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4) Over the next month, 1m SRM tokens will be dropped as yield between 10 different SRM AMM pools: SRM/BTC SRM/ETH SRM/USDT SRM/USDC SRM/SOL SRM/YFI SRM/LINK SRM/SUSHI SRM/FTT SRM/FRONT The SRM will be added into the pools at 20 random times until 2020-11-25.

SBF

@SBF_FTX

Oct 27, 2020

5) 30bp fees to trade against the pool 25bp rebate to LPs 4bps --> SRM buy/burn 1bp --> GUI host

SBF

@SBF_FTX

Oct 27, 2020

6) You can host Serum AMMs to collect 1bp on all trades done through your GUI! More details here: serum-academy.com/en/serum-swap/

SBF

@SBF_FTX

Oct 27, 2020

7) Still some UI cleanups to do, sorry about that! Generalized Pools are coming in the next week, too. And remember -- providing in AMMs can incur IL. Do so at your own risk.

SBF

@SBF_FTX

Oct 27, 2020

8) At current levels, the APY of providing in the pools is Very Large. 1m SRM over a month, roughly $2m TVL. But, of course, that will change as more size is provided.

SBF

@SBF_FTX

Oct 27, 2020

9) And -- if any other project wants to drop yield on Swap, the more the merrier! You can add any ERC20 token -- use sollet.io to create an SPL wrapper, and then add the pool for it at swap.projectserum.com. Host a GUI for a DIY AMM + yield farm that's fast!

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chloe.near (she/her/they)

Replying to

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So when audit? Seems rash to have such a large promotion on a Dapp that isn't audited (publicly stated). And as a leader in the space, shouldn't you be pushing for MORE security within these already risky investments? If anything couldn't 10% of the prize pool be used for audit?