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Serum is a decentralized exchange (DEX) operating on the Solana network. Serum was founded in conjunction by FTX, the Solana Foundation, and Alameda Research, and currently boasts a large team of experts working to further develop the project in the Serum Foundation. Serum (SRM) is a cryptocurrency token running natively on the Solana Network, and is also available as an ERC-20 token on the Ethereum blockchain.
Serum (SRM) is the only exchange with an on-chain order book and trading engine, making the trading experience truly decentralized. Serum boasts that SRM holders are buying into a locked up seed sale intended for long-term support of the Serum ecosystem, rather than for a quick profit. They also promise reduced fees on the Serum exchange for SRM token holders, staking rewards, and specialized governance. As a utility token, users can save 50% on exchange fees.
*聽Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*聽Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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