Serum
Serum is a decentralized exchange (DEX) built on the Solana blockchain.
Serum
Serum is a decentralized exchange (DEX) and ecosystem built on Solana, it brings very fast speeds and low transaction costs to Decentralized Finance. Serum's partners can use it's on-chain orderbook to share liquidity and power markets-based features for institutional and retail users. And according to statistics, it is the second most popular DEX on Solana
Serum DEX offers:
- Trading/Swapping: Serum lets users trade tokens while being very quick and fully permissionless
- Governance Token: Serum has it's own governance & utility token: $SRM. Holding $SRM on your wallet gives you a discount on the transaction fees.
- Serum Core: The asset agnostic order book for matching any solana based trading product.
- Solana speeds and costs: High speed transactions and low costs, all on the DEX itself.
Transaction Fees:
Serum charges fees on trades that use its order book. Other applications (eg. Raydium) may charge their own fees in addition to the fees Serum charges. All fees go to the benefit of SRM.
Fees in the Serum ecosystem work currently as follows:
- 20% of net fees go to the project or GUI hosting the activity
- 80% of fees go to buy and burn of SRM
Serum Tokenomics:
10% of all SRM tokens begin unlocked. The other 90% all have the same unlock schedule. They are fully locked for the first year, and then unlock linearly over the next 6 years, beginning on the 11th of August 2021, at approximately 1/2190 per day. All seed sales were locked.