Raydium is an automated market maker (AMM) platform built on Solana where users can swap, trade and provide liquidity to earn yield on digital assets. However, unlike other AMM platforms, Raydium's AMM provides on-chain liquidity to OpenBook's central limit order book, meaning that Raydium’s users and liquidity pools have access to the order flow and liquidity of the entire OpenBook ecosystem, and vice versa.
Raydium’s Best Price Swaps feature determines whether swapping within a liquidity pool or through the OpenBook order book will provide the best price for users.
Not only can you trade and swap on Raydium, but there are a number of ways you can earn additional tokens while farming liquidity pools and staking. Raydium’s AcceleRaytor sets out to drive the growth of the Solana Ecosystem, serving as a launchpad for innovative projects to raise capital and drive initial liquidity. Learn how to participate in an AccleRaytor IDO here.
Solana stands out in DeFi with lightning-fast speeds of up to 65,000 transactions per second, 400ms block times, and less than $0.01 average transaction fees. Raydium believes in the Solana vision and that it will power the future of De-Fi. Read more here.
There are two major types of exchanges that allow users to trade cryptocurrency: traditional exchanges and automated market maker (AMM) exchanges. Traditional exchanges use an order book to match users looking to buy tokens with users looking to sell. On an AMM platform, instead of trading between buyers and sellers, users trade against a pool of tokens — a liquidity pool.
However, unlike other AMM platforms, Raydium's AMM provides on-chain liquidity to OpenBook's central limit order book, meaning that Raydium’s users and liquidity pools have access to the order flow and liquidity of the entire OpenBook ecosystem, and vice versa.
Yes, learn more about yield farming and staking on Raydium.
AcceleRaytor is an initiative by Raydium to spearhead the growth of the Solana Ecosystem. It serves as a launchpad for the latest projects to raise capital and drive initial liquidity in a decentralized and interoperable manner while enabling both project and Raydium communities to participate in carefully curated and vetted token offerings.
You can read more about how to participate in AcceleRaytor here. Follow us to stay up to date on new AcceleRaytor announcements and rules on Discord, Telegram, Twitter, or Medium. If you're interested in launching a project on AcceleRaytor, please fill out this form!
Raydium farms are pools that allow liquidity providers to generate RAY tokens in addition to the trading fees contributed to the pool. Follow this link for complete instructions on how to participate.
Fusion pools are liquidity pools that go beyond RAY-incentivized farming pools and allow liquidity providers to earn tokens from projects they support in addition to the trading fees contributed to the pool. Fusion pools enable projects to bootstrap liquidity for their token on Raydium and OpenBook. Some pools also offer Dual Yield, where users can earn RAY in addition to project tokens. Follow this link for complete instructions on how to participate.
Anyone can create a liquidity pool on Raydium for a token pair. Projects or users can leverage Raydium’s AMM and drive liquidity by creating a Permissionless liquidity pool.
Some tokens on Raydium are wrapped. For example, BTC and ETH are wrapped using the Wormhole bridge. As the ecosystem expands more bridges will likely integrate with Solana.
Other tokens on Raydium are SPL native tokens.
It's highly suggested to research a bridge before bridging assets.
To connect to Raydium, you'll need an SPL wallet. Raydium a number of SPL wallets, including Ledger, Phantom, and Solflare. Raydium will continue to integrate new wallets as they are developed.
You can access Raydium from your mobile browser by connecting your wallet. The Raydium team is in the process of rolling out a more mobile-friendly version of the platform.
Governance is a key component of Raydium’s mission and a governance method is in development.
Please complete this form to apply for a Fusion Pool or AcceleRator IDO.
You can get support on Discord or Telegram. Join the global community!
Questions about Trading
SOL is required to pay network (gas) fees. Fees are very low on Solana and you may be able make a number of transactions with a low balance, however it is recommended to keep at least 0.05 SOL in your wallet for gas.
Swap fee: Every time a user swaps between a pool, a 0.25% fee is taken on the trade. 0.22% of that trade goes back to the LP pool as fees earned and 0.03% of that goes to buying back RAY.
Network fee: A nominal amount of SOL is also required to pay Solana network fees on each trade. Most trades cost between 0.0001 — 0.001 SOL.
The key differentiator in Raydium’s AMM is that liquidity on Raydium also creates a market on OpenBook that is tradable on any OpenBook DEX GUI. Because Raydium’s LPs take orders directly on the OpenBook central limit order book, anyone trading on OpenBook has access to that liquidity. This is different from almost every other AMM protocol where liquidity is siloed off from other trading platforms.