Welcome, everyone, to Serum Newsletter #40! Yet another week of eye-catching headlines and updates throughout the Serum and Solana ecosystems. Things are never the same for too long. It can be dizzying to try and keep up; that’s where or newsletter comes in. We hope you’ll enjoy this week’s summary.
Serum Discord: https://discord.gg/V9Xzqqxj
Serum Telegram: https://t.me/ProjectSerum
Burns 🔥 and Staking Rewards
Project Serum has surpassed $6.19B in trading volume since inception.
This week, 50K SRM was burned and 12K SRM was dropped onto stakers — This is $449k worth at current prices!
Atrix Protocol Interview 🎙️
This week, we are pleased to present Atrix — a new and exciting project composing directly with Serum. Atrix is an Automated Market Maker (AMM) built on Solana that composes directly with Serum’s orderbook to allow for permissionless liquidity pools and farm creation.
“Today, the Atrix team is celebrating the release of their devnet launch — a completely permissionless interface that allows you to swap, add liquidity directly on Serum, and easily create liquidity mining farms.”
DeFi Land Beta Launch 🚜
DeFi Land will be launching its closed beta testing on August 31st. Head over to the Medium article below to find out how to receive your precious invitation code. The beta is reserved for only those who are passionate about DeFi Land!
SRM listed on BitMEX! 💥
With up to 20x leverage available, the SRMUSDT Perpetual Swap contract went live at 04:00 UTC on 24 August and is available to trade on BitMEX now.
Traders post margin in XBT, and earn or lose XBT as the SRM/USDT rate changes.
Moreover, SRM traders will want to check out the new @HuobiFutures_ competition ⚔️
Star Atlas Economics Paper 👨🚀
The goal of the Star Atlas economy is to best align production of goods at scale with both a sense of long-term progression and short-term enjoyment to the players — all while making their collaboration increasingly beneficial to their teammates and faction.
Oh and by the way, Star Atlas IEO is coming up this week on FTX!
01 Protocol Options 📈
Learn more about how 01_protocol is planning to release binary options, everlasting options, and a suite of composable derivatives, first on their devnet and to be followed up quickly with their mainnet.
Never heard of Everlasting Options? Give it a read here (P.S. it’s a bit technical 🤓):
Symmetry 💍 Serum
Symmetry has now become the default swap for the Serum DEX! Congratulations to the awesome work the team has delivered over the past few months 💪
Solana New Website💄
Have you visited Solana website recently? Because it has never been so attractive 😏
1solProtocol partners with Pyth network
1Sol Protocol, a cross-chain DEX aggregator for decentralised protocols on Solana, enabling the most seamless, efficient and protected operations in DeFi, formed a strategic partnership with Pyth Network, a new oracle solution specialising in providing institutional quality, low-latency financial market data to DeFi applications at sub-second speeds in a tamper-resistant environment.
Pyth network partners with Hudson River Trading
“HRT is at the forefront of innovation in the world of automated trading and our teams thrive on the excitement of being at the cutting edge of new technologies and projects,”
“This is why we were eager to be a part of the Pyth network as we leverage the power of decentralized finance to build something that can transform our financial markets.” said Brad Vopni, Head of Digital Assets at HRT.
Pyth network 🏺 Origins
It’s never too late to learn about Greek mythology or the next-gen oracle solution for markets data in Solana and other chains!
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 email@example.com.
We’re always happy to answer questions or assist you in any way we can!