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Review of Solana & SERUM in Shanghai

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A great review of the Solana & Serum event.

Title: A Review of Solana & Serum in Shanghai

Original source: Daily Planet

March 20th 19:30, by high performance public chain & NBSP; Solana Its Ecological Protocol & NBSP; Serum The "Defiant &NBSP;Night" series of city activities was successfully held in Shanghai. This event is for Solana & AMP; The first leg of SERUM's city tour, SERUM will be presented in Chengdu, Beijing, Hangzhou, Shenzhen and other cities in the coming months.

The theme of Defi Night was "Exploring Defi's Infinite Possibility", which centered on the recent outbreak of the DEFI project by Solana and Serum Ecology. At the same time, the event also invited guests from & NBSP; AVE, ChainLink, MulticoinCapital, Raydium, SERUM, The Graph, and other leading project representatives, as well as well-known investment institutions, active communities, wallets, technology providers, third-party service providers, media and other industry elites. Representatives from various fields gathered in Shanghai to talk about the infinite charm and huge space of DEFI and look forward to the prospect and future of blockchain technology development.

Chris, head of Solana Asia Pacific, kicked off the event with a presentation. He first introduced the basic information about Solana, including the team background, three core strengths (scalable, low cost, composable), and the "historical proof" of the core innovation technology. Solana's high performance allows it to host millions of user applications like maps.me and Kin, as well as support multiple scenarios such as massively multiplayer virtual world games (Star Atlas).

In addition, Solana recently launched several DEFI programs, including Raydium, Orca, Oxygen&NBSP; And so on. In the just-concluded hackers loosely, decentralized margin trading, American option agreement, synthetic debt, synthetic protocol, P2P asset management and trading assets, tax tools, voting multiple DeFi agreement so as to obtain the total reward of 200000 dollars, this also means that the Solana DeFi infrastructure in further perfect, enrich the various project, the future build lego type DeFi blocks will be more convenient and quick.

Then Larry, the representative of Raydium in China, will deliver a speech. Raydium is a Solana-based, integrated Serum &NBSP; DEX Order flow and liquidity of the AMM. Larry reiterated the convenience of Solana's high performance: "At the moment, Ethereum's Defi products are facing high fees and scattered liquidity, and Solana has a huge advantage. The whole process is a matter of seconds." At the same time, he added Raydium recent development situation and future development planning, "now the amount of total assets lockups Raydium (TVL) has more than $150 million, we have nearly 6000 users a day, volume of tens of millions of dollars. We the development of the next step is to add more LP pool, more access to the project and to provide liquidity for them, and users get RAY tokens awards in the process."

The third speaker at the event was Leslie, head of AAVE China. He revealed that the latest number of AAVE users is around 60,000, and the increase in the last 30 days is about 4,000 to 5,000. It made around $2 million in the past week. At the same time, Leslie pointed out that AVE has a lot of users of traditional financial institutions and banks, so that they can seamlessly access Defi, so AVE is the most broken application. "No matter a user has dollars, euros or pounds, he can directly borrow through the application of AVE to earn more annual income than the traditional cannot get."

This was followed by an intermission and a raffle, which was hosted by Li Yan, FTX's director of operations, who asked the audience a few simple questions about Solana. Those who answered correctly were awarded a beautiful pair of Apple headphones. There was a warm atmosphere in the scene, and the guests were rewarded while learning to consolidate their knowledge of Solana, which directly ignited the enthusiasm of the guests.

After the lucky draw, Li Yan was very impressed. Exchange are introduced, "it's very fast growth, at the same time, we have several big core advantages, such as level exchange FTX trading threshold, the lowest minimum poundage, and has been no mention money handling charge (for Erc20 assets increased a little recently threshold). Additional FTX & have spent IEO project quality has been very high quality, and brings good returns for the user. As a few days before the opening of Oxygen of up to 90 times, there are more than 30 times", He thinks the FTX is a fair, impartial and credible exchange, and that its assets have never been in question.

This was followed by a roundtable discussion exploring The infinite possibilities of DEFI, with Multicoin Capital partner Mabel as The moderator, and representatives from Solana, Aave, The Graph, and Chainlink as guests. At the roundtable, several guests gave a brief introduction of their projects, their roles in DEFI, and reviewed the achievements of each project in 2020, their plans for 2021, and the pain points and solutions that have enabled the current popular DEFI to reach over one billion users worldwide.

The final presentation came from a remote video presentation by SERUM Consultant SBF, who stated: Using Serum application core driving force, the basis of many projects can flow with DEX, debit/credit agreement, service, etc, no need to build from scratch, "he said Serum has always been committed to construct the key drivers of all basic application, do that to make many real huge user oriented projects to build on it. Many projects can take advantage of this advantage, With DEX, debit/credit protocols, streaming services, unified UI, blockchain infrastructure, AMM benefits, and many others, any application can automatically use and profit from these same protocols without having to start from scratch, just embed DEX directly into it."

He also expects to see basic social media technologies based on SERUM within the next six months, so that you can encrypt chat messages, group messages, public posts and other messages and run them all on the chain. Then sites like Twitter and Facebook can encrypt them in a completely customizable, open and undetectable way, allowing users to choose their own privacy Settings.

The event ended with Chris's closing speech, and the guests had a pleasant conversation with a glass of wine. So far, Solana & AMP; SERUM Shanghai came to a successful conclusion. This event centered around Solana & AMP; The recent significant development of SERUM at DEFI provides an opportunity for industry practitioners and enthusiasts to communicate with each other in a relaxed atmosphere about the current developments and trends in the blockchain industry. In the coming months, the series of events will be held in Chengdu, Beijing, Hangzhou, Shenzhen and other cities, so stay tuned!