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

• • •

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More from @SBF_Alameda

27 Oct
1) Some brief thoughts on
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!
2) NOT INVESTMENT ADVICE 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!
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
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
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
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

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