Serum (SRM) is the world’s first completely decentralized derivatives exchange with trustless cross-chain trading. EcoSerum supports projects built on Serum.

Project Serum brings trustless trading in collaboration with a consortium of crypto trading and DeFi experts. It is built on Solana.  It is Permissionless and it is decentralized and therefore run by the community.

Swipe recently expressed that Serum $SRM is now available on the SwipeWallet App and Card. It is possible to buy and sell with linked banks and cards; Spend to fiat using the Swipe Visa Card; Instant Swap SRM with all the other coins available on the App.

Those who build on Serum will be getting funding and also bounties. There is a getting involved page which provides more details.

The project ideas for Serum is already listed.  Some of them are about the AMM Bot, Dumplings, Borrow/lending, Sushi Swap, cross-chain bridges, cross-chain lending, serum oracle, serum RFQ, and decentralized wrappers, synthetic assets, volatility products, Zero knowledge liquidation engine, native metamask integration, mobile app, badges, GUI and other ideas.

Those who are looking to build new projects on Serum will be able to coordinate with EcoSerum based on the applicable terms.

The nodes recently voted in favor of creating an initiative to fund projects building on Serum coordinated by EcoSerum, one of Project Serum’s nodes. Furthermore, 2% of all Serum fees will be used to fund new projects through EcoSerum

Sydney Ifergan, the crypto expert tweeted:  “Serum (SRM) are doing a good job.  Whether about me or anyone else, we well know nothing moves without money or funds. Good about EcoSerum to help developers go places.“

Serum (SRM) Funding Through EcoSerum

EcoSerum will provide grants for promising proposals. The funding will be from 2% of all the Serum fees. To get things started, the EcoSerum Project Funding Pool (EPFP) have a seed fund of 200,000 SRM tokens locked and 1 locked MegaSerum (MSRM).

The MSRM tokens is fully locked until 2021-08-01 and further unlocks linearly over the subsequent 6 years.

Promising projects will be eligible for grants ranging from 1,000 and 20,000 unlocked SRM tokens to pre-launch with a further grant of SRM upon project launch.

EcoSerum will decide on the second grant size post-launch based on how the project gets executed, which can be ranging from 5,000 SRM to 100,000 SRM, locked for 1-7 years.

The Serum Academy has exhaustive details about project ideas, the serum ecosystem and a range of essential details in this regard.  Regular information and communication channels like Github, Website, Discord, Telegram, and Twitter are active.