Mercurial Finance (MER) announces a strategic partnership with Serum (SRM) to improve the utility and raise liquidity of crypto assets on Solana. This partnership marks an crucial milestone, as it is the initially integration of the protocol on the Solana blockchain.
Dex serum integrated with Mercurial
On August 18, Mercurial Finance’s official Twitter web page announced a strategic partnership with Serum, the initially decentralized purchase exchange on Solana.
We are thrilled to announce a strategic partnership with @ProjectSerum, the place we will perform collectively on vital liquidity tasks!
To get started off, we made Solana’s initially on-chain multi-protocol aggregator, connecting Mercurial and Serum in 1 seamless exchange
https://t.co/ftPrmjohaL pic.twitter.com/RSqZ16H90Q – Mercurial Fi (@MercurialFi) August 18, 2021
Currently, Serum is 1 of the greatest sources of liquidity on Solana. Furthermore, Serem also supports a substantial amount of pairs with deep calculations for lots of of them. Therefore, the integration with Serem will assist Mercurial Finance’s liquidity pool develop into far more diversified and deep. Also, appreciate lots of added benefits from the liquidity pool of other decentralized exchanges (dex).
“Many other Solana dexes also share liquidity with the Serum Dex, aka Raydium, so integrating with the Serum will also assist us get liquidity from the other dexes.
At Mercurial, we have the highest liquidity pool and lowest slippage of all stablecoins on Solana, generating it a organic preference for integrating with Serum! ” – excerpt shared by Mercurial on the web site
Furthermore, this integration also assures that swap transactions stay seamless, very simple and transparent. All information and facts necessary in an exchange command is obviously displayed as:
- Estimated exchange fee
- Trade route
- Minimum sum obtained
- Mercurial LP tariff
- Fee for LP of Serum
Currently, customers can seamlessly trade from any key stablecoin token (PAI, UST, USDC) to Serum with a USDC denomination base.
Is this Solana’s summer time?
This week, the Solana blockchain and ecosystem obtained a good deal of neighborhood consideration. Above all, the value of SOL expert magnificent development and reached ATH at 80.five on August 17th. This aided SOL dispel all doubts when it was beneath offering strain and dropped to $ 19 in May of this 12 months.
See far more: Is Solana (SOL) sporting a shirt that is as well large?
In addition to SOL, other crucial tokens in the ecosystem this kind of as Serum (SRM), Raydium (RAY), Audius (AUDIO) … also “accelerated” and substantially elevated. In addition, the Audius venture has also reached a cooperation agreement with the Tiktok platform to build a new audio encounter for customers.
In the encounter of a good deal of optimistic information and very good value signals, lots of in the crypto neighborhood have in contrast this year’s “crypto summer” to “sunny summer”. Now, the skepticism for SOL and the Solana ecosystem has been just about crushed.
However, to have an goal standpoint and greater realize the probable of SOL, we invite you to go through some of the following analyzes of Coinlive:
- Dogecoin “coming to business”, has Solana Summer arrived?
- DeFi Discussions ep.one: What’s so irritating about G? (aspect one)
- DeFi Discussions ep.two: What’s so irritating about G? (aspect two)
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Post Serum (SRM) integrated with Mercurial Finance (MER) – Is Solana’s Summer Here? initially appeared on Coinlive.