Review on Serum DEX by erdi yılmaz
Serum DEX
Serum, a DeFi project, is a decentralized cryptocurrency exchange (DEX) built on the Solana network.
The most important difference from the decentralized crypto money exchanges before it is that it has a professional order book. This feature makes Serum the first decentralized derivatives exchange in the crypto money world.
By creating limit orders on the Serum exchange, users can quickly sell their assets at their desired price. Transactions are fully automated and decentralized.
Many DeFi projects are decentralized but use centralized oracle. In serum, there is no central application by any means.
In addition, thanks to its cross-chain feature, Serum can serve not only in the Solana network, but also in the Ethereum network.
However, transactions on the Serum exchange are carried out with the Trustless procedure. In this way, since the users do not need other users to perform their transactions, a completely safe environment is provided.
Pros
- Thanks to the limit order book, users can set their own sales prices on a decentralized exchange for the first time.
- There is no centralized application in the serum exchange
- No need for 3rd parties to confirm transactions
- Thanks to its cross-chain feature, it can serve for ethereum as well as fading.
- Users are rewarded with various events
Cons
- everything looks good
