Raydium Coin (RAY)
4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R
Coin Details
- 554,999,316 Supply
- Blockchain: Solana
What Is Raydium Coin (RAY) ?
- Launch Date 21-February-2021
Overview
Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks. This gives Raydium LPs access to all of Serum’s order flow as well as their existing liquidity. RAY is the native utility token used for:
Staking to earn protocol fees
Staking to receive IDO allocations
Governance votes on protocol decisions
$Raydium Key Features
- Staking platforms
- High-speed transactions with low fees
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