What is serum (Defi)?

( DeFi ). Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share liquidity and power their trading features for institutional and retail users.

Is serum a decentralized finance platform?

Existing decentralized finance (DeFi) projects can also access Serum’s features and liquidity, regardless of which blockchain they are built on. Serum’s utility token, SRM, enables holders to receive up to a 50 percent discount on their trade fees and stakers to vote and participate in the platform’s governance mechanism.

Why is serum a good alternative to Defi?

In light of the popularity of DeFi and the growth of DEXes on Ethereum, users and developers are limited by high gas costs and slow transactions. Serum aims to resolve these traditional problems of DeFi, as well as issues of centralization, low capital efficiency, and liquidity segmentation.

What is SRM (megaserum)?

While most components of the Serum ecosystem are immutable, some non-critical parameters, like future fees, can be modified via SRM governance votes. Furthermore, all of the net fees in the exchange will be used to buy and burn SRM tokens. MSRM (MegaSerum) is simply 1 million SRM tokens stacked together.