Raydium is an automated market maker (AMM) and liquidity provider on the Solana blockchain, designed specifically for the Serum decentralized exchange (DEX).
Hong Kong, SAR – The leading cryptocurrency derivatives exchange, WOO X, announces the listing of Raydium (RAY) on the 6th of February, expanding its diverse range of digital assets available for trading. This listing will be accompanied by the RAY/USDT trading pair, enabling traders to conveniently access this renowned token.
About Raydium (RAY)
Raydium is an automated market maker (AMM) and liquidity provider that operates on the Solana blockchain. It is designed to seamlessly integrate with Serum, a decentralized exchange (DEX) that features a central limit order book.
Unlike other AMMs, Raydium offers on-chain liquidity directly to Serum’s order books. This integration provides Raydium's liquidity providers (LPs) with direct access to the full spectrum of Serum's order flow and liquidity. By optimizing the trading experience and liquidity, Raydium enhances the potential returns for traders and LPs.
The native utility token of Raydium is RAY, which plays several crucial roles within the ecosystem. It is used for staking to earn protocol fees, participation in Initial DEX Offerings (IDOs) to receive allocations, and involvement in governance votes to influence protocol decisions.
This token serves as an incentive and governance mechanism, aligning the interests of users with the well-being and growth of the platform.
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