Welcome, readers, to Serum Newsletter #46! The excitement continues unabated in the Serum and Solana ecosystems! In this week’s issue, we summarize the recent parade of new milestone events in the ecosystem and some cool updates on our favourite Serum-oriented projects! Stay tuned, and have a great week!
Serum Discord: https://discord.gg/V9Xzqqxj
Serum Telegram: https://t.me/ProjectSerum
Burns 🔥 and Staking Rewards
Project Serum has surpassed $8.82B in trading volume since inception.
This week, 36.2K SRM was burned and 9K SRM was dropped onto stakers — This is $387K worth at current prices.
Project Serum 🆕 Forum
Have you checked out the brand new Project Serum forum? It’s great way to share ideas and discuss future implementations!
Calling All Devs 👨💻
Looking to build in the Solana and Serum ecosystem? How can Serum benefit your protocol? Learn more about how you can get involved!
Almond — Fair and Nutritious DeFi 🌱
Almond aims to be “the most useful and most community-focused” DeFi platform on Solana, starting with farming and more features soon after. Come learn about their new Diet Plan.
Atrix Protocol 📚
Another insightful thread from the Atrix Protocol team, this time demystifying the concept of DeFi Flash Loans.
Drift Protocol is hiring! 💻
Do you believe decentralized, trustless, and transparent systems have the potential to make the world a better place? Join the Drift Protocol team today!
Didn’t find what you were looking for? Solana has even more opportunities!
Pyth network partners with MEMX
“We want to make our exchange data accessible to participants, wherever they are interested in consuming it, and the Pyth network is an exciting opportunity to bring high fidelity data directly to Defi consumers. We are excited to support this effort by providing MEMX’s robust equities exchange data to the Pyth network.” Jonathan Kellner, CEO of MEMX
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
@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
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 protected].
We’re always happy to answer questions or assist you in any way we can!