Raydium SRM Grant Proposal

@AlphaRay

Can you give the community an update on your LM program. the one that slipped through, with close to 0 visibility while we were all getting a cold in Lisbon

How many SRM have you emitted so far?
Do you have any metrics on how successful you think it has been at growing CLAAOB activity?
Anything else to say?
Is it possible for us to see the activity on chain?

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@alpharay would really appreciate some insight

For sure!

We’ve emitted about 1.4m tokens so far across 11 pools. 10 of these markets did not exist or had neglibible volume before the start of our program.

In total, these markets have contributed about $150,000,000 in volume to Serum over this period of time and will continue providing value as the number of trading pairs on Serum increase.

This chart (data from coingecko) shows Serum’s volume over time with the blue line being daily volume and orange being 7 day average volume. Its pretty straightforward to see the growth in Serum’s daily trading volume since the beginning of the program as well as volume contributed to serum through our IDOs and NFT drops.

The tokens were recieved by Raydium in this address: Solscan
Each transfer can be tracked to the corresponding farm.

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Really appreciate it, thankyou

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@AlphaRay

Can you give the community another update on your LM program?

How many SRM have you emitted so far, can you show us where on chain to see the disbursements going?
Do you have any metrics on how successful you think it has been at growing CLAAOB activity?
Anything else to say?

1 Like

Paging @AlphaRay , paging Dr Ray

@AlphaRay Mc Fly? Are you there McFly?