PROJECT SERUM
Previously:
How is DeFi?
Trust and Centralization:
Tonight We are Young:
Doing It Right:
a) Some others know DeFi better than I
b) I don't know the future, I'm just guessing
c) Not investment advice
d) In the end value is in the eye of the beholder. It doesn't matter what I think, it matters what you all think.
And it's made a lot of headlines this month. But the actual products have a long way to go.
So there are no orderbooks, or risk engines, or complex, computationally intensive products.
This is Project Serum.
projectserum.com
Serum is fast, and it's cheap, and powerful, and fully cross-chain compatible. And it's truly, fully trustless.
And unlike many side chains, Solana is a fully fledged, decentralized blockchain with over 100 validators.
Together these let Serum's users have the experience they're used to on a centralized exchange.
100% of net fees go to a burn of SRM, holders get discounts on fees, and SRM can be staked on nodes to help optimize the network's performance.
All of this will wield funds to build the ecosystem and a specialized governance model to support Serum.
Serum, and SRM, will start rolling out over the next few weeks.
Or see us soon, on a blockchain near you. (And maybe an exchange.)
Meanwhile you can play a fun game on Solana:
break.solana.com/setup?cluster=…