Welcome readers to the Serum Newsletter #21! As the Serum and Solana ecosystems grow we make sure to provide you information on all the updates and interesting things that are being built.

Serum Discord: https://discord.gg/jNTtrY4w

Buy and Burn

Project Serum has passed $1.47B in trading volume since inception and burned 888K $SRM.

On-chain Staking!

The first batch of rewards were given to on-chain SRM stakers. Rewards will be 20% of Serum DEX fees and paid weekly.

Solana x Serum Hackathon + Seedfunding Round

The hackathon has concluded, and we are now in the judging phase for all the submitted projects. Next comes the 6–8 week seedfunding round, where the 9 winners of the hackathon will compete for the chance to win $200k in funding.

A Map of the Solana Ecosystem

The Block has put together a chart mapping the entire Solana ecosystem. It’s quite exciting to see the rapid development occurring across several sectors!

PsyOptions Teaser

The PsyOptions team have given us a small teaser of what the UI will look like! Follow them on Twitter at @PsyOptions. They will use the underlying Serum DEX to allow users to create a variety of American style options.

Bonfida Bots!

Star Atlas Continues Concept Releases

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!

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