Serum

Serum SRM

$1.78
Market Cap $ 89.210 MM (#121)
24h Volume $ 33.046 MM
Chg. 24h: -3.52%
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Serum project purpose and description

Short description

Serum is the world's first completely decentralized derivatives exchange with trustless cross-chain trading brought to you by Project Serum, in collaboration with a consortium of crypto trading and DeFi experts. While we built the Serum protocol, it is permissionless – we do not hold special power anymore. It is up to you, the crypto community, to use it as you will.

Abstract

Project Serum will unveil a fully functional decentralized exchange with trustless cross-chain trading, all at the speed and price that customers want. And despite living natively on Solana, it will be interoperable with Ethereum. Serum is made of seven main ingredients: SRM: the Serum token is the utility token of the Serum ecosystem – SRM will be fully integrated into Serum, and also benefit from a buy/burn of fees Cross-Chain Swaps: trustlessly exchange assets between chains – This is in contrast to most current protocols that rely on trusted parties to administer the swap Orderbook: a decentralized automated full limit orderbook – This will give traders full control over their orders, unlike automated market making.– Orderbook and matching is fully automated on-chain and orders are from Serum end users

Link to Roadmap: N/A
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