Welcome, readers, to Serum Newsletter #45! What’s going on this time around in the Serum and Solana ecosystem? In this issue, we run through a number of new partnerships, live shows, and other exciting media releases by our favourite partners and ecosystem players! There’s plenty to check out and to be entertained by.

Serum Discord: https://discord.com/invite/wZbHams7KV/

Serum Telegram: https://t.me/ProjectSerum

Announcements: https://t.me/ProjectSerum_announcements

Burns 🔥 and Staking Rewards

Project Serum has surpassed $8.54B in trading volume since inception.

This week, 54.6K SRM was burned and 13.7K SRM was dropped onto stakers — This is $485k worth at current prices.

Project Serum: The Path to Decentralization

Learn more about Serum’s next step towards becoming a DAO to allow the community to self organise and pursue their common goals. There will be a number of important changes that will make decentralised governance possible for Serum.

Solrise DEX Pro 🌞

Solrise DEX Pro is our way of bridging the world of institutions to DeFi without resorting to centralization. With Solana already being the most familiar DeFi ecosystem for traditional finance, we expect to become one of the primary hubs for institutions that wish to jump into the ecosystem. This permissioned DEX allows us to establish a parallel ecosystem of permissioned protocols.

Project Serum Ignition Prize 🏆

Looking to build on top of Serum? You could receive a $30K prize!

Check out the Project Ideas and Grants docs for more insights!

Serum X Solrise Twitter Space 🎙️

What does a permissioned DEX mean for DeFi? Find out today in a live chat with @SolriseFinance & @civickey hosted by @ProjectSerum.

Mercurial X Wormhole 🤝

@MercurialFi has collaborated with @wormholecrypto to create Solana first 4pool for swapping wrapped stablecoins. This ensure the end-to-end decentralization of stablecoin assets on Solana. Check out this awesome step by step guide to transfer Ethereum assets to Solana.

Congrats to the @MercurialFi team for constantly innovating.

FIDA Binance Listing ✅

SPL tokens continue to be listed on Binance! Congratulations to the Bonfida team.

Mango Getting Started Tutorials 🥭

Learn about Mango and its powerful risk engine, tooling, and permission-less trading platform.

Sonar Watch Medium 📚

Discover the origins of Sonar as well as a quick presentation of the team. More to come on the following weeks! Give them a follow!

Pyth network partners with GMO Coin

GMO Coin was established in October 2016 as a crypto assets exchange business and was registered as Type I Japanese Financial Instruments Business in May 2020. GMO Coin also provides crypto assets trading services, one of which enables leverage trading w/ safe and secure system

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

@phantom wallet to interact with the ecosystem

@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

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

@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

@DriftProtocol 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

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