Exploring the Solana Ecosystem
By Treyce Dahlem
May 24, 2021
- Sha256 loops as fast as possible, such that each output is the next input
- Loop gets sampled and the number of iterations and state are recorded
- Any message that reference any of the samples are guaranteed to have been created after the sample
- Messages can be inserted into the loop and hashed together with the state, guaranteeing that a message was created before the next insert.
- Staking
- Transaction fees
- Governance
- Community 38.89%
- Seed Sale 16.23%
- Founding Sale 12.92%
- Team 12.79%
- Foundation 10.46%
- Validator Sale 5.18%
- Strategic Sale 1.88%
- CoinList Auction Sale 1.64%
- SRM Token
- SRM FAQ
- Both SPL and ERC20 Versions
- Listed on Major Exchanges
- On-Chain DEX on Serum
- List of DEXes
- Fully On-Chain
- Fast: ~1 Second Settlements
- Cheap: ~$0.00002 Gas
- Solana Cross-Chain Bridge: https://www.sollet.io/
- Active Wallet Ecosystem: https://serum-academy.com/en/wallet-support/
- Pools: https://projectserum.com/developer-resources
- Create Your Own Markets: https://serum-academy.com/en/add-market/
- Active GUI Ecosystem: https://serum-academy.com/en/serum-project-ideas/
- Grants for Projects: https://serum-academy.com/en/serum-project-ideas/
- Borrow/Lending
- Yield
- More Cross-Chain Bridges
- Projects Building on Serum
- AMMs
- Margin Trading/Contracts
- Tokens and Exchanges Natively Supporting SPL
- Volume and TVL Growth
- Ecosystem Incentive Fund: 27%
- Partner and Collaborator Fund: 27%
- Project Contributors: 22%
- Team and Advisors: 20%
- Locked Seed and Auction Purchasers: 4%
- Ideation and project scope
- Development of the protocol and iteration on testnet
- Development of liquidity pools and staking completed, mainnet launched
- Website and platform launch
- Development of cross-chain swap
- Research on additional market making models and features in partnership with other protocols
- Leverage of external oracles for improved market making
- Governance model ideation in collaboration with partners
- Liquidity Mining 34%
- Partnerships and Ecosystem 30%
- Team 20%
- Liquidity 8%
- Community & Seed Funding 6%
- Advisors 2%
- Integrate Sollet Wallet - Allow User login via Solana Wallet
- Integrate Automated Twitter Verification - Enable Solana Wallet <-> Twitter Connection
- Implement Top 100 COPE Index - Onboard top 100 call makers from 10000s. Update and maintain this regularly
- Implement the COPE Token - Mint COPE on Solana Blockchain and implement necessary distribution processes
- Implement the COPE / SOL Pool - Allow users to buy COPE with SOL
- Implement COPE staking - Allow COPE staking for LP token issuance and ownership for report unlocks and disputation process
- Implement COPE distribution processes - Build COPE distribution processes for Report Unlocking and COPE emission events for users participating in the COPE INDEX
- Implement Call Disputation Process - Implement 30 minute time window Call Disputation Process via direct COPE staking
- Implement COPE Governance - Implement COPE Governance for Pool Creation and Autonomous Bonding Curve Distribution
- First weeks of March
- Enforces strict borrow limits for every account
- Liquidator and solana program remain closed source
- 3rd party liquidators begin implementing their strategies
- Began in March 2021 and continues to run
- Borrow limits will be replaced with the introduction of partial liquidations
- Margin trading interface largely improved based on feedback during alpha phase
- Additional trading pairs will be released
- Step-wise open source releases as independent reviews are finishing
- Begins early June 2021 and runs for a few weeks
- Market makers can integrate and test
- Sale of tokens that go directly into insurance fund
- introduces governance token
- Formal on-chain governance mechanism
- Website and forums for participation in governance
- Further proposals to reward contributors
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