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Raydium

An avenue for the evolution of DeFi. Light-speed swaps. Next-level liquidity. Friction-less yield.
Category
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Finance
Blockchain
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Solana
Currency
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RAY
Publisher
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Solana
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What is Raydium?
Raydium determines whether swapping within a liquidity pool or through the Serum order book will provide the best price for the user, and executes accordingly.

Serum Integration
Raydium is built on the Solana blockchain and is integrated with the Serum decentralized exchange (DEX), which allows for fast and efficient trading of a wide range of assets. The integration with Serum provides users with access to deep liquidity and tight spreads, making it an attractive option for traders.

AMM + Order Book Hybrid
Raydium uses an innovative hybrid model that combines an automated market maker (AMM) system with a traditional order book. This approach allows for fast and efficient trading of assets, while still providing users with the ability to place limit orders and execute trades at specific prices.

Yield Farming
Raydium offers users the ability to participate in yield farming, which allows them to earn rewards by providing liquidity to various liquidity pools. Users can earn rewards in the form of RAY tokens, which can be used to participate in platform governance and decision-making.

Low Fees
Raydium is designed to be a low-fee platform, with transaction costs that are significantly lower than other DeFi platforms. This is made possible by the high-speed and low-cost nature of the Solana blockchain, which allows for fast and efficient transaction processing.

User-Friendly Interface
Raydium's interface is designed to be user-friendly and intuitive, with a focus on ease-of-use and accessibility. The platform features a simple and clean interface, with easy-to-understand charts and data visualizations that make it easy for users to monitor their trades and investments.

Order Book AMM
Raydium's AMM interacts with OpenBook's central limit order book, meaning that pools have access to all order flow and liquidity on OpenBook, and vice versa.

Best Price Swaps
Raydium determines the best swap route among all pools in order to provide the best price for users, and executes accordingly.

Premissionless Liquidity
Raydium enables the permissionless creation of liquidity pools and farms so projects can launch and bootstrap liquidity in a decentralized manner.
Information
Type
Automated Market Maker
Blockchain
Solana
Currency
RAY
Platform
Windows, macOS
Publisher
Solana
Version
V2.6.4
FAQ
Raydium is an automated market maker (AMM) on the Solana blockchain that leverages the central order book and depth of Serum, a popular decentralized exchange also on Solana. It’s an essential feature of the Solana ecosystem that uses liquidity pools to facilitate ultra-fast token swaps and trades.
It was founded on 21 February 2021 by three innovative founders – AlphaRay, XRay, and GammaRay with a max supply of 555 million coins.
Raydium is listed by Binance. It is the first Solana-based coin to be listed on Binance. Why is that such a big deal? Well, Binance is one of the largest crypto exchanges in the world. Therefore, it wants to preserve its reputation as a credible exchange, making it a point of duty to verify each project before listing. This does not necessarily mean it is 100% safe, but it’s a good vote of confidence
The best place to get RAY is on Raydium.io itself or other decentralized exchanges that support SPL standard tokens. Examples of these decentralized exchanges are Serum, Bonfida, Solape, etc.
One of the major distinguishing factors between Raydium and other AMMs is that Raydium is the first AMM that optimizes both the Solana network speed and a DEX limit order book. This accounts for its next-level liquidity, friction-less yield farming, and light-speed swaps. In addition to that, it also has the following unique features:
Raydium farms allow liquidity providers to earn tokens as rewards for providing liquidity, in addition to trading fees. There are two types of farms on the Raydium website:Raydium farms: Stakers earn RAY as rewards for staking liquidity provider tokens(one of which must be RAY). It has pretty juicy rates, with some going as high as 101% APR
Fusion farms: This is a new form of liquidity mining created in collaboration with several projects. Stakers in this farm earn other tokens within the Solana DeFi ecosystem as rewards
When you add to a liquidity pool on Raydium, you receive liquidity provider(LP) tokens. These tokens are like title deeds, representing a proportional share of the pooled assets and allowing you to reclaim your funds at any time. You benefit from adding liquidity to a liquidity pool by taking a percentage of the trading fees whenever someone makes a swap from the liquidity pool.
Yes, you can. You can do this in the following ways:👉Speculating on the price of RAY: This involves buying RAY at a point you feel is cheap and selling when high(remember that this is not financial advice)👉Providing Liquidity: By providing liquidity to a liquidity pool, you earn a share of the transaction fees when someone swaps from the pool👉Farming: You can utilize your Liquidity Provider(LP) tokens further by staking them in farms to get RAY tokens or other tokens available.👉Launchpads: Partaking in the AcceleRaytor and Dropzone launchpads can make you get in early at innovative projects from which you can earn good profit.👉Staking RAY: If you’re not comfortable with staking liquidity tokens because of the risk of impermanent loss, you can stake Ray on Raydium and earn rewards with an APR of around 29%
Fundamentally, the Raydium token has prospects. This is because it sits nicely as the first-mover when it comes to tokens in the Solana ecosystem. Its unique features and innovative mechanisms, as discussed, make it a worthy currency on the Solana chain. It would be better if the team behind Raydium fosters more trust in themselves by addressing their anonymity and audit issues. That would do well for the long-term development of the coin. It’s good to note, at this point, that the views expressed here are NOT to be considered as FINANCIAL ADVICE.
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