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Project Serum allocates $100M to liquidity mining -Breaking

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Project Serum is a network-based decentralized derivatives exchange that launched its $100 million liquidity mining program. This was part of an overall effort to bring users into the ecosystem.

The initial allocation was approved by Serum’s decentralized autonomous organization, or DAO, the project AnnouncementThursday The sum, paid out in Serum’s native SRM token, will be used as a reward mechanism for automated market makers that work directly with Serum’s on-chain order book.

In U.S. dollars terms, serum TVL prices have risen dramatically in the last month. Source: defillama