Built on the Solana blockchain, Serum offers a different approach in the DeFi world with its fully on-chain Central Limit Order Book (CLOB) architecture. Targeting both individual and institutional users, this structure aims to combine speed and cost advantages without compromising decentralization.

What Does Serum (SRM) Aim For?

Serum is a permissionless decentralized exchange protocol and ecosystem operating on the Solana blockchain. Its primary goal is to provide DeFi applications with high speed, low transaction costs, and advanced market structures. At the heart of Serum is a fully on-chain central limit order book and matching engine.

This structure sets Serum apart from many DEXs based on the automated market maker (AMM) model. Instead of liquidity pools, it brings the classic exchange model—where buy and sell orders are matched based on price-time priority—onto the chain. Users can determine the price, quantity, and direction of their trades themselves.

Serum’s Origin Purpose and History

With the popularization of DeFi, DEXs on Ethereum grew rapidly. However, issues such as high gas fees, slow transaction confirmations, liquidity fragmentation, and capital inefficiency made scaling the ecosystem difficult. Serum was developed to solve these problems.

The project was launched on August 31, 2020, and became one of the first major open-source DeFi projects developed on Solana. Serum’s development and growth are supported by the Serum Foundation. The project was shaped with contributions from a consortium experienced in cryptocurrency trading and DeFi.

How Does Serum Work?

Serum’s technical architecture offers a rare structure in the decentralized finance world. The platform’s core components are as follows:

On-Chain Central Limit Order Book

Serum’s most distinctive feature is its fully on-chain central limit order book. In this system, all buy and sell orders are recorded on the Solana blockchain, and matching is performed through smart contracts.

Price-Time Priority

Orders are matched based on price and time priority, just like in traditional financial markets. This approach creates a fairer and more transparent market structure.

Asset-Agnostic Structure

Serum’s order book is designed to support nearly any financial product based on Solana. It offers a wide range of uses, from spot trading to derivatives, lending protocols, and various financial instruments.

Serum as an Alternative to the AMM Model

The AMM model, widely used in the DeFi world, relies on liquidity pools. While this structure is simple and accessible, it can create disadvantages such as slippage in large trades and capital inefficiency.

Serum, as an alternative to this model, combines the order book system from traditional exchanges with a decentralized structure. This enables:

• More precise pricing
• Large trades to be executed at lower costs
• A familiar trading experience for institutional traders

Advantages Provided by Solana Infrastructure

Serum’s operation on Solana is one of the most important factors directly affecting the platform’s performance. Solana stands out with its ability to process tens of thousands of transactions per second and very low transaction fees.

• Transaction times are at the millisecond level
• Average transaction costs are extremely low
• Complex structures like on-chain order books become possible

Thanks to this infrastructure, Serum aims to offer speed and user experience close to centralized exchanges.

Serum Ecosystem and Components

Serum positions itself as a central liquidity layer that many different applications can connect to, rather than a single application. Any application connected to Serum’s order book infrastructure can share existing liquidity.

This structure allows:

• Different dApps to place orders in the same market
• An order placed in one application to match with an order in another
• Liquidity to be pooled in one place, preventing fragmentation

Retail traders, algorithmic traders, and developers can benefit from this shared liquidity pool offered by Serum.

What is Serum Token (SRM)?

SRM is the utility and governance token of the Serum ecosystem. It provides various advantages in transactions on the platform and plays a central role in the ecosystem’s long-term sustainability.

SRM operates as an SPL token on Solana and also has an ERC-20 version on Ethereum, enabling cross-chain usage.

Use Cases of SRM Token

The main use cases of the SRM token are as follows:

Transaction Fees

When SRM is used in transactions on Serum, users can receive discounts on transaction fees.

Governance

SRM provides participation in governance processes within the Serum ecosystem. The community can vote on decisions regarding the platform’s future.

Buy & Burn Mechanism

All transaction fees earned on Serum return to SRM. These revenues can be used for token buybacks and burns, staking rewards, or ecosystem incentives.

What is MegaSerum (MSRM)?

In addition to SRM in the Serum ecosystem, there is a second token called MegaSerum (MSRM). MSRM is created by locking 1,000,000 SRM.

• Total MSRM supply is limited
• MSRM holders benefit from higher advantages compared to SRM
• Node operators wishing to contribute to network security must hold MSRM

This structure is designed as a mechanism to incentivize long-term participants.

Serum (SRM) Tokenomics

Only 10% of the SRM token supply is initially unlocked. The remaining 90% is released according to a specific vesting schedule.

• Tokens are locked for the first year
• Then unlocked linearly over approximately 6 years
• Seed sales were conducted entirely locked

This distribution model aims to prevent sudden supply shocks and ensure long-term stability.

Serum’s Vision

Serum’s long-term goal is to accelerate the global adoption of decentralized finance. This vision encompasses building a DeFi infrastructure capable of reaching billions of users and trillions of dollars in on-chain value.

Principles of speed, usability, interoperability, and true decentralization form the foundation of this vision.

Serum’s Key Strengths

• Fully on-chain operating order book
• High speed and low transaction costs
• Composable structure that pools liquidity in one center
• Open and modular infrastructure for developers
• Design that does not compromise decentralization

Serum (SRM) Investors

Serum is among the projects that have attracted attention from prominent institutional investors in both the cryptocurrency ecosystem and the traditional finance world. The project has raised approximately $75.66 million to date, demonstrating confidence in its long-term vision, technical infrastructure, and strategic position in the Solana-based DeFi ecosystem. These investors played a significant role in Serum’s early growth and ecosystem development.

Prominent Investors:

• Multicoin Capital (Tier 1)
• Tiger Global Management (Tier 2)
• Jump Trading (Tier 2)
• Commonwealth Asset Management (Tier 4)
• Tagus Capital (Tier 5)

Serum (SRM) Team

Serum is an open-source project developed with the joint contributions of many industry leaders operating in cryptocurrency, trading, and decentralized finance. Instead of a traditional centralized company structure, a consortium model based on knowledge sharing, open innovation, and ecosystem-focused growth has been adopted.

The protocol’s development and sustainability are managed by the Serum Foundation, supported by professionals with extensive experience in crypto markets, financial infrastructure, and decentralized systems. This structure aims to ensure Serum’s long-term technical development and ecosystem coordination.

Core Contributors and Supporting Organizations:

• FTX
• Alameda Research
• Solana Foundation
• Serum Foundation

Official Links

• Website
• X (Twitter)
• Whitepaper

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post What is Serum (SRM)? appeared first on Coin Engineer.

What is Odos (ODOS)?

Odos is a multi-chain DeFi infrastructure designed for both individual and institutional users, aiming to provide the best price, the lowest slippage, and the most efficient transaction routing.

In DeFi, liquidity is typically fragmented. Even on a single chain, the same token can exist in dozens of different liquidity pools. This situation results in transactions from a single pool almost never being optimal.

Odos’s core approach is to aggregate this fragmented liquidity structure under a single smart framework, executing transactions through routes involving multiple pools, multiple tokens, and multiple steps in the most efficient way. The system also factors in gas costs to deliver the highest net output to the user.

Smart Order Router (SOR) and Advanced Optimization

At the heart of Odos lies its Smart Order Router (SOR), built on an advanced algorithm capable of analyzing millions of possible transaction routes. Instead of being limited to a single DEX or pool, this system aggregates liquidity from:

• Multiple DEXs and AMMs
• On-chain order books
• Lending protocols
• Private RFQ (Request for Quote) systems

This structure allows Odos to split transactions across different pools, thereby minimizing price impact. For users, this means better rates and lower slippage.

Patented AMM Pathfinding Algorithm

One of Odos’s differentiating features is its patented automated market maker (AMM) pathfinding algorithm. This algorithm analyzes over 500 liquidity sources to determine the most efficient transaction path.

The system does not focus solely on direct token pairs; when necessary, it routes through intermediate tokens to offer more advantageous prices. This approach provides significant advantages, especially in large-volume trades and low-liquidity tokens.

Multi-Token and Atomic Swap Structure

One of Odos’s most innovative solutions is its multi-token atomic swap feature. This allows:

• Multiple tokens to be swapped within the same transaction
• An entire portfolio to be rebalanced in a single transaction
• DAO and protocol treasuries to be managed with fewer transactions

Thanks to the atomic structure, the transaction either fully executes or does not execute at all. This minimizes operational risks while significantly reducing gas costs.

Institutional Usage and DAO-Focused Solutions

Odos caters not only to individual traders but also to DAOs, on-chain treasuries, and professional trading desks.

Especially for DAOs, Odos provides:

• Asset consolidation
• Portfolio rebalancing
• Multi-token liquidation

by optimizing these processes under a single transaction, offering significant operational convenience.

Odos API Ecosystem for Developers

Odos offers an easy-to-integrate API infrastructure for DeFi protocols and Web3 applications. Through these APIs:

• Wallets can add native swap functionality
• DEX interfaces can expand their own pools via Odos routing
• Meta-aggregators can compare different routing engines

Additionally, the free API tier enables user-focused platforms to quickly integrate Odos infrastructure.

Advanced Pricing and Data Tools

Odos provides comprehensive solutions not only for swaps but also for DeFi-native pricing. The system supports:

• Block-level price data
• Cross-chain price pairings
• Long-tail asset prices

providing detailed datasets. Reliable pricing is available even for low-liquidity or lesser-known tokens.

Supported Chains and Scalability

Odos is built on a multi-chain architecture and actively operates on EVM-compatible networks. The system currently calculates millions of routes across many networks, including Ethereum, Arbitrum, Polygon, Optimism, Base, Avalanche, BNB Chain, zkSync, and Fantom.

This structure demonstrates that Odos is compatible with both today’s and future DeFi expansion.

Gas Optimization and Efficiency

The Odos team optimizes transaction efficiency not only through pricing but also through gas costs. The smart routing system deducts gas costs from the transaction output to maximize net benefit for the user.

This approach enables Odos to offer more advantageous rates compared to competitors, especially during periods of high network congestion.

Security, Transparency, and Institutional Standards

Odos is a SOC 2 Type II compliant company. The platform:

• Does not engage in preferential routing
• Does not apply over-quoting
• Offers transparent and verifiable transaction structures

This approach makes Odos a reliable infrastructure for both individual users and institutional actors.

Odos Investors and Strategic Backers

Odos stands out in the DeFi ecosystem not only with its technical infrastructure and product diversity but also with its investor profile. The project has strengthened its long-term growth vision by receiving support from both Web3-native funds and leading institutional players in the sector.

• Uniswap Labs Ventures
• Mantle
• Orbs
• Curved Ventures
• CE Innovation Capital

ODOS Tokenomics

The ODOS token is structured for ecosystem incentives, DAO operations, and long-term sustainability. The token distribution offers a balanced structure:

• Ecosystem incentives: 25%
• Core contributors: 20.43%
• Treasury: 14%
• Airdrop: 11%
• Team and private sale investors: remaining distribution

This structure is designed to support both early contributors and long-term ecosystem development.

Vesting:

Odos Team

Odos was founded by the Semiotic Labs team. Semiotic Labs is a research center operating at the intersection of artificial intelligence, cryptography, and blockchain, and one of the core developers of The Graph protocol.

The team possesses deep technical expertise in advanced topics such as autonomous decision-making systems, zk-SNARKs, and on-chain data optimization.

The founding team includes:

• Ahmet Özcan (Co-Founder and CEO)
• Matt Deible (Co-Founder and Head of Research)
• Nuria Gutiérrez Prunera (Head of DAO Operations and Governance)

Official Links

• Website
• X (Twitter)
• Whitepaper

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post What is Odos (ODOS)? appeared first on Coin Engineer.

The platform serves as the liquidity hub within the Optimism ecosystem, providing liquidity providers with flexible trading and high efficiency. By locking VELO tokens, users receive veVELO NFTs, enabling them to vote on liquidity incentives and contribute to platform growth. It is a DeFi-focused AMM built on Web3 infrastructure with an NFT-based governance system. 

Team 

Velodrome Finance is managed by an anonymous team. Limited public information is available about the founders, though Alexander Cutler is a notable contributor. The project gained support from various communities and protocols at launch, with its strategic positioning on the Optimism network enhancing its ecosystem importance. 

Investors & Supporters 

Optimism Foundation: Largest strategic supporter, locking 35 million veVELO tokens to strengthen liquidity infrastructure. Provides multiple grants for open-source tool development and ecosystem growth. 

• Strategic Partnerships 

Frax Finance: Launch partner, early listing of $FRAX and $FXS pairs on Velodrome. 

Revest Finance (Resonate): Collaboration since September 2022, enabling LP positions tokenization as FNFTs and yield futures integration. 

Inverse Finance DAO: Deepened liquidity on Velodrome via “Velo Fed” and gained voting power with veVELO locking. 

• Protocol Partnerships 

Velodrome collaborates with numerous DeFi protocols within the Optimism ecosystem to provide capital-efficient liquidity and reinforce its role as the primary liquidity center. 

Project Concept 

Velodrome introduces innovative approaches to liquidity pools and swap mechanisms in DeFi. Combining the strengths of Curve, Convex, and Uniswap, it aims to offer users efficient token swaps and high-yield liquidity provision. 

How It Works 

Velodrome is based on two main tokens: VELO and veVELO. 

1. Liquidity Pools: Users provide liquidity by depositing tokens into pools, earning transaction fees and VELO emissions. 
2. veVELO (Governance Token): Obtained by locking VELO tokens, veVELO NFTs give holders voting rights on which pools receive more token emissions, directing liquidity where it’s most needed. 
3. Transaction Routing: Utilizes Optimism Layer-2’s low fees and high speeds for fast and economical user experience. 

Roadmap & Key Milestones 

• Launch (June 2022): Velodrome Finance officially launched on June 2, 2022. 
• Security Audits (2023): Underwent comprehensive audits by Spearbit in February and May 2023. 
• Velodrome V2 (June 2023): Released on June 22, 2023, adding concentrated liquidity, dynamic fees, and emission rates to enhance efficiency and user experience. 
• Upcoming 2025 Features: SoFinQ Trading Competition, Transact Cloud Integration, Profit Sharing, Tron Chain & Wallet Integration, B2B Crypto Partnership, Airline Industry Integration, New PayFi powered by AI. 
• Future Projects: AI Agent, PLG Token Listing, Yield Stable Coin Support, XRPL & Solana Chain Integration, Multi-Chain Wallet, Redesigned Web App, Trader Network Expansion, PayFai Infrastructure Expansion. 

What is the VELO Token? 

VELO is the native utility token of Velodrome Finance, operating on the Optimism network. It plays a vital role in liquidity mining, governance, and incentive mechanisms within the DeFi ecosystem. 

• Liquidity Mining: Users earn VELO rewards by providing liquidity to pools. 
• Governance: VELO holders can lock tokens to obtain veVELO governance NFTs, enabling participation in key protocol decisions. 
• Incentives & Ecosystem Support: VELO tokens are used to boost pool efficiency and fund grants for developers and partners. 

Token Details 

• Network: Optimism (Layer 2 Ethereum solution) 
• Total Supply: 2.17 billion (may be inflationary) 
• Circulating Supply: Approx. 915 million (variable) 
• Uses: Liquidity rewards, governance voting, protocol incentives 

Token Distribution (Total Supply: 400M VELO) 

• Community – 240M (60%) 
• $WEVE holders: 108M (27%) 
• Optimism users: 72M (18%) 
• Cross-chain DeFi users (Curve, Convex, Treasure DAO, Platypus, Redacted Cartel, Eminence Finance): 60M (15%) 
• Partner Protocols – 96M (24%) distributed via grants and partnerships to 10–15 strategic protocols 
• Velodrome Foundation – 40M (10%) fully locked as veVELO, earning 3% of emissions 
• Optimism – 20M (5%) locked as veVELO, given for ecosystem support 
• Genesis Liquidity Pools – 4M (1%) initially allocated to VELO–USDC pool at launch 

Ecosystem 

• Next-gen AMM combining Curve, Convex, and Uniswap strengths 
• Focused on Optimism network as primary liquidity hub 
• Incentives for liquidity providers (LPs) with VELO rewards 
• Community-driven governance via veVELO NFTs 
• Capital-efficient liquidity distribution to foster ecosystem growth 

Official Links

• Website 
• Twitter
• Medium 
• Discord 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is Velodrome Finance (VELO)? DeFi and NFT Governance appeared first on Coin Engineer.

What is Dymension?

Dymension is a groundbreaking digital infrastructure in the cryptocurrency world, offering a unique version of the internet that provides a secure, interactive, and liquid environment. The Dymension platform is specifically designed for specialized applications called RollApps. These are typically small programs tailored to perform specific functions.

Dymension can be likened to digital “land,” where RollApps securely reside and operate. The platform acts as a digital “bridge” that facilitates seamless communication between these applications and the broader crypto economy. This means that each application can operate independently while still interacting with other applications and services.

To ensure platform security, Dymension utilizes its native cryptocurrency, DYM. Security in this system is maintained by validators, who are responsible for safeguarding the platform and verifying transactions. These validators stake DYM tokens, locking them as collateral to ensure the smooth operation of the system.

One of the platform’s standout features is its built-in Automated Market Maker (AMM). This mechanism allows RollApps to share liquidity (i.e., the ease of buying and selling assets) among themselves and with the broader crypto economy. This feature enhances the efficiency of asset transfers and transactions between different applications.

In summary, Dymension is an innovative platform in the crypto and blockchain technology space that enables applications to connect more securely, interactively, and liquidly with each other and the broader economy. This platform makes blockchain technology more accessible and user-friendly for both beginners and experienced users.

What is DYM Coin?

DYM Coin is the native cryptocurrency of the Dymension ecosystem and plays a crucial role in ensuring the platform’s security.

DYM tokens are used within the DPoS (Delegated Proof of Stake) mechanism to select and reward validators, which helps maintain the network’s security and stability.

What is DYM Coin Used For?

DYM Coin serves several functions within the Dymension ecosystem. Primarily, it is staked by validators as part of the network’s security. Additionally, it is used to pay transaction fees within the platform, participate in governance voting, and facilitate trading within the ecosystem through the built-in Automated Market Maker (AMM), which simplifies liquidity and asset transfers between RollApps.

How to Buy DYM Coin

DYM Coin can be safely traded on Binance, the world’s largest cryptocurrency exchange by trading volume.

To purchase DYM Coin, you must first sign up for an account on Binance. After completing the registration, you’ll need to transfer cryptocurrency or fiat currency, such as Turkish Lira, to your Binance wallet. Once the transfer is complete, you can buy DYM Coin using any of the available pairs.

To make a purchase through the DYM/USDT trading pair on Binance, navigate to the pair’s trading interface. In the “Limit” tab, enter the amount you wish to buy and complete the transaction by placing a “Buy DYM” order.

By following these steps, you can safely acquire DYM Coin on Binance, one of the most trusted cryptocurrency exchanges globally.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is DYM Coin? Dymension (DYM) Project appeared first on Coin Engineer.

You might like it: What are BRC-20 Tokens?

Those who contribute to them, known as liquidity providers (LPs), add tokens of equal value to the pool. In return for their support, LPs earn fees based on the transactions carried out within the pool. The more liquidity they provide, the higher their potential earnings.

Automated market makers make it easy for anyone to participate in liquidity provision. When you want to buy an asset from liquidity providers, there isn’t a traditional seller involved. Instead, an algorithm manages the transactions and sets the price based on the activities taking place within the pool. Automated market makers ensure that you can trade against the liquidity within the pool, eliminating the need for a specific counterparty.

As long as there is enough liquidity available, you can complete your transaction smoothly.

On the Binance Smart Chain (BSC), you’ll find similar exchanges like PancakeSwap, BakerySwap, and BurgerSwap, all of which utilize BEP-20 tokens. These platforms provide opportunities for liquidity provision and trading.

In the Ethereum ecosystem, popular exchanges that utilize liquidity pools include SushiSwap, Curve, and Balancer. The liquidity pools on these platforms mainly consist of ERC-20 tokens.

Liquidity pools are a crucial technology powering the current DeFi landscape. They facilitate decentralized trading, lending, and the generation of returns, among other functionalities. Smart contracts associated with liquidity pools form the backbone of numerous DeFi applications and services.

You can present your own thoughts as comments about the topic. Moreover, you can follow us on Telegram and YouTube channels for this kind of news.

The post How Do Liquidity Pools Work? appeared first on Coin Engineer.