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.
Serum’s New Beginning
In a Twitter thread on Tuesday, Serum explained that the collapse of FTX and Alameda has left its program effectively “defunct.”
“As upgrade authority is held by FTX, security is in jeopardy, leading to protocols like Jupiter and Raydium moving away from Serum,” the team wrote. Jupiter, a DEX aggregator on Solana, informed users on November 12th that SRM would be disabled as a liquidity source.In addition, Binance disabled a series of trading pairs last week which affected tokens including SRM.
Jupiter added that it would support an upcoming ecosystem fork, which Serum itself has now acknowledged. Leading the movement is Mango Markets co-founder Max Schn
We współpracy z: https://cryptopotato.com/serum-srm-backs-community-hard-fork-plans-after-ftx-collapse/
