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Original author(s) | Anonymous team ("AlphaRay," "XRay," and others) |
---|---|
Developer(s) | Raydium Core Development Team |
Initial release | February 2021 |
Repository | github |
Written in | Rust, C++ (Solana-based) |
Middleware | Serum (for order book integration) |
Engine | Solana Blockchain Framework |
Operating system | Cross-platform (Web-based) |
Platform | Solana Blockchain |
Predecessor | Traditional AMM-based DEXs (on Ethereum) |
Service name | Raydium |
Standard(s) | Solana SPL Token Standard |
Type | Decentralized Exchange (DEX), DeFi Platform |
License | Open-source (GitHub) |
Website | raydium |
As of | December 2024 |
Raydium is a decentralized exchange (DEX) built on the Solana blockchain. It provides automated market making (AMM) and liquidity provision through its on-chain order book system. Unlike traditional DEXs, Raydium integrates directly with the Serum decentralized exchange, enabling shared liquidity and faster trade execution.
History
Raydium was launched in February 2021 by an anonymous team known collectively as "AlphaRay," "XRay," and other pseudonymous developers. Its creation aimed to address scalability and transaction speed issues common in Ethereum-based DEXs by leveraging Solana's high-performance blockchain.
Features
Automated market maker
Raydium uses an automated model where users can provide liquidity by depositing token pairs into liquidity pools. This allows for trustless trading and yield generation through fees earned from swaps.
Order book integration
Raydium connects with Serum's on-chain order book, enabling users to access broader liquidity. This integration differentiates Raydium from typical AMM-based DEXs.
Yield farming
Liquidity providers can stake their LP tokens to earn RAY, the platform's native token, through various farming programs.
Staking
RAY holders can stake tokens directly on the platform for additional rewards, enhancing passive income opportunities.
Launchpad AcceleRaytor
Raydium's AcceleRaytor platform supports token launches for new blockchain projects, providing early investment opportunities for users.
Governance
Raydium follows a decentralized governance model through the RAY token. Holders can vote on platform updates, new liquidity pools, and key protocol changes. Governance decisions are implemented based on community voting results.
See also
References
- "What is a DEX?".
- "What is an Automated Market Maker (AMM)?".
- "Guide to Serum DEX: What is SRM?".
- "Swap". Raydium. Retrieved 2024-12-11.
- "What is Raydium? | RAY Crypto | Delphi Digital". members.delphidigital.io. Retrieved 2024-12-11.
- "What is Raydium?". www.thebigwhale.io. Retrieved 2024-12-11.
- "AlphaRay - People in crypto | IQ.wiki".
- "Raydium - Decentralized Finance | IQ.wiki". iq.wiki. Retrieved 2024-12-11.
- ^ Heyden, Nathan van der (2021-08-28). "DeFi Project Spotlight: Raydium, Solana's Top Automated Market Maker". Crypto Briefing. Retrieved 2024-12-11.
- ^ "Raydium Price: RAY Live Price Chart, Market Cap & News Today".
- "Raydium Price: RAY Live Price Chart, Market Cap & News Today". CoinGecko. Retrieved 2024-12-11.
- "Passive Income and Yield Farming on Solana with Raydium". DappRadar. 2021-08-31. Retrieved 2024-12-11.
- "Raydium (RAY) Key Staking Insights". Staking Rewards. Retrieved 2024-12-11.
- "Swap". Raydium. Retrieved 2024-12-11.
- "Raydium (RAY) | Tokenomics, Supply & Release Schedule". tokenomist.ai. Retrieved 2024-12-11.
- "Raydium AcceleRaytor Recently Launched Projects by Chain Broker". chainbroker.io. Retrieved 2024-12-11.
- "AcceleRaytor". v2.raydium.io. Retrieved 2024-12-11.
- "AcceleRaytor by Raydium | Crypto Launchpads – Coinlaunch.space". coinlaunch.space. Retrieved 2024-12-11.
- "What is Raydium? | RAY Crypto | Delphi Digital". members.delphidigital.io. Key Takeaways. Retrieved 2024-12-11.
External links
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Category:Cryptocurrency exchanges
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Category:Decentralized finance