Discover and read the best of Twitter Threads about #SerumExplained
Most recents (3)
#SolanaSam
Readers might remember, as outlined in #SerumExplained, how "Serum is the key plumbing infra in the Solana ecosystem." (@tmnxeq
dixit) and how its CLOB allows for unparalleled composability and capital efficiency.
1/6
Readers might remember, as outlined in #SerumExplained, how "Serum is the key plumbing infra in the Solana ecosystem." (@tmnxeq
dixit) and how its CLOB allows for unparalleled composability and capital efficiency.
1/6
It so happens that SBF, FTX and Alameda are the minds behind $Serum, and that they decided to launch it in $Solana instead of #Ethereum.
At the time, people were like...
2/6
At the time, people were like...
2/6
They did so because a CLOB is possible on $Solana because of its high scalability, supporting 50,000 tps vs Ethereum's 18, what turns into near-zero fees in Solana vs "$2 for touching a button" (would be $200 today).
3/6
3/6
The following is #SerumExplained from a member of Team Eta @SixtyNineSams $SRM $SOL
“Serum is the plumbing and infrastructure for financial projects building on the Solana ecosystem” Serum's CLOB allows projects to send their bids/offers in to utilize serum’s liquidity which in return helps Solana eco.
It might not make sense to non-crypto ppl, hear me out here
It might not make sense to non-crypto ppl, hear me out here
Think of Solana as McDonald corp. and Serum as the its system/resource to open a McDonald. To open a store, you will need to follow standard, but you will get a lot of resource from McDonald's network. Serum creates Central Limit Order Book(CLOB) for projects to utilize liquidity
“What is Serum and why is it an important part of the Solana ecosystem?” #SerumExplained
Think of Solana as the OXYGEN DeFi needed.
Think of Serum as the SPARK that has ignited an eternal flame.
🧵👇 1/6
Think of Solana as the OXYGEN DeFi needed.
Think of Serum as the SPARK that has ignited an eternal flame.
🧵👇 1/6
THE PROBLEM
DEX/AMM > CEX. Because the future of crypto will be decentralized or it will not be at all.
But AMM shortcomings are aplenty: lack of advanced trading features (e.g., limit orders), high transaction fees, relatively long processing times.
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DEX/AMM > CEX. Because the future of crypto will be decentralized or it will not be at all.
But AMM shortcomings are aplenty: lack of advanced trading features (e.g., limit orders), high transaction fees, relatively long processing times.
2/6
SOLANA: A NEW HOPE
Solana ($SOL) is a decentralized blockchain built to enable scalable, user-friendly apps. 65,000 transactions per second and near-to-zero fees.
Think of Solana as the OXYGEN DeFi needed.
3/6
Solana ($SOL) is a decentralized blockchain built to enable scalable, user-friendly apps. 65,000 transactions per second and near-to-zero fees.
Think of Solana as the OXYGEN DeFi needed.
3/6
