Our ultimate vision for Serum hasn’t changed: we want to gear DeFi up for mainstream adoption by building the infrastructure needed to support trillion dollar industries with billions of users. We still have a ways to go, but for reasons you are probably well aware of: Serum remains a primary contender for the ecosystem most likely to achieve this.
What do we need to get there? Over this last year, we’ve been blown away by the growth and achievements of the Solana and Serum communities. Going forward, we want to double down on empowering projects and teams involved in the Serum ecosystem to do as much as they can.
In many industries, the idea that collaboration between participants will propel their space forward can feel like an empty aphorism. In ours, however, it’s clearly true. Projects can see huge gains by sharing CLOB-based liquidity, by building and composing on the same shared programs, and by developing the decentralized services we suspect will be necessary for future projects, including those we haven’t thought of yet.
To that end, we are partnering with other ecosystem participants to roll out DEX upgrades, introduce new financial primitives to the Serum ecosystem, and reduce the barrier to entry for getting a Serum project up and running.
Here they are:
Direct Serum DEX upgrades:
- Options for reduced fees; to be used in, for instance, stablecoin <> stablecoin markets: available for teams that are building stableswap protocols that compose with Serum
- Permissioned markets: the ability to restrict which accounts can trade on a market
- Automatic settlement using associated token accounts
Derivatives on Serum:
- Perpetual future products: 2022Q1–2022Q2
- Borrow-lending, with support for a wide swath of collateral tokens: 2021Q4–2022Q1
- Spot margin: 2022Q1–2022Q2
- Decentralized cranking coordination so that new projects can avail of existing crank services
- Fully decentralized Serum buy and burn
- Scaling up grantmaking
- Decentralizing the grantmaking progress
Institutional access, liquidity providing:
- Building out standardized API interfaces to the Serum DEX and projects in the Serum Ecosystem, supporting REST, websocket, and FIX access
- Onboarding CeFi partners
- Market maker incentive programs, including for use by new projects composing with existing markets
- Optimizing RPC server performance for common DEX operations