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9) But the part of Serum that I sunk the most time and effort and creativity into was the month long run up to the announcement. Usually I'm pretty straight forward with my plans. Want to know what's next up? Tweet at me, or Telegram me! But this time it was slow rolled.

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10) There were a bunch of pretty intentional pieces of the preparation; if you go through my twitter feed some will definitely stand out. The largest was a series of posts I made laying out my sense of The State of DeFi.

Quote Tweet

1) This is my fifth and final post about The State of DeFi: PROJECT SERUM Previously: How is DeFi? twitter.com/SBF_Alameda/st Trust and Centralization: twitter.com/SBF_Alameda/st Tonight We are Young: twitter.com/SBF_Alameda/st Doing It Right: twitter.com/SBF_Alameda/st

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11) But there were also hundreds of hours spent learning, investing, building relationships, and tweeting over the course of June and July that lead up to the announcement.

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12) Why bother with the slow roll? Well, first of all, we wanted to be confident in the vision and product, and that took time. And part of that was talking to tons of teams across the DeFi ecosystem, bouncing ideas around to make sure we weren't missing big things.

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13) Second, we wanted to give the world context on how we saw DeFi, and give time for debate and discussion. I wanted my thoughts to be aired out in the open before asking people to believe in them.

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14) And third... It wasn't something I'd really done before, but it was a campaign that I was excited about. It gave me time to build out the backdrop for Serum carefully and creatively.

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15) I'm really excited about the future of Project Serum, and of SRM (and MegaSerum!). And usually I'm frustrated with the past: usually I see mostly the ways I fucked up, or could have done better. But I'm really proud of the pre-announcement buildup for Serum.

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16) So, I've grown to appreciate the advantages of preparing for an announcement. I've also grown to appreciate the value of shooting for the highest upside I can even more than I used to. And so we've spent a lot of the last 6 months planning for what that could look like.

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17) You've seen a bunch of it come out over the last month, from

to hiring

to building out the

ecosystem. And I'm super excited to say that we expect to release the first beta for Project Serum next week.

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18) But there's more coming; pieces to help reach towards the best version of what we can build. Some of it's been a long time coming; some exploded onto our consciousness over a weekend. Some have been leaking through in our plans.

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19) I'm really excited to be able to share some of those with everyone over the next month.

4:05 PM · Aug 21, 2020Twitter Web App

@Davidson_august

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Will the project launch this month ?

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@Davidson_august

Serum will!

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Homeless emperor

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Sam it's great, but the price of serum is not great. It's god damn high. We need a correction here.

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Composability Kyle

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You fucked up Should have been giga serum

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Is it possible to do some governance scheme where multiple people control 1 MSRM? It would be interested to have smaller pools of capital involved.

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MegaSerum is cool indeed. The other way round, I won't be surprised to see milli/micro Bitcoin on exchanges assuming 1 whole btc becomes super expensive to acquire with USD for the public. Displaying/inputing all the 0.000.. becomes bad UX

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