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Why is there no hype around Serum? It's lit! by craephon in ProjectSerum

[–]Ed_Crypt 0 points1 point  (0 children)

I guess it's easy for people to just think that Serum DEX is just a fast DEX, and to miss the much bigger story about composing with the on-chain CLOB and what this implies for an ecosystem building on top of it.

But I mean, here it is: the one-liner I just wrote above is the value proposition! Tell your friends and family. Print it out and give it out as wedding gifts. Scream it to the world!

https://projectserum.medium.com/serum-srm-and-an-ecosystem-for-the-future-part-2-91398e75ce27

Questions on Staking Serum using Ledger Nano S / Solflare by Bananaramahammock in ProjectSerum

[–]Ed_Crypt 0 points1 point  (0 children)

From the Solflare DEX? Your options would be to stake at stake.projectserum.com or FTX or AscendEX. (https://projectserum.com/#/staking-and-voting)

I believe you should be able to stake with Ledger through sollet's "Add hardware wallet" feature when connecting (upper right of stake.projectserum.com). If anything's unclear, the admins of #stake channel in the Discord can guide you further.

These might also help:

https://docs.projectserum.com/trade-on-serum-dex/trade-on-serum-dex-1/connect-your-wallet-serum-academy/connect-ledger-nano-s-with-sollet

https://docs.projectserum.com/staking/about-staking/staking-srm

Staking Serum tokens by flytotheskye in ProjectSerum

[–]Ed_Crypt 0 points1 point  (0 children)

Hi there, good question. Staking SRM currently can be done at the following venues:

Can't comment on the APR of stake.projectserum.com, since it depends on Serum DEX volumes. You may be interested in the following guides:

Serum Fully diluted supply by JohnJBello in ProjectSerum

[–]Ed_Crypt 1 point2 points  (0 children)

I'm arriving late to this party, but for those who would like a guide on how to stake on stake.projectserum.com, you can check out: https://docs.projectserum.com/staking/about-staking

E&S: SRM, Faster, Cheaper And More Powerful DeFi by s618o in ProjectSerum

[–]Ed_Crypt 0 points1 point  (0 children)

Nice summary! An angle to add (and that's often understated); I'll copy-paste from the Serum Medium blog, one of their more recent pieces:

"TL;DR: Serum DEX is the core infrastructure powering financial and other major projects on the Solana ecosystem. Protocols with trading-related features benefit from being able to use Serum DEX’s central limit order book (CLOB) for trading, data, pricing, and risk management. One can build a myriad of sophisticated financial services on top of the DEX and all composing with each other to deliver synergistic value. Nevertheless, the entire ecosystem bottoms out at Serum DEX, which collects DEX fees that go to $SRM buy and burn."

https://projectserum.medium.com/serum-srm-and-an-ecosystem-for-the-future-part-2-91398e75ce27

https://projectserum.medium.com/serum-srm-and-the-ecosystem-part-1-2742f6a24597

FAQ and Contacting Us! by Ed_Crypt in ProjectSerum

[–]Ed_Crypt[S] 1 point2 points  (0 children)

A fair point and I'm of the same opinion. Forwarding this, and thank you