Overview and Features of Serum (SRM)

SRM CRYPTO_NEWS

Serum is a protocol and ecosystem focused on making decentralized finance (DeFi) faster and more cost-effective. Built on Solana, it operates in a permissionless manner, allowing ecosystem partners to use Serum's on-chain central limit orderbook for liquidity sharing and market features.

Background:

DeFi and decentralized exchanges (DEXes) on Ethereum faced challenges like high gas costs and slow transactions. Serum, launched in August 2020 on Solana, aimed to address these issues, along with concerns about centralization and liquidity.

Features of Serum:

Serum Core: Offers an order book for matching various Solana-based trading products, enhancing flexibility.

True Composability: Allows diverse applications to share middleware, promoting modularity and flexibility in design.

Developer Ecosystem: Provides on-chain order matching services for trading applications, ensuring control and flexibility for developers.

Permissioned Markets: Offers flexibility and compliance through permissioned markets.

Serum DEX: Utilizes the Asset Agnostic Order book for pooled liquidity and shared resources, enhancing trading features.

Serum Token (SRM):

SRM is the utility and governance token of the Serum ecosystem.

Integrated into Serum, it benefits from fee buy/burn mechanisms.

Solana Speeds and Costs:

Solana enables sub-second trading and settlement.

Transaction costs are ultra-low at $0.00001 per transaction.

Ultimate Vision:

Serum's ultimate vision is to drive global mass adoption of DeFi. This includes milestones like reaching 1 billion users and $10 trillion of on-chain value.

Source : Rayn Research / Jan 9, 2024

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.