What is SRM
SRM is the platform utility token for Serum, a decentralized exchange (DEX) ecosystem and trading protocol built on Solana blockchain network. Serum DEX utilizes a fully on-chain Asset Agnostic Order book to enable limit orders and provide centralized exchange capabilities within a decentralized, non-custodial trading environment, allowing traders to set price, size, and trade direction. Serum Token holders earn up to 60% off trading fee, as well as governance rights to determine changes to the Serum ecosystem. Serum's powerful Shared Liquidity Model functions to pool liquidity in one place to be made accessible for other applications on Solana using Serum protocol.