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About Raydium (RAY)
A recent addition to the ever-expanding Solana ecosystem, Raydium works in tandem with Serum, SOL’s decentralized exchange (DEX), augmenting liquidity.
RAY is Raydium's utility token. It can be staked/deposited on the platform.
Any funds locked into Raydium, a blockchain-run, liquidity-pool-enabled automated market maker (AMM), get converted into limit orders that flow into Serum. This effectively forms a kind of on-chain estuary connecting smart-contract-abetted liquidity with Serum’s more traditional order book buyer/seller matching mechanism (although, not that traditional, considering there are smart contracts involved).
Raydium's swap feature allows users to swap tokens through Serum,, while also allowing users to employ other trading features, such as limit orders.
Raydium AMM’s mainnet launched in February 2021. "Our vision was to drive ecosystem-wide liquidity for Solana by creating an AMM that interacts with Serum’s central limit order book," team members said in a 100-days-milestone-markinglast spring. "All while solving key challenges for users like high fees and slow transactions."
Raydium prioritizes user experience, seamless transactions and aims for the best price swaps it can facilitate, whether via a liquidity pool or by tapping the Serum order book. Its team boasts of providing ecosystem-wide liquidity for numerous Solana based projects and users.
AcceleRaytor is Raydium’s launching pad for projects to deploy and raise capital. A parade of this new-launch activity is referenced.
Raydium’s core development team uses pseudonyms. "AlphaRay" runs the project’s strategy and business development; "XRay" is chief of technology. They are joined by "GammaRay," "StingRay" and "RayZor," responsible for a range of activities, including marketing, trading and security.
RAY is a key part of Raydium’s sphere of influence, paying for transaction fees and funding rewards.
RAY can be staked or deposited into liquidity pools, thereby earning additional rewards. Assets swapped via a Raydium liquidity pool earn a 0.03% fee, paid out in RAY to depositor-holders connected with that pool.
How to buy Raydium (RAY)
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