{"id":359508,"date":"2021-10-28T20:15:00","date_gmt":"2021-10-28T17:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/project-serum-allocates-100m-to-liquidity-mining\/"},"modified":"2021-10-28T20:15:00","modified_gmt":"2021-10-28T17:15:00","slug":"project-serum-allocates-100m-to-liquidity-mining","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/project-serum-allocates-100m-to-liquidity-mining\/","title":{"rendered":"# Project Serum allocates $100M to liquidity mining"},"content":{"rendered":"<p>&#8220;<strong># Project Serum allocates $100M to liquidity mining  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Project Serum, a decentralized derivatives exchange for the Solana network, has launched a $100 million liquidity mining program as part of a broader effort to attract users to the ecosystem.<\/p>\n<p>The initial allocation was <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved by Serum\u2019s decentralized autonomous organization, or DAO, the project <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/project-serum-community-approves-launch-of-liquidity-mining-program-with-initial-allocation-of-100m-301410801.html\">announced<\/a> Thursday. The sum, paid out in Serum\u2019s native SRM token, will be used as a reward mechanism for automated market makers that work directly with Serum\u2019s on-chain order book. <\/p>\n<p>Liquidity mining is an effective tool for DeFi protocols as it incentivizes automated market makers to supply liquidity and enhances the network\u2019s overall operation. As a broader concept, liquidity mining refers to a process whereby a project offers its tokens to anyone willing to deposit funds into a smart contract. <\/p>\n<p>Serum Protocol is in a unique position, given Solana\u2019s enormous growth over the past year. The smart contract platform has a total market capitalization of nearly $60 billion, making it the sixth-largest blockchain project in the world. As Cointelegraph reported, Solana Labs, the developer studio incubating Solana projects, raised over $314 million in a private token sale that concluded in June. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Solana DEX raises $18M <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> A from Three Arrows Capital, Coinbase Ventures<\/em><\/strong><\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/f0b40c93-f3e1-40fc-bab6-26dfa0e8d06c.png\"><figcaption style=\"text-align: center;\"><em>Serum TVL has exploded over the past month in U.S. dollar terms. Source: defillama<\/em><\/figcaption><\/figure>\n<p>In terms of total value locked, or TVL, Serum Protocol ranks 11th among decentralized exchanges at $1.58 billion, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocols\/dexes\">according<\/a> to industry sources. By comparison, Curve has over $18.8 billion in TVL while SushiSwap, PancakeSwap and Uniswap each have over $5 billion. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/project-serum-allocates-100m-to-liquidity-mining\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Project Serum allocates $100M to liquidity mining &#8221; Project Serum, a decentralized derivatives exchange for the Solana network, has launched a $100 million liquidity mining program as part of a broader effort to attract users to the ecosystem. The initial allocation was approved by Serum\u2019s decentralized autonomous organization, or DAO, the project announced Thursday&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":359509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvZGE5OTA4MDAtYTZmNi00NWYyLTkwNmUtNzZhZWU4YjQxNTM2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74868,75916,107545,92498],"class_list":["post-359508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-defi","tag-dex","tag-liquidity","tag-solana"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/359508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=359508"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/359508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/359509"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=359508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=359508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=359508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}