Welcome, readers, to Serum Newsletter #37! Big news and updates in the Serum and Solana ecosystems! This is especially so on the Serum side. SRM holders and long-term supporters will have plenty of reading this week. As always, we’ll cover the most attention-grabbing headline events and showcase what’s happening in the community.

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 $5.78B in trading volume since inception.

This week, 58.9K SRM was burned and 14.7K SRM was dropped onto stakers — This is $117k worth at current prices.

Serum 🔏 Unlock

Holders have expressed pertinent feedback and questions about the SRM tokenomics. We listened closely as always. SRM remains the backbone of the Project Serum ecosystem, and we carefully evaluated the ramifications of all tokenomic decisions for the benefit of SRM token holders.

Serum Roadmap 🗺️

The newly updated Project Serum Roadmap has been released. We share our accomplishments, thoughts on the future, and the next immediate steps for Project Serum! 💪

“Serum’s ultimate milestone has never changed. On the other hand, the means towards reaching this goal have shifted. These changes are in response to feedback from users, institutional clients, and ecosystem partners trading, composing or indirectly integrating with Serum’s CLOB.”

Meet the Raydium Team 🎙️

In this week’s Serum Story, we’re joined by AlphaRay, founder of Raydium. The Raydium team shared with us their vision, their advice for new teams, their most memorable experiences, and even some of the most exciting developments on their roadmap.

Zeta Competition 🏆

An exciting event just concluded. Congratulations to @30hzAbuser for winning the Zetaverse competition! A special thank you and shoutout also to celebrity traders @AlamedaTrabucco @kevinrose @EvgenyGaevoy and @mgnr_io who participated and generated much suspense! Were they taking it easy on stealing all the alpha? We may never know 😉

Bonfida Trading Competition ⚔️

Are you ready for another trading battle? Bonfida is celebrating the launch of their Perpetual Futures with a trading competition sponsored by Cope on Solana.

Competition Period: 08:00 AM (UTC +8) 28th Jul to 08:15 AM (UTC +8) 28th August.

Mango Season 🥭

Make your USDC stables work for you with Mango Markets’ incredible APYs which persisted over the last few days. Indeed, it is currently very attractive to deposit USDC, or should we say, juicy?

Phantom available on 📱soon ?

Do you trade on mobile? What about storing your digital assets with a non-custodial wallet? You can be part of realizing the dream of a Phantom mobile app! Apply 👻 today here. here.

Twirl DAO partners with Pyth network

This integration enables Twirl to fetch the most current price data as needed for core protocol functions. Integrating the Pyth Price Feeds will ensure the safety and accuracy of prices referenced within the Twirl Protocol, protecting users against downtime and various data manipulation attacks.

LIQ partners with Pyth network 💧

Pyth network will provide its feed to power the decentralized on-chain liquidation engine of LIQ Protocol.

“We look forward to seeing them in action on any @solana dApps offering leverage to users regardless of their integration or not with Pyth feeds”. Pyth network commented

CoinShares partners with Pyth network

“Since launching the world’s first crypto exchange traded product (ETP) in 2015, enabling effective price discovery has been a key focus for CoinShares. A number of regulators have even cited the perceived lack of transparency related to crypto markets and pricing as a core reason to deny retail access to crypto ETPs and ETFs. Pyth network was an obvious partnership for us, as we continue to execute on our vision to unlock more transparency and establish trust in the broader crypto ecosystem using the underlying blockchain protocol to provide verifiable , trusted, real-time data to market participants.” Jean-Marie Mognetti, Chief Executive Officer of CoinShares

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

@PythNetwork Pyth is designed to bring real-world data on-chain on a sub-second timescale.

@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

@phantom wallet to interact with the ecosystem

@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

@Saber_HQ a cross-chain stablecoin and wrapped assets exchange on Solana

@gopartyparrot a liquidity network for lending & borrowing on Solana

@StepFinance_ visualise, analyse, execute and aggregate transactions across all Solana contracts in one place

@Solfarmio the efficient Solana yield aggregator

@offpiste_io powering the new frontier of the private capital markets

@slope_finance building the decentralized exchange for communities

@cyclosfi the first AMM bringing concentrated liquidity to Solana

@LiqProtocol decentralized on-chain liquidation engine powering Project Serum markets & lending platforms on Solana

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!

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