SeraiDEX_News (Unofficial)
@SeraiDEX_News
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Unofficial news source for the upcoming Serai cryptocurrency DEX SeraiDEX website: https://t.co/n8BwbKzxlt SeraiDEX official: https://t.co/3ErOdMtj4u
Joined July 2024
This is an UNOFFICIAL account sharing information and discussion on the Serai DEX crypto exchange sourced from official Serai accounts and communications. Not legal advice. Opinions belong to their respective authors.
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Someone on Discord asked "What is PVSS?" Kayaba answered: "Publicly verifiable secret sharing scheme. It lets us do key generations, without fail, so long as the threshold of honest nodes are online." Serai uses PVSS for its DKG. Learn more about PVSS:
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Have questions for Kayaba on Serai? Here's a chance to ask!
I don't tweet from the Serai account often, as I'm not really a social media person, but it's been a while. With all the current noise in the space, I thought it'd be worthwhile. Serai has taken a while, but only because good things take time. Happy to answer any Qs.
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RT @SeraiDEX: Our Bitcoin library was audited. Our Monero libraries are being audited. Our Ethereum libraries have been sent off for auditi…
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As well as Discord and Matrix, GitHub Issues sometimes holds interesting info and discussions, such as this one on Monero security and quantum computing. $XMR #quantumcomputing
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An update from Kayaba on audit progress. Getting close now! $ETH $XMR
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RT @kayabaNerve: The implementation of Generalized Bulletproofs I did for Monero has been audited! > Overall, we…
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Particularly interesting and approachable unpacking of quantum resistance for BTC and XRM from timestamp
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A big status update on Serai from Kayaba. In summary, most of the work is done (latency hitches in the coordinator still needing attention). Reviews and audits are either underway or starting soon, with an anon. donor helping some audit funding. See:
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Remember, you can join Serai's Discord ( and/or Matrix ( and join the conversations on Serai #cryptocurrency #dex
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Kayaba on Discord: (I'm) stepping down from various responsibilities in the Monero community and noting personal obligations... I'm currently focusing on Serai and attempting to collect where everything is/where everything needs to be. (Further comments) in a week or two.
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The audits of our Monero libraries have been fully funded by the Monero community! Many thanks to everyone who donated! We're happy we could contribute modern, memory-safe libraries and multisig to the ecosystem!
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Update on Kayaba's focus shifting entirely to Serai with what sounds like more information to come.
As I said at Monerotopia, I planned to have my work on the FCMP++ libraries done at the end of the month. With that, I am announcing I am stepping back from work on Monero. I will continue to work on Serai.
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The audits of the #Monero ( $XMR ) libraries Serai built are being crowdfunded via the CCS. These are public-good libraries used to interact with and independently verify Monero. They also include a performant threshold multisig for secure deployments.
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@Fakk2 @ceo_thor @jpthor I'm talking on it tomorrow at @monerotopia. Various components are ready for audit. The rest of the components I'm hoping to have cleaned for audit by EOY. I am also trying to organize funding for said audits.
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Asked why Serai will use % based fees rather than a flat fee structure, Kayaba responded (paraphrasing): If we set a $10 flat fee, and you swap $100, you'd pay 10%. Yet anyone who swaps $10,000 would pay 0.1%. A flat fee would encourage only large swaps while discouraging smaller ones. Large swaps sound great on paper, but would cause far fewer swaps, where it's swap volume benefits users most.
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"The intent of is that you can send TXs to Serai without any Serai-specific code. Just a JSON-RPC client. That only is regarding BTC/ETH/DAI/XMR to Serai, not TXs on Serai itself. That will require Serai-specific code." - Kayaba
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In a reply on Discord, Kayaba addressed the potential for a launch before EOY. While a release candidate version is still expected, a code audit timeline rests upon outside parties. Regardless, the time is nigh!
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