Serum Newsletter #12

Project Serum
2 min readDec 29, 2020

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Welcome back to the Serum Newsletter! We hope you’re having a wonderful holiday season as we head into the New Year! Today we’ll be focusing on on-chain staking progress!

Staking

Staking and on-chain lockups are now open for beta testing! The goal for this beta test is more than finding bugs and making product improvements, the goal is to allow other programs (such as governance and auto-funding of rewards through Serum) to start being built by others, providing feedback to the APIs provided here!

Rewards will be randomly dropped over the next two weeks to provide incentive to people. Nevertheless, expect a beta experience and ask questions on our Discord HERE!

The UI:

https://project-serum.github.io/serum-ts/stake-ui/#/

For node leaders, i.e., people who want to aid in operating the DEX by running cranks, documentation can be found here:

Node (crank) set-up
Staking
Lockups

MSRM stake is not required for this initial beta deployment.

Please note that all APIs are subject to breaking changes. If you’d like to propose any changes, please post here or make an issue in the relevant repo.

All staking and lockup related code can be found here:

Staking registry
Lockups
UI

$400M Volume

We’re proud to see that we’ve hit the $400M volume mark since our inception in late August! Also — a big thank you to Bonfida for providing these statistics!

https://bonfida.com/serum

$SRM Burn

Vote on Pico-inflation for Solana

Simplified Login for Solong

Improving accessibility for everyone’s favorite browser extension-based SPL wallet!

If you have any questions or wish to build in the Serum ecosystem please feel free to reach out to us at contact@projectserum.com. We’re always happy to answer questions or aid in any way we can!

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Project Serum

Project Serum is a decentralized liquidity infrastructure protocol. Learn more at https://projectserum.com