As part of a larger effort to attract users to the ecosystem, Project Serum, a decentralised derivatives exchange for the Solana network, has launched a $100 million liquidity mining programme. The initial allocation was approved by Serum's decentralised autonomous organisation, or DAO. The sum will be paid out in Serum's native SRM token as a reward mechanism for automated market makers who work directly with Serum's on-chain order book.