Step Finance Releases Latest Updates

The update features much-needed integrations, including the addition of the Serum DEX aggregator.

Utulu Hope
June 18, 2021
Breaking News

Step Finance Gives Users Some New Toys

Step Finance has announced its latest updates via Twitter on June 16th. The news included an announcement that the Solarians and SolPunks Non-Fungible Tokens (NFTs) are now supported on the Step Finance platform. Step also announced via the same Tweet thread that they have officially added Serum Decentralized Exchange (DEX) aggregation support.

Step Finance Integrates Serum DEX Liquidity

With the addition of Serum aggregation, users can now swap via Step’s integrated Serum DEX and enjoy the best pricing and liquidity. There will be access to more coins and direct pairs. All these will be added to Step’s Automated Market Maker (AMM) to increase users’ yield. Open orders on the Serum DEX will now be displayed on users' accounts with the ability to settle any unsettled balances. Some minor changes have also been made to improve the website’s UI, including the added support for Mango Markets.

Giving NFTs a Boost

Step revealed it now supports Solarians — the first generative NFTs on Solana - and SolPunks, another NFT on the fast and scalable blockchain. NFTs are unique digital assets that cannot be replicated. Solarians focus on robot-themed NFTs that have unique levels of rarity and design. According to their website, they have plans to include further use-cases for their NFTs. SolPunks are NFTs that are based on the wildly-popular CryptoPunks NFTs that helped kickstart the non-fungible trend. According to a recent Tweet by the SolPunks team, they are the best-selling Solana-based NFT.

About Step Finance

Step Finance is a portfolio manager on the Solana blockchain that offers users the best option for all transactions. The protocol depends on innovative automated investment vaults to give users automated investments across multiple swap tools. Step also provides users access to a wide range of yield farming options, intensifying its use-case potential in the process. 

Final Thoughts 

The Serum DEX aggregator feature will drive more adoption to the Solana-based protocol, including its unique dashboard and support for well-known NFTs like SolPunks and Solarians. The protocol has shown that the Solana blockchain hosts some of the best projects in Decentralized Finance (DeFi). Step Finance have swiftly made a name for themselves as a premier portfolio manager for these projects, and continued updates like their latest will drive further adoption of the platform.

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Utulu Hope

UC Hope is a passionate fan of crypto who could weave the latest event into sparks of inspiration and information. He leaves no stone unturned to get to the core of a story. Aside from writing, he spends his hours poring over algorithms and protocols, preparing for a future career as a computer programmer.