Serum

Serum was a permissionless protocol and ecosystem. Serum users could control their trading with its decentralized orderbook that was operated with smart contracts. They were able to choose the size, price, and direction of their trades. Users could trade across different platforms, including Ethereum and Polkadot. It was intended to be used by retail traders, developers, and algorithmic traders to utilize the shared liquidity or create a marketplace.

The Serum Token, SRM, was the utility and governance token of Serum. It is available on the Solana and Ethereum blockchains. 10%Ten percent of all SRM tokens have been unlocked and there was a set unlock schedule prior to the demise of the Serum Project. SRM can still be traded on DEXs, such as Binance, but the future of the token is uncertain.

Serum was a DEX built on the Solana blockchain where users could buy and sell cryptocurrencies. It was launched in 2020 and had the backing of companies such as FTX and Alameda Research. With the collapse of these backers, Serum was declared defunct in November 2022, but the token for the project, SRM, can still be traded on other DEXs.

Serum was a permissionless protocol and ecosystem. Serum users could control their trading with its decentralized orderbook that was operated with smart contracts. They were able to choose the size, price, and direction of their trades. Users could trade across different platforms including Ethereum and Polkadot. It was intended to be used by retail traders, developers, and algorithmic traders to utilize the shared liquidity or create a marketplace.

As previously mentioned, the Serum DEX is now defunct and users can no longer trade on it.

The Serum Token, SRM, was the utility and governance token of Serum. It is available on the Solana and Ethereum blockchains. 10% of all SRM tokens have been unlocked and there was a set unlock schedule prior to the demise of the Serum Project. SRM can still be traded on DEXs such as Binance but the future of the token is uncertain.

Project Serum will unveil a fully functional decentralized exchange with trustless

cross-chain trading, all at the speed and price that customers want. And despite

living natively on Solana, it will be interoperable with Ethereum. Serum is made

of seven main ingredients:

• SRM: the Serum token is the utility token of the Serum ecosystem

– SRM will be fully integrated into Serum, and also benefit from a

buy/burn of fees

• Cross-Chain Swaps: trustlessly exchange assets between chains

– This is in contrast to most current protocols that rely on trusted

parties to administer the swap

• Orderbook: a decentralized automated full limit orderbook

– This will give traders full control over their orders, unlike automated

market making.

– Orderbook and matching is fully automated on-chain and orders are

from Serum end users

• Full Ethereum and Solana integration

– This will make Serum fast and efficient–all while being interoperable

with the Ethereum ecosystem and ERC20 tokens

• Physically settled cross-chain contracts

– These will allow easy margin positions in DeFi on synthetic assets

• SerumBTC: a model for creating an ERC20 or Solana tokenization of BTC

– This would be a fully trustless BTC token

• SerumUSD: a model for creating a decentralized stablecoin

– This would be a decentralized stablecoin that does not have a single

point of failure