Raydium Blog Updates

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  • Raydium Blog Updates

     solbot updated 9 hours, 41 minutes ago 1 Member · 7 Posts
  • solhack

    Organizer
    April 21, 2021 at 1:08 pm

    Raydium Blog Updates

  • solbot

    Member
    February 20, 2021 at 1:44 am

    The Raydium Protocol 🧬

    Raydium is an on-chain order book AMM powering the evolution of DeFi

    In less than a year, we’ve seen Decentralized Finance (DeFi) grow from a buzz word to an entire ecosystem that is setting new standards for personal financial autonomy and trust. DeFi embodies everything that decentralization and cryptocurrency is about. It allows everyone to access tools that have traditionally been the domain of large banks, corporations, venture funds and trading firms, without sacrificing autonomy.

    Ethereum brought decentralized trading, lending, and yield earning to anyone with an internet connection. Furthermore, it did that while ensuring transparency, interoperability, and immutability through the blockchain. However, the current state of DeFi is far from perfect.

    Legacy Blockchains are not Ready for DeFi

    While DeFi holds enormous opportunity, it is very much limited by outdated blockchains.

    • 💾 DeFi transactions are expensive
      In a short time, we have seen gas fees jump to a level that completely wipes out potential earnings. Slow transactions exacerbate this as users bid up the price of gas, with failed transactions multiplying losses. As interacting with DeFi becomes prohibitively expensive, we are once again seeing common users left behind.
    • đŸ§© Market fragmentation
      The nature of automated market makers (AMMs) on Ethereum means that liquidity is fragmented, and liquidity pools on one protocol are walled off from those on others. Without any central order book to aggregate across pools, competition by AMMs for liquidity is intense and users see no benefit from liquidity held on other platforms. This will also be true for shard-based blockchains, like eth2 and Polkadot.
    • 🧼 Features are limited
      Many trading features considered standard on centralized exchanges, like limit orders, are difficult to implement efficiently on Ethereum decentralized exchanges (DEX) due to slow transaction speeds and prohibitively high gas fees.

    💡 The Vision for a New Industry Standard

    In the DeFi summer of 2020, Serum launched a decentralized exchange with an on-chain order book. This order book was built on Solana, a high speed blockchain with extremely low transaction costs. This new paradigm presented a massive opportunity to solve the biggest issues in DeFi, by building a fast, efficient AMM that could leverage the existing Serum order flow as well as supply the liquidity in its own pools to the rest of the ecosystem.

    With this in mind, our team got to work, and Raydium was born.

    🧬 The Raydium Protocol: An Ecosystem Sustaining AMM

    Unlike other AMM platforms, Raydium provides on-chain liquidity to a central limit order book, meaning that Raydium’s users and liquidity pools have access to the order flow and liquidity of the entire Serum ecosystem, and vice versa. All of this is supercharged by building on Solana, an incredibly fast and efficient blockchain.

    Raydium currently uses constant function K = Y*X. This equation has the special property that it is stateless and given any two tokens, without any information about their relative prices or value, it can provide “infinite” liquidity to traders. Raydium utilizes this equation and prices orders on the order book according to the Fibonacci sequence to provide up to 20 orders at a variety of prices with spreads as small as 20bps between them. This is an optimized solution to fit the exchange instructions onto a single Solana transaction. In the future, it’s expected that other liquidity providing models will be employed to take advantage of oracles and increased liquidity usage.

    Additionally, liquidity providers will be able to generate rewards from trading fees for contributing. Key pools will be incentivized with RAY tokens as farming rewards. Projects that want to reward users for providing liquidity can also add additional reward tokens. When new projects launch, they can utilize Raydium to create a new trading market and provide immediate liquidity to it. This way projects can get up and running and give traders a chance to effortlessly buy in.

    đŸ—ș What’s ahead for Raydium?

    The Raydium team has more than two decades of combined experience in market making, arbitrage, and high frequency trading across cryptocurrency and traditional markets. The team began building Raydium in the summer of 2020.

    Q4 2020

    • Ideation and project scope
    • Development of the protocol and iteration on testnet

    Q1 2021

    • Development of liquidity pools and staking completed, mainnet launched
    • Website and platform launch
    • Development of cross-chain swap

    Q2 2021

    • Research on additional market making models and features in partnership with other protocols

    Q3 2021

    • Leverage of external oracles for improved market making
    • Governance model ideation in collaboration with partners

    🐛 Evolution is Imminent

    As Raydium progresses as a foundation for liquidity on Serum, it aims to partner with other DeFi and AMM communities and provide support to build out their products on Solana. This will bring both additional liquidity and faster, more efficient DeFi protocols to the ecosystem.

    With the addition of external oracles, Raydium will be able to incorporate additional flexibility and functions for future versions and features. In addition, several newly-launched borrow/lending protocols on Serum could give Raydium the ability to add margin trading, unlocking even more liquidity from on-chain assets.

    Raydium offers an avenue for evolution, where projects and individuals can swiftly enter the Solana and Serum universe to leverage its distinct advantages in speed and efficiency. Faster transactions, significantly lower fees, and ecosystem-wide liquidity are essential if the people, projects, and protocols of DeFi are to evolve. We hope to see you on the other side.

    If you want to know more about Raydium, check out our website, follow us on Twitter, and join our Telegram to get in on the conversation.

    Go to Source
    Author: Raydium

  • solbot

    Member
    March 21, 2021 at 2:53 pm

    The fusion of Raydium and partner projects, further driving the expansion of the ecosystem

    It’s only been a month since the launch of Raydium, but things have moved pretty quick. A huge thanks to the community for all of the support so far. Here’s a peek at what’s next for Raydium, and the entire Solana and Serum ecosystem, as we continue to ramp up!

    The Launch of Fusion Pools

    You may have seen that we’re launching some new pools soon. We’re excited for the projects that we’ve partnered with on these pools; they’re all top quality projects with ambitious teams. But we’re also looking forward to what they represent; the initial fusion of Raydium and quickly emerging partner projects and the continued expansion of the Solana and Serum ecosystem.

    While the first round of LPs and farms launched on Raydium allowed the platform to kick-off and get started, Fusion Pools are a step further towards driving ecosystem-wide liquidity and enabling projects to grow. In the coming months, Raydium will be working to link up with more burgeoning projects and further expand community reach. The timing and incentives for Fusion Pools will be aligned in collaboration with partner projects, meaning some pools may represent longer or shorter term opportunities depending on the project. The speed, dedication and innovation of the ecosystem has us bullish that even more projects will soon be leveraging the advantages of Solana and Raydium to create some serious fusion.

    There’s also another big reason we can’t wait to launch these pools, and we’ll get to that next, but first let’s learn a bit about the projects that are joining us on Raydium:

    Bonfida (FIDA) is a decentralized, non-custodial exchange that is built on the open-source Serum trading protocol and powered by the Solana blockchain. It provides a full product suite that bridges the gap between Serum, Solana, and the growing user base that is actively trading on the Serum DEX. Bonfida is also a valued partner of Raydium that has offered significant support up to and following our launch.

    Kin (KIN) empowers apps and services to reward participants by creating engaging experiences that drive adoption of the Kin cryptocurrency. With millions of active users, Kin aims to reshape how digital services share economic benefits across an ecosystem. Kin gives app developers, content creators, and users a new way to earn real value from their contributions to the shared digital space. By joining the Solana ecosystem, Kin enables its community to take advantage of unrivaled speed and scalability.

    Maps.me (MAPS) is the number one offline mapping and travel app with nine years of history and 140 million downloads. Maps.me 2.0 integrates a DeFi and financial services platform along with its immersive map experience and embedded digital wallet. With the wallet, users are able to access DeFi features to earn yield through Solana, book hotels, exchange currencies, and much more. The blazing fast transactions and throughput of Solana and Serum are a necessity for supporting real-time mapping, payments, and investing for the massive Maps.me userbase.

    Oxygen (OXY) is a permissionless DeFi prime brokerage service built to support 100s of millions of users while democratizing borrowing, lending, and trading with leverage. With Oxygen, you can earn yield, borrow from peers, and trade directly from pools and with leverage against a portfolio of assets. The vision is to offer all the services traditionally provided by investment banks, and make them accessible to everyone while maintaining full trustlessness. Solana’s unparalleled speed and Serum’s on-chain order book are at the core of Oxygen protocol, enabling the matching of borrowing and lending orders.

    Get Ready for Dual Yield

    In addition to the great projects, let’s get back to the other big reason we’re anticipating this launch, or maybe two reasons depending on how you look at it; dual yield. The Fusion pools for these four projects will be the first to offer dual yield rewards for liquidity providers and stakers. That means you’ll receive farming rewards in both RAY, as well as the project token for the pool you’re staking. While future Fusion pools will not necessarily all have dual yield rewards, Raydium aims to offer this feature on pools where feasible. We probably don’t need to go into much more detail about why this is exciting, other than that we see it as an amazing opportunity to benefit both partner and Raydium communities.

    So now, with Bonfida, Kin, Maps.me and Oxygen leading the way for Fusion pools, Raydium continues on the path towards growing the ecosystem, providing even greater liquidity, and as a pretty solid bonus, launching with dual yield.

    Fusion pools are scheduled to go live early in the week of March 22nd.

    Follow us on Twitter: https://twitter.com/RaydiumProtocol

    Join the discussion on Discord: discord.gg/6EvFwvCfpx

    Go to Source
    Author: Raydium

  • solbot

    Member
    March 27, 2021 at 8:55 am

    Project Raydiate 1.0

    PROJECT RAYDIATE — Community Challenge & RAYgional Ambassadors

    Participate in Raydium’s Community Challenges below, earn points, and get on the Raydiate leaderboard!

    By participating in the Raydium community, and being an active community member, you could be one of the winners of a prize pool of $RAY.

    Community Challenge

    Join our Raydium’s Little League Challenges. To participate, fill out the submission form here as you complete the challenges and earn points to get on our leaderboard!

    1. Follow Raydium on Twitter (50 pts)
    2. Like and Retweet this tweet and tag 2 friends in the replies (50 pts)
    3. Raycreator (200 pts, max 1 submission per week, up to 2400 pts)
      Inspired to create content? Create a unique and original Raydium art, posters, stickers, gifs, memes, comic strips or infographics related to Raydium’s liquidity, friction-less yield, and light-speed swaps and usage of Raydium. If you’d like some inspiration, check out raydium.io.
      a) Share your submission on Twitter,
      b) Tag @raydiumprotocol on twitter,
      c) Include the hashtag #raydium #communitychallenge #raydiate. Assets are available for download here.
      Don’t forget to share your submissions in our Discord/TG. We’re looking for originality and quality submissions!
    4. Share your content (art, posters, stickers, gifs, memes, comic strips, infographics) to subreddits or public telegram channels not affiliated with Raydium to earn extra points (50pts, up to 4 content in total for the entire campaign)
      Be sure to:
      a) Share your submission on Twitter,
      b) Tag @raydiumprotocol on twitter,
      c) Include the hashtag #raydium #communitychallenge #raydiate.
      Don’t forget to share your submissions in our Discord/TG. We’re looking for originality and quality submissions! Be sure to include links to these in the submission form.
    5. Next level content creator? Are you more familiar with creating videos? Here’s a chance for you to get creative. Create a short, 3–5 minute video explaining more about Raydium and what you love about Raydium and our community.
      When you’re done, upload your video to YouTube. Make sure to include the links to https://raydium.io/ and https://t.me/raydiumprotocol in the description, and include Raydium in the title. (1000pts, max 1 submission per month, up to 3000pts)
    6. Telegram DP Support and Display Name (total 100pts)
      In solidarity with Raydium, change your Telegram DP to the Raydium Logo (50pts), and add ($RAY) to your Display Name till the end of the campaign. (50 pts)
      Be sure to fill in your Telegram ID (@username) using the submission form.
    7. Referrals on Telegram (10 pts per referral, up to 500 pts maximum)
      Step 1: Fill in your Telegram ID (@example) using the submission form.
      Step 2: Message @petrock__bot on Telegram (https://t.me/petrock_bot) and use the command /start.
      Step 3: Click on Raydium’s Telegram channel for the main Raydium group link.
      Step 4: Bot will generate you a special link that you can share with other people
      Step 5: Bot will rank top referees

    PLEASE TAKE NOTE: In order to update your weekly entries, please make sure to edit your original form submission using the link that will be sent to your email. We will not accept duplicate entries. Submissions will be vetted and checked for quality.

    RAYGIONAL AMBASSADORS

    As a global community based around the world we want to be inclusive, and thus we’re also looking for RAYgional Ambassadors.

    To apply to be a RAYgional Ambassador, please fill up the form here.

    As a RAYgional Ambassador, stand to earn $RAY tokens monthly for your contribution. RAYgional ambassadors will be invited to an exclusive Raydiators group with direct access to the Raydium team.

    Requirements

    1. Engage the local community on discord / other appropriate channels.
    2. Support in translating documentation and website. Translate announcements, articles sent out by the team within 24 hours.
    3. Introduce influencers/network to Raydium and participate in our discussions in global channels.
    4. Ambassadors stand to earn anywhere from 30–60 $RAY tokens per month for engaging their communities, subject to review from our internal team.

    For outstanding ambassadors, we’re happy to explore long term opportunities with you as our local representative and to explore growth opportunities for you with Raydium. Want to take part? Sign up here!

    Go to Source
    Author: Raydium

  • solbot

    Member
    April 9, 2021 at 4:42 pm

    Accelerating the growth of the Solana ecosystem

    It has been incredible to see the massive influx of people and projects joining the Solana ecosystem in the span of a few short months. At Raydium we’ve been having great discussions with other teams that are building amazing things at breakneck speed. We’re excited for all of the potential we’re seeing and the opportunity to be a part of it.

    Our vision for Raydium has always been to play a key role in driving liquidity and expanding the ecosystem. With so many talented teams emerging, there’s an opportunity to really accelerate project growth through enabling teams to raise funds, drive awareness, and launch an Initial DEX Offering (IDO) all in a streamlined, end-to-end process.

    Now presenting
 AcceleRaytor!

    We are excited to announce the upcoming launch of AcceleRaytor — an initiative by Raydium to spearhead the growth of the Solana Ecosystem.

    AcceleRaytor will serve as a launchpad for the latest Solana projects to raise capital and drive initial liquidity in a decentralized and interoperable manner, while enabling both project and Raydium communities to participate in carefully curated and vetted token offerings.

    Participation & Pool structure

    Initially, there will be two types of pools available for each AcceleRaytor launch project; Community Pools and RAY Pools. This two tiered approach is meant to provide the wider community open access to early stage projects while also rewarding the support of the Raydium community.

    1) Community Pools are meant to be open to the wider community. While participation and eligibility may depend on project requirements, the purpose is to make these open to the ecosystem regardless of whether or not you’ve ever used Raydium.

    2) RAY Pools will be open to users who stake RAY tokens on the Raydium platform. To qualify, participants will need to have a minimum number of RAY staked in the RAY staking pool on Raydium. Snapshots will be taken starting 7 days from the opening of a pool and continue until the pool opens. The minimum staking amount for the first batch of AcceleRaytor projects will be 20 RAY, however this may change in the future. Similar to the Community Pool, participation and eligibility may depend on project requirements.

    Token allocations for eligible participants will be aligned for each project, however we aim for launches to provide allocations for as many participants as possible. Methods may differ between projects, but the two primary allocation models are:

    1) Guaranteed proportional model: All participants who contribute within the open time period of the pool receive an allocation proportional to their contributed funds as a percentage of total funds contributed. In the case that total funds exceed the max cap of the pool, additional funds will be returned.

    2) First come first serve model: All participants are able to contribute until the pool reaches the total max cap for funds.

    The majority of pools will have a maximum allocation per participant.

    The next step: IDO launch & LP rewards

    In addition to allowing projects to raise funds through AcceleRaytor, Raydium will work alongside the project teams to launch a successful IDO through Raydium liquidity pools. The ability to quickly and efficiently launch allows the community to begin providing liquidity and trading the project token very shortly after Community and RAY pools are complete. Projects are also able to offer LP farming rewards for liquidity providers immediately after the token IDOs on Raydium.

    Imagine getting into an early stage project at a presale price, then being able to trade or stake your tokens for even more rewards almost immediately!

    Future Momentum

    The AcceleRaytor system, which includes the Community and RAY pool process, will allow projects to accelerate their reach and pace of development, while the potential to quickly IDO and offer LP rewards opens up even greater opportunity for the entire project community. While each launch may look a bit different and structure will be refined as we move forward, we’ll be working hard alongside our partner projects to drive the acceleration of the entire ecosystem!

    Announcements on the first AcceleRaytor launch are coming soon! Make sure to follow official Raydium accounts below for updates.

    Join the discussion on Discord: discord.gg/6EvFwvCfpx

    Follow us on Twitter: https://twitter.com/RaydiumProtocol

    Go to Source
    Author: Raydium

  • solbot

    Member
    April 21, 2021 at 2:19 pm

    A privacy-first CDN allowing decentralized P2P content delivery

    We’re excited to announce that on April 29th, Media Network will become Raydium’s first AcceleRaytor launch! Media Network is a privacy-first CDN allowing decentralized P2P content delivery.

    This article will cover the two parts of the AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.

    1. MEDIA AcceleRaytor Public Raise details:

    Total tokens for the raise: 100,000 MEDIA (1% of total MEDIA supply)

    Token fixed price: 10 USDC for 1 MEDIA

    Total raise: 1,000,000 USDC (50% RAY pool / 50% Community Pool)

    Pools open: 9PM GMT+8 on April 29th, 2021

    Pools close: 9AM GMT+8 on April 30th, 2021

    Open period of the pools: 12 hours

    Eligibility and Pool Details:

    There are two types of pools available for the MEDIA raise, the RAY pool and the Community Pool.

    RAY Pool:

    • Eligibility: Users must have a minimum of 20 RAY staked in RAY single-sided staking at least 7 days prior to pools opening. Snapshots will be taken starting from the 7-day deadline below and continue until the pool opens. Staking 20 RAY makes you eligible for the maximum allocation.
    • 7-day staking deadline: 9PM GMT+8 on April 22nd, 2021
    • Total tokens: 50,000 MEDIA, unlocked
    • Total raise: 500,000 USDC
    • Minimum allocation: 50 USDC
    • Maximum allocation: 600 USDC
    • RAY Pool participants are also eligible for an allocation in the Community Pool

    Community Pool:

    • Eligibility: All users are eligible to participate, including RAY Pool participants.
    • Total tokens: 50,000 MEDIA, unlocked
    • Total raise: 500,000 USDC
    • Minimum allocation: 50 USDC
    • Maximum allocation: 450 USDC

    How Does it Work?

    Guaranteed proportional fixed price model: Participants are able to deposit any amount between the min and max allocation during the open period for the pools. Pools can be oversubscribed, meaning that once the total raise is met, participants are still able to contribute funds to the pool. The token price is fixed and will not change no matter how much is subscribed. When pools close, there are two scenarios which determine final allocation:

    1. Upon closing, the total amount contributed to the pools is at or below the total raise amount: Participants will receive the exact allocation that they contributed to the pools. (User Allocation = User Amount Contributed)
    2. Upon closing, the pools are oversubscribed and the total amount contributed is above the total raise amount: Participants will receive an allocation proportional to their contributed funds as a percentage of total funds contributed. Remaining funds will be returned when the user claims their tokens. (User Allocation = (User Amount Contributed/Total Amount Contributed to the Pool)*Total Tokens in the Pool)
    • Example: Alice deposits 450 USDC (at max allocation) into the Community Pool. After the pool is closed, the total contributions to the pool will be summed. Suppose that there is 1,000,000 USDC in the Community Pool, meaning that it is oversubscribed by twice the total raise amount (500K USDC). Alice’s subscription is equal to 0.045% of the pool (450 USDC contribution divided by 1,000,000 USDC in the Community Pool). This means Alice will receive 0.045% of the 50,000 MEDIA tokens in the pool (22.5 MEDIA) at a total cost of 225 USDC (10 USDC per MEDIA). The remaining 225 USDC will also be returned to Alice when she claims her tokens.

    Participants will be able to claim MEDIA token allocations at the same time as the MEDIA IDO launch.

    2. MEDIA IDO on Raydium:

    Tokens for IDO LP liquidity: 50,000 MEDIA (0.5% of total MEDIA supply)

    Token starting price: 10 USDC for 1 MEDIA

    IDO Launch time: Approx 9PM GMT+8, April 30th (Approx 12 hrs after AcceleRaytor Public Raise close)

    How does it work?

    • Raydium will launch a MEDIA-USDC liquidity pool (LP) at approximately 9PM GMT+8, April 30th (12 hrs after the close of the AcceleRaytor Public Raise pools). The LP will then be live for trading.
    • Participants in the AcceleRaytor raise pools will also be able to claim their tokens at the same time the MEDIA-USDC LP launches.

    Fusion Pool — Provide liquidity to earn MEDIA rewards

    • Users will also be able to add liquidity to MEDIA-USDC LP and then stake LP tokens to earn yield on the Fusion Pools page. Rewards will be in MEDIA tokens.
    • Reward emissions on the Fusion pool will begin approximately 30 minutes after the MEDIA-USDC LP launches, to give users time to add liquidity and stake in the Fusion pool for MEDIA yield farming.

    What is Media Network?

    Media Network is a new protocol that bypasses traditional CDN providers’ centralized approach for a self-governed and open source solution where everyone can participate. Media Network creates a distributed bandwidth market that enables service providers such as media platforms to hire resources from the network and dynamically come and go as the demand for last-mile data delivery shifts. It allows anyone to organically serve content without introducing any trust assumptions or pre-authentication requirements. Participants earn MEDIA rewards for their bandwidth contributions, a fixed supply SPL token minted on Solana’s Blockchain.

    Make sure to follow official Raydium accounts below for updates!

    CAUTION!

    No MEDIA tokens are currently in circulation, anything suggesting otherwise is a scam! Be careful out there and always check token addresses!

    Token Addresses:

    • Solana — SPL: ETAtLmCmsoiEEKfNrHKJ2kYy3MoABhU6NQvpSfij5tDs
    • Ethereum — ERC20: 0xdb726152680ece3c9291f1016f1d36f3995f6941

    Legal Disclaimer: Persons located in or residents of the United States, North Korea, Iran, Venezuela or any other jurisdiction in which it is prohibited from using any of the services offered on the Raydium website, including AcceleRaytor, (the ”Prohibited Jurisdictions”) are not permitted to make use of these services. For the avoidance of doubt, the foregoing restrictions on any of the services offered on the Raydium website from Prohibited Jurisdictions applies equally to residents and citizens of other nations while located in a Prohibited Jurisdiction.

    Go to Source
    Author: Raydium

  • solbot

    Member
    May 8, 2021 at 3:14 pm

    Building Dynamic Vaults for Stable Assets

    We’re excited to announce that on May 19, Mercurial Finance will be launching on AcceleRaytor!

    Mercurial is building dynamic market making vaults, providing low slippage swaps for stables, while also improving liquidity pool profits with dynamic fees and flexible capital allocation.

    This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.

    1. MER AcceleRaytor Public Raise details:

    Total tokens for the raise: 2,000,000 MER (0.2% of total MER supply)

    Token fixed price: 0.125 USDC for 1 MER

    Total raise: 250,000 USDC

    Pools open: May 19, 12:00 UTC

    Pools close: May 19, 16:00 UTC

    Open period of the pools: 4 hours

    Eligibility and pool details:

    There are two pools available for the Mercurial raise: The RAY50 Pool and RAY500 Pool.

    RAY50 Pool:

    • Eligibility: Users must have a minimum of 50 RAY staked in RAY single-sided staking at least 7 days prior to pools opening. Snapshots will be taken starting from the 7-day deadline below and continue until the pool opens.
    • 7-day staking deadline: May 12, 12:00 UTC
    • Total tokens: 1,000,000 MER, unlocked
    • Total raise: 125,000 USDC
    • Maximum allocation: 200 USDC

    RAY500 Pool:

    • Eligibility: Users must have a minimum of 500 RAY staked in RAY single-sided staking at least 7 days prior to pools opening. Snapshots will be taken starting from the 7-day deadline below and continue until the pool opens.
    • 7-day staking deadline: May 12, 12:00 UTC
    • Total tokens: 1,000,000 MER, unlocked
    • Total raise: 125,000 USDC
    • Maximum allocation: 600 USDC
    • RAY500 Pool participants are also eligible for an allocation in the RAY50 Pool.

    How does it work?

    Guaranteed proportional fixed price model: Participants are able to deposit any amount between the min and max allocation during the open period for the pools. Pools can be oversubscribed, meaning that once the total raise is met, participants are still able to contribute funds to the pool. The token price will not change no matter how much is subscribed. When pools close, there are two scenarios which determine final allocation:

    1. Upon closing, pools are at or below the total raise amount: Participants will receive the exact allocation that they contributed to the pools.
    2. Upon closing, pools are oversubscribed and above the total raise amount: Participants will receive an allocation proportional to their contributed funds as a percentage of total funds contributed.
    • Example: Alice deposits 200 USDC (max allocation) into the RAY50 Pool. After the pool is closed, the total subscriptions in the pool will be summed. Suppose that there is 250,000 USDC in the RAY50 Pool meaning that it is oversubscribed by twice the size. Alice’s subscription is equal to 0.08% of the pool (200 USDC contribution divided by 250,000 USDC in the RAY50 Pool). This means Alice will receive 0.08% of the MER tokens in the pool (800 MER) at a cost of 0.125 USDC each (100 USD total). The remaining 100 USDC will also be returned to Alice when she claims her tokens.

    Participants will be able to claim their MER token allocations at approximately the same time as the MER IDO on May 20.

    2. MER IDO on Raydium:

    Token starting price: 0.125 USDC for 1 MER

    IDO Launch time: May 20, UTC. Exact time is yet to be announced.

    How does it work?

    • Raydium will launch a MER-USDC liquidity pool (LP) on May 20, which will then be live for trading. Exact time is yet to be announced.
    • Participants in the AcceleRaytor raise pools will also be able to claim their tokens at approximately the same time that the MER-USDC LP launches.

    Fusion Pool — Provide liquidity to earn MER rewards

    • Users will also be able to add liquidity to MER-USDC LP and then stake LP tokens to earn yield on the Fusion Pools page. Rewards will be in MER tokens.
    • Reward emissions on the Fusion pool will begin approximately 30 minutes after the MER-USDC LP launches, to give users time to add liquidity and stake in the Fusion pool for MER yield farming.

    What is Mercurial Finance?

    Mercurial vaults are market making vaults providing low slippage swaps for stables, while also improving LP profits with dynamic fees and flexible capital allocation.

    The team is designing Mercurial Vaults to have the following key features:

    • Low slippage swaps for stable pairs and forex pairs
    • Dynamic fees that leverage market conditions to improve LP profits
    • Flexible allocation to external platforms like lending protocols to earn additional interest and yield

    Mercurial’s focus will be on stable coins as they represent a major part of the DeFi demand across synthetic assets creation, swapping, and lending. Robust availability of stablecoin liquidity is crucial to any DeFi ecosystem.

    Make sure to follow official Raydium accounts below for updates.

    Persons located in or residents of the United States, North Korea, Iran, Venezuela or any other jurisdiction in which it is prohibited from using any of the services offered on the Raydium website, including AcceleRaytor, (the ”Prohibited Jurisdictions”) are not permitted to make use of these services. For the avoidance of doubt, the foregoing restrictions on any of the services offered on the Raydium website from Prohibited Jurisdictions applies equally to residents and citizens of other nations while located in a Prohibited Jurisdiction.

    Go to Source
    Author: Raydium

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