The Kin Foundation is pleased to announce that Alameda Research will provide liquidity for the Kin cryptocurrency on Serum, a fast-transaction throughput decentralized exchange with trustless cross-chain trading.
Project Serum is a high-performance protocol that powers an independent ecosystem of exchanges and markets that bridge crypto-ecosystems such as Ethereum and Solana. By allowing Kin to be featured on Serum, Kin users will gain more market accessibility and the ability to experience Serum via a variety of wallets and GUIs such as Bonfida, Sollet, Solong or Serum Pro.
This new development is one of the early outcomes of the Kin ecosystem migration to the Solana blockchain, enabling Kin to continue growing as one of the most used cryptocurrency by mainstream consumers.
“Adding Kin to Serum was a logical decision,” said Sam Bankman-Fried, Founder and CEO of Alameda Research, “Given the successful migration to Solana, and the scale of their daily active users, it is a project that we have been keeping our eyes on.”
“Serum is the fastest-growing DEX on Solana,” said William Mougayar, Executive Chairman of the Kin Foundation, “Following Kin interest from the Asian markets, and our desire to harness the potential of the Solana blockchain, we welcome our partnership with Alameda Research.”
How to Use Kin on Serum
Accessing Kin on Serum can be done immediately by going to this URL:
Users typically start by first creating a wallet, funding it with SOL, adding Kin with a given balance, then going to the Serum DEX user interface, and finally connecting their wallet. There are several GUI choices for accessing Serum DEX markets, and a complete list is available on Serum Academy.
About Kin Ecosystem
Kin is money for the digital world. It is a new way for developers to monetize by using a shared, decentralized cryptocurrency in a digital ecosystem of apps and their users. The Kin blockchain (on Solana) is developed to scale for mass usage and supports a wide-scale digital economy where app developers and millions of mainstream consumers initiate millions of microtransactions every day. Developers anywhere can seamlessly integrate the Kin SDK into their platform and become active partners in the Ecosystem’s growth. www.kin.org
Project Serum is built by the Serum Foundation, a group of experts in cryptocurrencies, trading, and decentralized finance. Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance. It is built on Solana and completely permissionless. projectserum.com