Shibarium Perpetuals (SERP) is the first perpetual decentralized exchange on Shibarium. It offers spot and perpetual trading withou t price manipulation. By leveraging Chainlink Oracles, the exchange obtains real-time pricing data from high-volume exchanges, providing users with reliable and up-to-date market information. Traders can make informed decisions based on accurate pricing.
The project was launched in March 2023.
As an AMM, users can swap assets without a central order book or open a long/short position with leverage up to 50x.The exchange features a unique multi-asset pool called VENOM, where liquidity providers can deposit assets and receive VENOM tokens in return. This pool serves as a hub for market making, swap fees, and leverage trading, allowing liquidity providers to earn fees from their deposited assets.
Additionally, users can stake SERP tokens and receive Escrowed SERP, Multiplier Points, and ETH as rewards.
SERP, the utility token of Shibarium Perpetuals, is available on various exchanges. It has a total supply of 1,000,000,000.
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