The Incentive Ecosystem Foundation is a community-led foundation that supports development on the Serum network, a decentralized exchange and liquidity infrastructure built on Solana. Serum provides an on-chain central limit order book (CLOB) that gives developers access to matching services and shared liquidity across protocols. The IEF manages a Serum ecosystem fund and will allocate a portion of newly raised capital to support projects leveraging Serum's liquidity infrastructure. Planned support focuses on DeFi, NFTs, gaming, the metaverse and DAO tooling, alongside business development, marketing and ecosystem integration services. According to Serum Analytics, over 70 projects are built on Serum and applications on Serum account for upwards of $2bn total value locked; on December 4, 2021 daily trading volume hit an all-time high of $350mm. The foundation says the added funds will promote innovation, development, and growth of protocols built on Solana that utilize Serum's DEX and liquidity infrastructure.

Total raised

$100M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2022