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About Raydium

What is Raydium?

Raydium is a Solana-based decentralized exchange (DEX) that uses an automated market maker (AMM) model. Users can exchange, trade, and become liquidity providers. In addition, the exchange provides liquidity to another Solana-based exchange, Serum, which uses an order book model. As a result, Raydium users have access to Serum's order flow and liquidity, and vice versa. In addition, the platform offers the lowest exchange price and can automatically determine if it is cheaper to exchange tokens routed through the liquidity pool or Serum's order book. Users can also increase liquidity and receive LP tokens, which represent a percentage share of the liquidity pool assets. Each time a token exchange is executed, the holder of the LP token receives a 0.22% return on the volume traded. It will be distributed based on the percentage of liquidity invested in the pool. There will also be an option to create license-free pools, as well as to place orders in the Serum order book. In this way, users can add any token pair they want and earn a profit share of the transaction fees. Of course, it is also possible to pledge the native token RAY to earn more tokens. The token can also be used as a governance token to vote on proposed improvements to the exchange and fee structure.

Who are the founders of Raydium?

The exchange was founded by two people using pseudonyms, AlphaRay and XRay. AlphaRay has a background in algorithmic trading of commodities, and XRay is the head of the development team and has eight years of trading experience. In addition, GammaRay heads up the exchange's marketing and PR departments.

When did Raydium launch?

Raydium launches on February 21, 2022.

Where is Raydium located?

The exchange's CrunchBase profile does not list a detailed location.

Countries with restricted access to Raydium

Residents of Belarus, Central African Republic, Democratic Republic of Congo, North Korea, Crimea, Donetsk and Luhansk regions of Ukraine, Cuba, Iran, Libya, Somalia, Sudan, South Sudan, Syria, United States, Yemen, Zimbabwe, and any other jurisdictions where access or use of the protocol is prohibited are not allowed to use the Raydium protocol.

List of tokens supported by Raydium

Raydium supports all SPL tokens on the Solana chain.

What are the fees for Raydium?

At the time of writing, there is a 0.25% transaction fee for token exchanges, of which 0.22% goes back into the liquidity pool and the remaining 0.03% is allocated to the pledge pool.

Can I use leverage or margin trading on Raydium?

Raydium does not offer leverage or margin trading services.