SBF Profile picture
28 Oct, 9 tweets, 2 min read
1) Some updates on Serum Swap!

swap.projectserum.com
2) NOT INVESTMENT ADVICE
3) The SRM airdrop period has started! 1m SRM this month.

Will happen at 20 random times in the SRM pools.

Will post when it does.
4) Lots of UI cleanups already done!

And if you want to host your own Serum Swap -- go for it.

You'll even get paid! 1bp on all trades goes to whoever hosts the GUI :)

It's all open-source. github.com/project-serum/…
5) It isn't audited yet.

But -- we have had a bunch of devs look over it, and tested it out.

50k SRM for any reputable firm that audits it!

Also: 2m SRM insurance fund in case of serious bugs!
(NOT UI bugs, rounding errors, questionable calls, etc.).
6) Pools coming out soon!

Which will let anyone create totally customizable AMMs, pools, funds, etc.
7) You can add any SPL _or_ ERC20 token to Serum Swap! You can use sollet.io to wrap an ERC20 token --> SPL token.

You can create an AMM pool for any 2 SPL tokens in your wallet.
8) As always -- be aware of IL, etc.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with SBF

SBF Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @SBF_Alameda

27 Oct
1) Some brief thoughts on swap.projectserum.com:
2) NOT INVESTMENT ADVICE.
3) AMMs have problems.

Primarily impermanent loss; or put another way:

blindly providing while people pick you off to market moves.
Read 8 tweets
27 Oct
1) The first AMMs are live on @ProjectSerum!

1,000,000 SRM yield this month!

swap.projectserum.com
2) NOT INVESTMENT ADVICE

swap.projectserum.com isn't audited. Use at your own risk.
3) You can create AMM pools for any pair of SPL tokens; trade against the pools; add liquidity; etc.

1 second settlement, $0.00002 gas!
Read 9 tweets
26 Oct
1) HUGE UI/UX improvement to Solana:

Send someone an SPL token just using their SOL address!
2) NOT INVESTMENT ADVICE
3) What does this mean?

Well, on Ethereum, say your address is X.

Then you'd send ETH and all ERC20's directly to X.

Solana is different.
Read 14 tweets
26 Oct
1) AMMs on Serum
2) NOT INVESTMENT ADVICE
3) One thing you can do on Serum is build an AMM, just like Uniswap.

The difference is just that it's faster and cheaper.

Does that matter?
Read 14 tweets
25 Oct
1) thoughts on crypto account security
2) NOT SECURITY ADVICE
3) The first question you should ask yourself is:

"how sad would I be to lose these funds?"

Spend as much attention as makes sense given the cost

a) "lol who cares": username/password, stick in password manager; or log in with google/etc.; whatever.
Read 13 tweets
21 Oct
1) calm and storm
2) NOT INVESTMENT ADVICE. NOT WEATHER ADVICE
3) It's been too long since there have been major releases in Serum, or in FTX.

Partially that's because there have been a lot of large things churning in the background which have taken a few montsh.

Partially that's because a few quicker things were delayed.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!