Network: Solana
Category: DeFi
Address: Raydium

About RAY

RAY is the native token of Raydium, a decentralized automated market maker (AMM) built on the Solana blockchain. What makes Raydium unique is its ability to offer high liquidity by integrating its AMM pools with the OpenBook order book. This ensures better prices and more efficient trading.

Raydium plays a key role in Solana’s DeFi ecosystem, providing fast and low-cost transactions for both liquidity providers and staking investors, while also offering opportunities to generate yield. With RAY, users can trade, stake, provide liquidity, and participate in protocol governance.

Key Points of RAY

Integrated liquidity and order book model
Unlike traditional AMMs, Raydium connects its liquidity pools with the OpenBook order book to improve pricing.

Yield farming and staking
Users can stake RAY or provide liquidity to earn a share of the trading fees, as well as additional yield farming incentives.

Governance participation
RAY holders can vote on key decisions regarding the protocol’s future.

AcceleRaytor Launchpad
Raydium enables new projects on Solana to gain early liquidity through its AcceleRaytor launchpad.

FAQ

What is RAY used for?

RAY has several functions within the Raydium ecosystem:

• Liquidity provider incentives: users who add liquidity to Raydium’s pools can earn a share of the trading fees. Additionally, some pools offer farming incentives, which may be distributed in RAY or other project-specific tokens.
• Staking: users can stake RAY to earn passive income while contributing to the network’s stability.
• Governance: RAY holders can vote on proposals and updates for the protocol.
• Access to AcceleRaytor Launchpad: some projects launched through AcceleRaytor offer exclusive benefits to RAY holders.

How does Raydium work?

Raydium is a high-speed decentralized exchange (DEX) on Solana that operates through AMM liquidity pools and its integration with the OpenBook order book. This supports:

• Liquidity providers: users deposit tokens into liquidity pools to earn trading fees and, in some cases, additional yield farming incentives.
• Traders: users can swap tokens instantly with low slippage and optimal pricing.
• Stakers: users earn rewards in RAY by locking their tokens in staking contracts.
• New projects: with AcceleRaytor, projects can launch on Solana, gain early liquidity, and increase their visibility within the ecosystem.

Can I deposit or withdraw RAY on Bitso?

Currently, RAY can only be bought and sold with Digital Dollars (USDC) on Bitso. Deposits and withdrawals are not available at this time.

How can I buy RAY on Bitso?

Buying RAY is simple:

1. Log into your Bitso app and go to the "Buy/Sell" section.
2. Select Digital Dollars (USDC) as the cryptocurrency you want to use for the purchase.
3. Choose RAY as the token you want to buy.
4. Enter the amount and confirm your transaction.

Important: RAY is only available for conversions within Bitso, meaning you can only buy and sell it with Digital Dollars (USDC), but deposits and withdrawals are not supported.

Disclaimer

This Help Center article is for informational purposes only and does not constitute financial advice. RAY is a DeFi token subject to market volatility and risks. Please conduct your own research (DYOR) and assess your risk tolerance before trading. As always, invest responsibly and stay informed.