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Serum (SRM) Backs Community Hard Fork Plans After FTX Collapse

Serum (SRM) – the Solana-based DEX protocol launched in part by FTX – is seeking a fresh restart after FTX’s fallout left the project’s security permanently compromised. 

The new project – called Openbook – will be community-led, and may or may possibly discard the SRM token entirely. 

The new Openbook project has already amassed $1 million in daily trading volume. It includes pools for SOL/USDC, USDT/USDC, MSOL/USDC, and wheETH/USDC, while continuing to provide fee discounts for SRM holders. 

(by Andrew Throuvalas)

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