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Raydium

Raydium

Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX).

RAY is available on a growing number of exchanges with cryptocurrency and stablecoin pairs currently available. The most liquid exchanges include Raydium.io itself, FTX.com and gate.io

Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMM, Raydium provides online liquidity for the central limit order book, which means funds deposited with Raydium are converted into limit orders that are held in Serum's order books. This gives Raydium LP access to Serum's entire order flow as well as their existing liquidity.

Raydium launched its mainnet on February 21, 2021 with 555,000,000 genesis tokens. 34% of all tokens will be issued as liquidity mining incentives over a 3-year period. 30% of the tokens are dedicated to partnership and expansion of the Raydium ecosystem. This includes giving grants to projects that build projects around Raydium or help our communities in general. These tokens are typically locked for 1 year and unlocked linearly over the next 2 years.

AlphaRay leads the overall strategy, operations, product direction and business development of Raydium. With a history of algorithmic trading in commodities, Alpha moved on to creating a market and providing liquidity for cryptocurrencies in 2017 and has not looked back. After diving into DeFi in the summer of 2020, Alpha saw a market need for an AMM order book for liquidity aggregation, and with the release of Serum, it has assembled a team of experienced trading developers to address this issue. XRay is Raydium's CTO and development team leader. X has 8 years of experience as an architect of low latency and trading systems for both traditional and cryptocurrency markets. X designs all Raydium systems and infrastructure as needed.

Timeline

Products

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Further Resources

Title
Author
Link
Type
Date

AlphaRay - Founder of Raydium Ep #40

Web

April 13, 2021

Ancient8 Raises $4 Million in Seed Funding to Democratize Social and Financial Access in the Metaverse

Ancient8

Web

January 19, 2022

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