Serum Community Launches an Informal Discussion to Burn Over 9 Billion Locked $SRM

TokenInsight news, the DEX Serum forum on the Solana chain is initiating an informal discussion on a proposal to destroy the more than 9 billion $SRM in lockup, with community members arguing that the nearly 99% of uncirculated $SRM in lockup is meaningless and will simply increase the FDV significantly rather than having a positive impact on the $SRM itself. Instead of contributing to a positive impact on the $SRM itself, it would encourage some investors to shy away from investing due to the extremely high FDV. A formal governance proposal requires more than 100,000 $SRM to be created, and a threshold of 1.5 million $SRM must be voted in favor of the governance proposal to proceed.



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