Serum Newsletter #54. Welcome, readers, to Serum Newsletter…

Welcome, readers, to Serum Newsletter #54! The excitement continues unabated in the Serum and Solana ecosystems! In this week’s issue, we summarize the recent parade of new milestone events in the ecosystem and some cool updates on our favourite Serum-oriented projects! Stay tuned, and have a great week!

Serum Discord: https://discord.gg/V9Xzqqxj

Serum Telegram: https://t.me/ProjectSerum

Announcements: https://t.me/ProjectSerum_announcements

This week, 247K SRM was burned — That’s $1M at current prices!

Last weekend, Serum hit $350M in 24H volume, and we are just warming up!

BUIDLIN on Serum? You definitely need to be there!

Thanks to the AOB, Serum becomes a truly universal component usable by any protocol, derivative, spot or anything else. Devs can use it to match anything — even NFTs or non-fungible stuff or domain names

Zeta Markets is hiring! Give it a thought. There’s power in optionality!

The Zeta Markets doing what it does best, shipping!

“With Switchboard v2, Solana developers no longer need to ask anyone to sponsor or build support for a feed, if there’s a public endpoint they can bring that data on-chain all through Switchboard’s decentralized oracle network.”

“The project was built in response to many of the problems the team saw in DeFi at the time. Ethereum’s limitations made it slow and expensive, many protocols were de facto centralized, and there was (and remains) a lack of cross-chain functionality”.

Have you heard? The fees have been reduced on all Serum powered markets!

Avax now lives on Pyth network!

“Institutional adoption of digital assets is well underway at this point, but what we’re also starting to see is these same institutions adopt DeFi. We are excited to be a part of this project that helps further advance critical DeFi infrastructure and has the potential to unlock greater efficiency and transparency in our financial system”. Anton Katz, Co-Founder and CEO of Talos

This list is not exhaustive but hopefully illustrates some of the exciting projects building within the Serum ecosystem!

And so many more!

If you have any questions or wish to build in the Serum ecosystem, please feel free to reach out to us at contact@projectserum.com.

We’re always happy to answer questions or assist you in any way we can!

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Saber Launches First Magic Internet Money Stable Pools on Solana with Allbridge

Saber is excited to bring Magic Internet Money to Solana! Magic Internet Money is a decenttralized stablecoin offered by the Abracadabra.money project, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stablecoin (Magic Internet Money — MIM), that can be used as any other traditional stablecoin.

The new pools pair MIM / UST and MIM / CASH. SBR rewards will go live for the pools within 1 hour! To bridge these assets, head to Allbridge and select Ethereum as the source chain (this version of MIM originates on Ethereum).

Saber is the leading cross-chain AMM for pegged assets on Solana, such as stablecoins and wrapped assets. As Solana’s core cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.

Website | Twitter | Discord | Medium

Allbridge is modular and expanding token bridge with on-chain consensus. It’s a simple, modern, and reliable way to transfer assets between blockchain networks. Allbridge mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks. In the future it will evolve into a DAO-style multi-chain hub, establishing connections between the EVM and non-EVM networks.

Website | Twitter | Telegram | Medium | Trustpilot

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