Life After FTX: How Solana DeFi Is Starting Over—Without SBF’s | https://t.me/Solana_Updates

Life After FTX: How Solana DeFi Is Starting Over—Without SBF’s Serum

The fall of Sam Bankman-Fried didn’t just topple a $32 billion cryptocurrency exchange in FTX—it also threatened to undo the fabric of decentralized finance on the crypto wunderkind’s blockchain of choice, Solana.

Serum, founded in August 2020 by a consortium that included the Solana Foundation and Bankman-Fried’s FTX and trading desk Alameda Research, was a core decentralized exchange platform and liquidity provider for the burgeoning Solana DeFi ecosystem. Its order book was crucial for DeFi on Solana, integrated into virtually all of the biggest DeFi projects on the network.

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