About Raydium (RAY)
Raydium is a Solana-based automated market maker (AMM). The AMM platform allows users to trade, swap, and provide liquidity to earn returns on digital assets. The protocol leverages Serum's central order book, providing Raydium users additional liquidity to the protocol and faster trading. Like all Solana-based protocols, Raydium employs Solana's processing speed and data capacity.Ā
As part of its partnership with Serum, Raydium - a non-custodial decentralized exchange built on the Solana ecosystem - now has access to Serum's order flow and liquidity. Raydium's algorithm relies on a Constant Function Automatic Market Maker (CFAMM), which uses a mathematical function to ensure that reserve assets remain constant regardless of trades made. This feature benefits Raydium users and liquidity pools, making it easier for them to access Serum's order book and liquidity.
Raydium enables users of its platform to participate in multiple DeFi activities such as trading, yield farming, and pools. Additionally, Raydium's AcceleRaytor initiative is purportedly designed to accelerate the growth of the Solana Ecosystem. It serves as a launchpad for new projects to raise capital and drive initial liquidity in a decentralized and interoperable manner. This allows both the project and Raydium communities to engage in token offerings.
The Raydium platform is powered by the RAY token.The token is used for staking, liquidity mining, securing IDO allocations, and granting governance rights within the Raydium DeFi ecosystem.Ā The live price of Raydium (RAY) is updated and available in real time on Binance.