Geek Culture
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Geek Culture

Can Serum (SRM) make money from Decentralized Exchanges? — Market Mad House

Serum (SRM) is both a cryptocurrency, and a decentralized exchange (DEX). Serum itself is a DEX they built on the Solana (SOL) blockchain.

The hope for Serum is to lower trading costs by using a blockchain DEX. For example, the developers claim Serum can lower trading fees by 60%. Serum tries to reduce expenses by giving 80% of fees to Serum Token (SRM) buy and burns.

The other 20% of the DEX fees to SRM stakers to pay them to maintain the blockchain. The stakers are people who…

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Daniel G. Jennings

Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.