Raydium Crypto Economy Design Analysis Report Raydium is a non-custodial DeFi protocol that provides swaps, liquidity pools, concentrated liquidity positions, token launches, and farming/staking on Solana. The official documentation describes Raydium as a set of Solana on-chain programs covering AMM v4, CPMM, CLMM, Farm/Staking, LaunchLab, Perps, and API/SDK. Raydium Docs states that OpenBook integration in AMM v4 is currently disabled, and CPMM is recommended for new pools. (Raydium Docs) 1. AMM v4 on-chain state mapping: Existence. Sharing is disabled and operates based on the AMM path. Function: Provides swap, LP fee accumulation, and withdrawal functions for legacy high-liquidity pairs. 2.
Investment View
Fee-dependent risk RAY buyback and treasury revenue depend on trading volume. If trading volume decreases, LP profits, buyback, and treasury may weaken simultaneously. 3. LP loss risk AMM·CLMM LP bears the risk of impermanent loss, range departure, long-tail token volatility, and TVL departure after compensation ends. 4. Product complexity risk As AMM v4, CPMM, CLMM, Farm, LaunchLab, and Routing coexist, integrators and users must verify the correct program ID, fee denominator, Token-2022 processing, and pool config. 5.
Source PDF
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Report Type
Crypto Economy Analysis
Version
v1
Analysis Date
May 27, 2026
Language
en
Disclaimer: This report is generated through AI-powered analysis and market data. This is not investment advice. All investment decisions should be made at your own risk.