Serum Newsletter #35
Welcome, readers, to Serum Newsletter #35! The fun never ends in Serum and Solana land! As always, there’s tons of updates to cover. We’ll give you a run-through of some of the most exciting and headline-grabbing events, as well as some content we’ve found especially educational.
Serum Discord: https://discord.gg/V9Xzqqxj
Serum Telegram: https://t.me/ProjectSerum
Announcements: https://t.me/ProjectSerum_announcements
Burns 🔥 and Staking Rewards
Project Serum has surpassed $5.45B in trading volume since inception.
This week, 58.6K SRM was burned and 14.6K SRM was dropped onto stakers — This is $179k worth at current prices.
Project Serum Ecosystem ⚗️
Explore the rapidly growing Serum ecosystem through our new infographic. New projects are coming live seemingly everyday, all powered by the infrastructure of the Serum DEX. The current infographic is not exhaustive and there’s more where that came from!
Meet the DeFi Land 🚜 Team
This week, we had the incredible opportunity to speak with the DeFi Land team, the makers of the new agriculture-simulation web-game which aims to gamify decentralized finance to the next level. Are you ready to play-to-earn?
Phantom raises $9 million 💰
Congratulations to @Phantom for raising a $9M Series A investment from reputable investors such as Andreessen Horowitz Variant, Jump Capital, DeFi Alliance, and the Solana Foundation.
Phantom is the crypto wallet we’ve always wanted to use — a modern product that makes doing stuff with your crypto an enjoyable experience.
Now millions of people globally can easily onboard into the ecosystem.
Stake SRM as collateral
Looking for additional yield? 🦜 Go to ParrotFi to mint $PAI using your $SRM.
Mango Markets Deposits 🥭
You can currently enjoy 24% APY for lending your SRM on Mango Markets.
Trading Strategy 🤖 using Project Serum
Learn how to automate a Trading View trading strategy on Serum thanks to Bonfida Bot!
Pyth Network partners with 🍑 Apricot Finance
Apricot Finance is pleased to announce its partnership with Pyth, the latest innovative company for connecting high-fidelity market data anywhere. This collaboration will allow Apricot Finance to gain access to real-time data from real-world markets.
Pyth Network partners with Akuna Capital 📈
“As a leader in developing cutting-edge technology, we believe in the power of DeFi and this next-gen oracle solution that leverages DeFi to distribute precise, real-time market data on a sub-second timescale. We are honored to join the likes of experienced trading firms like Jump, GTS and Virtu as we shape the future of finance and trading together.” John Harris, CEO, Akuna Digital Assets.
Who’s Building on Serum ? 🔧
This list is not exhaustive but hopefully illustrates some of the exciting projects building within the Serum ecosystem!
@ProjectSerum, yours truly, to provide plug-in orderbook matching and liquidity to devs to compose and seed their DApps
@phantom wallet to interact with the ecosystem
@WormholeCrypto for bridging SPL with ETH and Terra
@RaydiumProtocol for swaps and liquidity pools
@mangomarkets for decentralized leveraged trading and borrow-lending infra
@MAPS_ME for integrating millions of users into DeFi ecosystem
@Oxygen_protocol for an on-chain prime brokerage
@staratlas powering an MMO game economy on the markets.
@aurory powering an in-game economy for multiple game modes
@OpenEra bridging an in-game money market with off-game markets
@PsyOptions launching a vanilla options protocol.
@bonfida providing a beautiful GUI interface and automated trading
@JetProtocol for permissionless borrow-lending
@COPE for trading leaderboard creation to power an index and automated investment product
@Media Network for a privacy-first and community-governed content delivery network
@PythNetwork Pyth is designed to bring real-world data on-chain on a sub-second timescale.
@Solrise as a decentralized fund management and investment protocol
@SolendProtocol decentralized protocol for lending and borrowing on Solana.
@ZetaMarkets the premier under-collateralized DeFi options platform built on Solana
@MoetFi capital-efficient derivatives exchange built on Solana.
Foresight Markets prediction markets with ample exit liquidity and opportunities to earn spreads for MM’s
Mercurial Finance DeFi’s first dynamic vaults for stable assets on Solana
Symmetry Decentralized index protocol for easy diversification and passive earnings
And so many more!
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 assist you in any way we can!
