Serum Newsletter #24
Welcome readers new and old to the Serum Newsletter #24! 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/r8FtEwj4
Burns and Staking Rewards
Project Serum has passed $1.71B in trading volume since inception, burned 941K $SRM and dropped 29,816 $SRM as on-chain staking rewards.
Solana x Serum Hackathon
Faced with many promising teams and projects the judges have taken great care to choose the submissions that presented the strongest combination of functionality, potential impact, novelty, design, and composability.
Congratulations to the winners: Mango Markets, PsyOptions, Synthetify, Parrot, ForeSight, DFT Protocol, SolriseFinance, OpenDiveHQ and Tenderize Me.
These teams are now entering 2 month Solana x Serum Incubator to give them a framework upon which they can build towards their public release.
Native USDT on Solana
Please note that you can migrate wUSDT on Sollet.io to native SPL USDT by clicking ‘send’ on wUSDT, then ‘SPL USD’ and inputting your USDT address. It will convert it 1–1.
Key liquidity providers have notified our team they will remove liquidity from Wrapped USDT Serum markets after Friday 03/26 at 12:01 AM UTC
Fusion Pools
Raydium.io has launched their Fusion Pools, in which you receive rewards in both RAY and the other asset.
Shanghai Solana x Serum DeFi Night!
It’s quite refreshing to see that there are places were in-person events continue to be a permitted activity! Thank you to those who put this together.
Hxro Building on Solana
Mango Market Borrowable Funds Skyrocket
The PsyOption Team Shares Why They Are Building
p.s. it’s a thread!
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!
