Conversation

SBF

@SBF_FTX

·

Oct 27, 2020

1) The first AMMs are live on

@ProjectSerum

! 1,000,000 SRM yield this month! http://swap.projectserum.com

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SBF

@SBF_FTX

·

Oct 27, 2020

2) NOT INVESTMENT ADVICE http://swap.projectserum.com isn't audited. Use at your own risk.

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SBF

@SBF_FTX

·

Oct 27, 2020

3) You can create AMM pools for any pair of SPL tokens; trade against the pools; add liquidity; etc. 1 second settlement, $0.00002 gas!

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SBF

@SBF_FTX

·

Oct 27, 2020

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.

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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

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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: https://serum-academy.com/en/serum-swap/

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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.

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SBF

@SBF_FTX

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.

2:13 PM · Oct 27, 2020·Twitter Web App

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SBF

@SBF_FTX

·

Oct 27, 2020

Replying to

@SBF_FTX

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

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