{"id":27215,"date":"2020-08-13T14:05:33","date_gmt":"2020-08-13T11:05:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27215"},"modified":"2025-08-26T19:25:39","modified_gmt":"2025-08-26T16:25:39","slug":"ftx-launches-srm-staking-on-serum-the-solana-based-non-custodial-exchange","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ftx-launches-srm-staking-on-serum-the-solana-based-non-custodial-exchange\/","title":{"rendered":"FTX launches SRM staking on Serum, the Solana-based non-custodial exchange"},"content":{"rendered":"<p>The cryptocurrency derivatives exchange FTX announced the launch of staking for Serum (SRM) tokens issued by the Solana-based non-custodial exchange of the same name.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Reminder that SRM staking is live at <a href=\"https:\/\/t.co\/GredJEJp64\">https:\/\/t.co\/GredJEJp64<\/a>!<\/p>\n<p>And also that there is a giveaway of 1 MegaSerum ($1.8m!) to a staker \ud83d\ude42 <a href=\"https:\/\/t.co\/L02uz8vxje\">pic.twitter.com\/L02uz8vxje<\/a><\/p>\n<p>\u2014 SBF (@SBF_Alameda) <a href=\"https:\/\/twitter.com\/SBF_Alameda\/status\/1293664251966418944?ref_src=twsrc%5Etfw\">August 12, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Among the participants, one MegaSerum will be raffled, equivalent to 1 million SRM, valued at $1.8 million, and offering additional advantages over ordinary Serum. The winner will be determined on Friday, August 14 at 04:00 UTC. Two hundred randomly selected other forkers will each receive 100 SRM.<\/p>\n<p>Rewards are calculated at a 4% annual rate, accruing hourly. Half of the reward goes to unlocked SRM, the other half to locked tokens, which make up 90% of total issuance.<\/p>\n<p>In the project\u2019s blog, it is noted that the lockup period for locked SRM will range from one to seven years. In Serum&#8217;s creators&#8217; view, long-term locking of funds promotes the organic development of the ecosystem.<\/p>\n<p>In the future, token holders may revise the reward parameter via voting.<\/p>\n<p>Back in late July, Serum&#8217;s launch was announced. It is expected that, by using the second-layer Optimistic Rollup solution, the platform will be compatible with the Ethereum blockchain. Solana was chosen for its speed and low transaction costs.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency derivatives exchange FTX announced the launch of staking Serum (SRM) tokens issued by the Solana-based non-custodial exchange of the same name.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1289,787,1236,1876,1159],"class_list":["post-27215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-staking","tag-dex","tag-ftx","tag-serum","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=27215"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27215\/revisions"}],"predecessor-version":[{"id":27216,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27215\/revisions\/27216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=27215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=27215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=27215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}