on Zeta’s grant proposal. The Snowflake team feels an incentive program like this will provide their users with third-party investment protocols where they can park the crypto assets that are held in their “Safes.” Zeta’s grant will push Snowflake to build custom investment strategies on top of the Snowflake platform that users can use to grow their crypto assets.

Read the full post here:

Mango Markets Updates

Another major Market Maker in the Serum community, Mango Markets, is also doing their part to contribute to the evolution of the ecosystem. Mango is currently in the process of running an incentive contest for margins trading through Mango directly on the Serum order books.

This week, @hipo weighed on Mango’s program. This user is a founder of — a liquidity layer protocol built on the Serum CLOB. Their goal is to offer market-making to retail users, and CellFi feels Mango’s incentive program will ultimately create a better, more collaborative trading environment.

Check out the full post here:

Stay up to date with all things Serum community by checking out the Project Serum forum! Members discuss proposals, suggested changes, and more.



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