Serum Newsletter #26
Welcome readers new and old to the Serum Newsletter #26! 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/qejNDsux
Burns and Staking Rewards
Project Serum has passed $2B in trading volume since inception, burned 1.04M $SRM. This week 40553.62 $SRM was burned and 10138.41 $SRM was dropped as rewards for stakers. This is $372,586 at the current price of $SRM.
Serum Docs and Guides
We’ve begun the process of transitioning all of our help articles from https://serum-academy.com/en/ to https://serum.gitbook.io/serum/. If there are any particular guides and information you would like to see please let us know.
A great resource for easily seeing all the projects within the ecosystem:
With the advent of COPE and the general energy around Solana and Serum we saw an enormous inflow of new users to the ecosystem. To give an example Bonfida.com went from 11k daily users to 44k in a couple days.
A new architecture for a highly-scalable, decentralized and censorship-resistant content delivery network. Media Network will leverage Serum DEX for the transactional aspects of its operations.
Mango Markets Litepaper
Mango intends to merge the liquidity and usability of CeFi with the permissionless innovation of DeFi at a lower cost to the end user than both currently provide. Towards this goal, Mango offers margin trading and perpetual futures along with decentralized governance to decide the future evolution. In the medium-term, the goal to rival centralized exchanges in trading volume is ambitious, but we see no substantial impediments for Mango Markets. In the long run, we believe a permissionless ecosystem will produce spectacular, outlandish and unpredictable innovations which will overtake centralized finance.
A New Oracle Enters the Ecosystem
Pyth Network is being built by some of the biggest names in traditional finance and DeFi with the goal of providing the infrastructure for DeFi to support substantial growth in the market. This requires legally authorized access to unique data sets, sub-second update speeds, sophisticated outputs and aggregation methods, and a thorough incentive system to ward off spurious or malicious data breaches.
See these two Medium posts for further information:
Soleon.io Serum UI is Live
If you have any questions or wish to build in the Serum ecosystem please feel free to reach out to us at firstname.lastname@example.org. We’re always happy to answer questions or aid in any way we can!