Serum Newsletter #39

Welcome, readers, to Serum Newsletter #39! What’s new in the Serum and Solana ecosystems? In this last week, we witnessed yet another incredible line-up of exciting headlines. It just won’t end! Here’s the latest:

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 6.14B in trading volume since inception.

This week, 42K SRM was burned and 10K SRM was dropped onto stakers — This is $352k worth at current prices!

PsyOptions Interview 🎙️

This week, we are joined by PsyOptions — winners of the first Solana Season Hackathon and avid contributors to the Serum ecosystem. PsyOptions are building decentralised options on Solana, focusing on physically settled and American style options as their niche.

Sam Bankman-Fried Interview 🎤

Sam Bankman-Fried expresses his thoughts about Project Serum and the Solana ecosystem during the “The Rise of Decentralised Finance” event, which was hosted virtually on the 5 August 2021.

Solana Event in Lisbon 🇵🇹

Breakpoint is a celebration of all that the Solana community has accomplished, with the hopes of inspiring what comes next. Join leaders, builders, and innovators in Lisbon, Portugal from November 7th through the 10th.

Project Serum will organise events with our composing partners, so stay tuned!

Get your tickets here.

Star Atlas Whitepaper 2.0 👩‍🚀

Star Atlas created a revolutionary metaverse that emerges from the confluence of state-of-the-art blockchain technology, real-time graphics, a multiplayer video game, and decentralized design.

Furthermore, Star Atlas will be launching on Raydium Acceleraytor on September 1!

Mango Markets Fundraising 💵

Mango Markets, a decentralized exchange (DEX) built on Solana and powered by Project Serum, just raised $70 million in a token sale! Mango Markets’ success highlights the fast growth of the ecosystem Solana ecosystem and the demand for essential trading platforms.

Also, (MNGO)🥭 just got listed on FTX: what a week for the team!

Switchboard partners with Mercurial Finance

Switchboard partners with Mercurial Finance

Mercurial feeds are the first of many Solana-based LP token feeds to be supported by the Switchboard network!

Pyth network partners with 01 Protocol

We look forward to seeing 01 protocol autonomous binary options in action before the team reveals its upcoming derivatives protocol!

Pyth network partners with KGI Securities (Singapore)

“We were instantly intrigued by the Pyth network and the way it is leveraging DeFi applications to revolutionize the financial markets,”

“We are eager to contribute our sophisticated FX market data to the network and thereby accelerate the transformation of DeFi applications and our financial ecosystem.” Ken Ong, Chief Executive Officer, KGI Securities (Singapore).

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!

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Project Serum

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