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Raydium V3 Major Upgrade: Gradually Farewell to Openbook, Redefining Solana On-Chain DEX

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随机狂魔陈哪吒
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1 year ago
AI summarizes in 5 seconds.

Raydium has made several major updates, including the release of the V3 UI and the new Constant Product Market Maker (CPMM) program. Here are the main updates:

  1. V3 UI Launch
  • Faster Interaction: Almost instant response time.
  • Improved UI Layout: More logical, hierarchical, and concise.
  • Multi-language Support: Added support for 9 languages, including English and Chinese.
  • Asset Panel: Added "My Assets" panel to provide an overview of asset status under the address.
  1. CPMM Program Launch
  • Simplified Pool Creation: The new CPMM program no longer requires an Openbook market ID, making pool creation faster and simpler.
  • Save on SOL Fees: No need to create an Openbook market ID, saving up to 2-3 SOL.
  • Token22 Integration: Supports Solana's Token22 standard, allowing teams to launch constant product AMM pools for their Token22 projects.
  • Anchor Efficiency Optimization: The CPMM program has been optimized within the Anchor framework to improve efficiency.
  • Built-in Price Oracle: Provides reliable pool price history records.
  • Retained Features: Users can still set trading open times, LP tokens can be burned to lock liquidity, or injected into ecological farms.
  1. Security
  • Security Audit: The CPMM program has passed the security audit by MadShield.
  • Bug Bounty Program: The CPMM program is part of the Raydium Immunefi bug bounty program, ensuring ongoing security.

These updates significantly enhance the user experience and functionality of the Raydium platform, making the creation and management of liquidity pools more efficient and economical, while also improving security.

Original link: Raydium

This article is translated bySlerfTools, please indicate the source for reproduction.

SlerfTools_ is a toolbox designed for Solana, dedicated to simplifying blockchain operations, providing a non-programmatic visual interface, making complex processes such as issuing tokens, managing liquidity, and creating Dapps without code safe and simple.

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