What is Serum (SRM)?


What is Serum (SRM)?

Serum is a fully functional decentralized exchange (DEX) with trustless cross-chain trading. Provides a DeFi ecosystem with fast transaction speeds & low costs.

The ecosystem is powered by the Serum utility token SRM. Used for reduced fees & staking rewards, governance. One million SRM can be stacked to create an MSRM token, which is a scarce asset that generates more rewards.

Cross-Chain Swaps – With cross-chain integration, Serum allows users to seamlessly swap BTC, ETH, ERC20, and SPL tokens. Cross-chain swaps provide the DEX with a CeFI experience.

On-Chain Orderbooks – A fully automated on-chain limit orderbook & matching engine gives traders full control over their orders. Users can submit orders with trade directions, prices and sizes.

Leveraged Trading (Contracts) – Decentralized, non-custodial leveraged trading can be conducted for any Serum product using custom cryptocurrency contracts. Contracts can be tokenized and moved across the blockchain.

Serum is built on Solana, providing a DEX with the speed & convenience of a centralized exchange while remaining fully trustless & transparent.


WEBSITEhttps://projectserum.com/


DISCLAIMER
The contents on this site are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. By consuming this content, you agree to hold us harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. This page may contain affiliate links to products. We may receive a commission for purchases made through these links at no additional cost to you.