Serum Newsletter #40

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

Announcements: https://t.me/ProjectSerum_announcements

Burns 🔥 and Staking Rewards

This week, 50K SRM was burned and 12K SRM was dropped onto stakers — This is $449k worth at current prices!

Atrix Protocol Interview 🎙️

“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 🚜

SRM listed on BitMEX! 💥

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 📈

Never heard of Everlasting Options? Give it a read here (P.S. it’s a bit technical 🤓):

Symmetry 💍 Serum

Solana New Website💄

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

Who’s Building on Serum? 🔧

@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!

Serum is a decentralized exchange (DEX) and ecosystem built on Solana that brings unprecedented speed and low transaction costs to decentralized finance.