Raydium Ecosystem Farms Decentralized Liquidity on Solana

Published on: 09.07.2022
Raydium Ecosystem Farms

Raydium, an on-chain order book AMM powering the evolution of DeFi, is thrilled to announce its further action toward decentralized, ecosystem-wide liquidity on Solana: Ecosystem Farms!

Raydium Ecosystem Farms is the next step towards decentralized ecosystem-wide liquidity on Solana.

About Ecosystem Farms

Ecosystem Farms advance the frontiers of decentralized liquidity on Solana by enabling any project team or user to create a farm and bootstrap liquidity by offering reward emissions on any pool!

Raydium has set out to drive ecosystem-wide liquidity from its Day One integration with Serum’s central limit order book. On the next leg of this quest, Raydium became the first Solana-based AMM that allowed any DeFi user to create a liquidity pool for any token pair, permissionlessly.

Ecosystem Farms are now the next big step on the journey and help to further drive liquidity on Solana! Teams across the Solana ecosystem now have the ability to bootstrap liquidity in a decentralized manner. While having control and flexibility over when to launch a farm. However, the amount of rewards emitted for incentives, and the length of the farming period.

Raydium is excited for teams to have the ability to drive liquidity for their communities through Ecosystem Farms. By doing so, liquidity providers will be rewarded for creating deeper liquidity on Raydium. While users will see better prices when swapping and a fuller order book when trading on any Serum GUI.

About Raydium

Raydium is an AMM built on the Solana blockchain. Which leverages the central order book of the Serum DEX to enable lightning-fast trades, shared liquidity and new features for earning yield.

Website Twitter

SOURCE

https://raydium.medium.com/raydium-ecosystem-farms-d854d7f6080b

Market Stats:
BTC Dominance: 38.31%(+0.00%/24h)
ETH Dominance: 18.07%(-0.11%/24h)
Defi Market Cap: $37.55B(+15.59%/24h)
Total Market Cap: $856.4B(-0.10%/24h)
Total Trading Volume 24h: $40.08B(+24.07%/24h)
ETH Market Cap: $152.36B
Defi to ETH Ratio: 24.64%
Defi Dominance: 4.2%
Altcoin Market Cap: $528.33B
Altcoin Volume 24h: $18.33B
Total Cryptocurrencies: 21944
Active Cryptocurrencies: 8975
Active Market Pairs: 58598
Active Exchanges: 528
Total Exchanges: 4368