Welcome, readers, to Serum Newsletter #36! The fun never ends in Serum and Solana land! As always, there’s tons of updates to cover. We’ll give you a run-through of some of the most exciting and headline-grabbing events, as well as some content we’ve found especially educational.
Serum Discord: https://discord.gg/V9Xzqqxj
Serum Telegram: https://t.me/ProjectSerum
Project Serum has surpassed $5.61B in trading volume since inception.
This week, 61.2K SRM was burned and 15.3K SRM was dropped onto stakers — This is $239k worth at current prices.
This week, we’re joined by Daniel and Shardul from Cyclos, a new AMM solution bringing concentrated liquidity to Solana with the help of Serum. The Cyclos team shared with us their vision, and for Cyclos, their founding story and Hackathon tales.
Here’s your chance to compete against the best traders on Zeta Markets’ latest Alpha Product for binary options! Winners will have the chance to win limited edition Zeta trading cards.
To register: https://zeta.markets/#/competition-form
Registration ends July 30th at 23:59 UTC.
It’s always good to have a plan before entering a trade.
Mango Markets helps you do just that. The Risk Calculator helps estimate liquidation scenarios on leveraged positions.
Saber, a cross-chain stablecoin and wrapped assets exchange on Solana, just crossed over 100 million in Total Value Locked (TVL), an impressive achievement considering that Saber pools were launched only two weeks ago. We look forward to watching Saber’s growth!
The round was led by Race Capital, with participation from Chamath Palihapitiya’s Social Capital, Jump Capital, Multicoin Capital, and the Solana Foundation. Angel investors, including OKcoin’s Jason Lau, Curve Finance’s Julien Bouteloup, Terraform Labs’ Jeff Kuan, and Stacks’ Ryan Shea, also participated in the round.
There’s a lot of anticipation for DeFi Land, the new Play-to-Earn agriculture-simulation web-game which gamifies DeFi. Players waiting to test the game are also welcome to participate in DeFi Land’s art contest!
Deadline for submissions: 23:59 EST, 1st of August.
There was a full-house at the blockchain conference in Hangzhou China, featuring Project Serum and many others. We would like to thank Multicoin Capital for this wonderful and insightful event!
Parrot Protocol is a DeFi network built on Solana that accepts cross-chain LP tokens as collaterals to mint its stablecoin $PAI. The Parrot protocol is set to make the value locked in cross-chain LP tokens accessible on Solana.
Under this partnership, Apricot’s users will be able to supply PAI as a valid collateral. In addition, users can borrow various assets such as USDT, USDC, SOL to mint PAI, and earn extra rewards from both Apricot and Parrot when they do so.
IEX Cloud, the independent financial data delivery platform owned by IEX Group, Inc., announced that it has joined the Pyth network, the Pyth network, a next generation oracle solution that will provide trusted and verifiable market data to the next generation of decentralized applications.
“IEX Cloud’s mission is to improve access to trustworthy financial market data and so we’re excited to be part of such an ambitious project by providing real-time market data to the blockchain,” Tim Baker, Head of IEX Cloud.
“Thanks to Wormhole, Everlend will have the ability to add assets from other chains like Ethereum, which will make it easier to attract newcomers and investors from other blockchains. At launch Everlend will support several Solana native assets and a couple of wrapped native Ethereum assets. Our smart contracts for each one will be secured by customized price feeds powered by Pyth Network.” Everlend Team
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
@WormholeOracle 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
@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 [email protected].
We’re always happy to answer questions or assist you in any way we can!