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1) It's taken a huge effort from dozens of developers, designers, project managers, and community members; but things are coming together: I'm excited to say that the first trade on the Serum DEX will print this week.
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2) It won't be a full product, or a perfect DEX: we're still hooking up GUIs and wallets and APIs and docs. And the cross-chain bridges, tokenized products, etc. will roll out over the next few months. But we've been focused on releasing a usable product. It's almost here.
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*mostly* doable. One tricky thing: blockchains are really bad at doing things of their own accord, they usually need to be poked, which makes stops tricky.
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