Raydium (RAY)
Overview
Raydium (RAY) is an on-chain order book automated market maker (AMM) built on the Solana blockchain, sharing liquidity with the Serum decentralized exchange. The Raydium mainnet launched in February 2021. As an AMM, Raydium facilitates the trading of digital assets, such as cryptocurrencies, in a permissionless manner through liquidity pools. These pools rely on liquidity providers who lock their assets in a smart contract, which can then be utilized as trading pairs within the decentralized exchange. Raydium combines the flexibility of an AMM with the reliability of Serum's order book, supporting efficient, liquid, and low-fee trading on Solana.
| Ticker | RAY |
| Category | Decentralized Exchange (DEX) |
| Website | https://raydium.io/ |
| @raydiumprotocol | |
| Telegram | raydiumprotocol |
| Contract Addresses | |
|---|---|
| solana | 4k...6R Copied! |
Raydium technology
Traditional exchanges, like stock markets, use a centralized order book for buy and sell orders, matching market makers with market takers to ensure liquidity. The Serum decentralized exchange, supported by Raydium, replicates this process using smart contracts.
Raydium and Serum integration
Raydium integrates its AMM with Serum's order book to leverage the strengths of both systems. This integration allows traders to benefit from efficient and cost-effective trading. When users contribute to Raydium's liquidity pools, the AMM converts their tokens into limit orders on Serum's order book. Raydium then compares prices between the order book and its AMM to execute the most cost-effective trade.
AcceleRaytor
Launched in April 2021, AcceleRaytor is Raydium's initiative to promote the Solana ecosystem. It serves as a launchpad for new Solana projects, enabling them to raise capital and drive initial liquidity. AcceleRaytor offers Community Pools and RAY Pools, providing access to early-stage projects while rewarding the Raydium community's support. This system allows projects to expand their reach and accelerate development.
RAY token
The RAY token has several utilities, including staking for additional yield from trading fees and potential multipliers on yield. Raydium may also implement a limited governance model, allowing RAY stakers to participate in community proposals and amendments.
Token distribution
The distribution of RAY tokens is outlined as follows:
- Max Supply: 555,000,000
- Mining reserve: 34%
- Partnership & Ecosystem: 30%
- Team: 20% (Locked 1-3 years)
- Liquidity: 8%
- Community Pool: 6% (Locked 1 year)
- Advisors: 2% (Locked 1-3 years)
RAY team
AlphaRay
AlphaRay oversees strategy, operations, product direction, and business development for Raydium. With a background in algorithmic trading and a transition to cryptocurrency market-making in 2017, Alpha identified a need for an order book AMM and assembled a team to address it.
XRay
XRay, the Chief of Technology and Dev Team leader, has 8 years of experience in trading and systems architecture. XRay designs Raydium's systems and infrastructure.
GammaRay
GammaRay leads marketing and communications, contributing to strategy and product direction. With a background in data analytics and market research, Gamma focuses on technical analysis and discretionary trading within cryptocurrency.