what's Raydium?
Raydium is a decentralized exchange (DEX) on the Solana blockchain, operating as an automated market maker (AMM) and serum-integrated liquidity provider. It enables token swaps, perpetuals trading, and yield farming through liquidity provision across multiple pool types including Concentrated Liquidity Market Maker (CLMM) for efficient capital concentration, Constant Product Market Maker (CPMM) compatible with Token-2022, and legacy AMM v4 pools. Raydium's architecture provides on-chain liquidity to central limit orderbooks like OpenBook, granting LPs access to Serum's order flow for enhanced efficiency. LaunchLab offers bonding curve-based token launches with automatic graduation to Raydium pools and burned LP tokens. The RAY token incentivizes liquidity, governance, and ecosystem participation. As Solana's most integrated liquidity layer since 2021, it supports permissionless pool creation, smart routing, and tools like permanent liquidity locking via Burn & Earn, powering DeFi evolution with low-cost, high-speed transactions.
Raydium integrated PigeonHouse; new tokens get CPMM pools, fees burn PIGEON automatically.
contract
solana
Integrated with PigeonHouse so that every token graduating from PigeonHouse receives a Raydium CPMM pool that collects creator fees and routes them to PIGEON token burns automatically every 15 minutes.