Welcome, everyone, to Serum Newsletter #44! 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 $8.31B in trading volume since inception.
This week, 69K SRM was burned and 17K SRM was dropped onto stakers — This is $662k worth at current prices!
Project Serum 🤝 Bonfida
Thanks the AOB (asset-agnostic orderbook), Serum becomes a truly universal component usable by any protocol, derivative, spot or anything else. Devs can use it to match anything — even NFTs or non-fungible stuff or domain names or whatever. Perps are a great example, and the AOB means that builders no longer have to try and represent complex positions via SPL tokens.
In other words, other protocols, like Audaces, or a Zeta or Mango Markets, can focus only on the risk engine, the margin engine, and outsource all the matching to Serum.
DeFi Land Test Version is Out! 🚜
Players have waited in anticipation for about a month! Reviews have been pouring in with adulation. We’re super excited for the future of gaming, online (yield) farming, and DeFi. Serum contributors are looking forward to sharing their in-game experiences soon, so stay tuned.
Congratulations to the @wormholecrypto team on this incredible milestone! The Wormhole Token Bridge is going to be key for a sustainable cross-chain future.
Symmetry Swap Upgrade ⚡
Many have asked how to retrieve their SOL (around 0.023), which used as a “rent”, to create their open order accounts, the intermediary address between you and the DEX on that pair. You can now finally retrieve that SOL easily by using Symmetry Swap!
Mercurial x NFT from Star Atlas 👨🚀
Trading your favourite NFTs spaceships from Star Atlas through an order book can be daunting task, especially if you just want to quickly buy or sell a Star Atlas NFT. Now, you can immediately see the best price available and swap in one click thanks to Mercurial Finance!
Atrix Protocol 📚
An insightful thread from the Atrix Protocol team demystifying the concept of slippage and the role its plays in decentralized exchanges.
CropperFinance x Project Serum💧
We’re happy to announce our latest partnerships with CropperFinance, which will integrate with Serum on-chain orderbooks to provide their AMM service.
Pyth network partners with AmberGroup
“Joining the Pyth Network was an obvious decision for us as we share a common goal to make markets more accessible and transparent for trading participants through blockchain technology and decentralized finance. The Pyth Network is one of the most exciting and promising projects that we’ve seen hit the ecosystem and we look forward to providing our crypto data to help it flourish.” Michael Wu, Chief Executive Officer of Amber Group
Pyth network partners with Galaxy Digital
“We’re happy to experiment with lots of things, but that’s not what I would call this. I would call this something that we see as part of the core infrastructure of DeFi more broadly.” James Roth, Business Development at Galaxy Digital
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 firstname.lastname@example.org.
We’re always happy to answer questions or assist you in any way we can!