> ## Documentation Index
> Fetch the complete documentation index at: https://docs.raydium.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Products

> Quick comparison of Raydium product surfaces and when to use each one.

Raydium is a set of product surfaces built around independent Solana programs and integrations. Start here to choose the right product, then use the product pages for accounts, math, instructions, fees, and code examples.

## Product comparison

| Product            | Market type                                | Token-2022             | OpenBook dependency                                      | When to use                                                                                     |
| ------------------ | ------------------------------------------ | ---------------------- | -------------------------------------------------------- | ----------------------------------------------------------------------------------------------- |
| **AMM v4**         | Constant-product (xy=k)                    | No                     | Inert (originally yes; OpenBook integration deactivated) | Existing pools and integrations that depend on the v4 market layout. New pools default to CPMM. |
| **CPMM**           | Constant-product (xy=k)                    | Yes                    | No                                                       | New constant-product pools. Supports transfer-fee tokens. Lower gas than v4.                    |
| **CLMM**           | Concentrated liquidity (sqrt price, ticks) | Yes                    | No                                                       | Stable pairs, tight-range market making, capital-efficient LP positions.                        |
| **Farm / Staking** | Reward distribution                        | Partial                | No                                                       | Incentivizing LP positions or single-asset staking.                                             |
| **Perps**          | Perpetual futures                          | N/A                    | No                                                       | Leveraged trading through Raydium Perps, powered by Orderly Network.                            |
| **Stable AMM**     | Stablecoin-correlated AMM                  | No                     | Inert AMM v4-style wiring                                | Existing stable pools and integrations; not the default for new pools.                          |
| **AMM Routing**    | Multi-pool routing                         | Depends on routed pool | Depends on routed pool                                   | Composing multiple Raydium AMM pools in one route.                                              |

LaunchLab has its own `Launch tools` tab because token launches need a dedicated user and builder flow.

## Product references

<CardGroup cols={2}>
  <Card title="AMM v4" icon="arrows-rotate" href="/products/amm-v4">
    The original Raydium constant-product AMM. Originally hybrid against OpenBook; that integration has been deactivated, so it operates today as a pure AMM.
  </Card>

  <Card title="CPMM (Standard AMM)" icon="arrows-left-right" href="/products/cpmm">
    Pure constant-product AMM, no orderbook. Supports Token-2022 transfer fees. Recommended for new constant-product pools.
  </Card>

  <Card title="CLMM" icon="chart-line" href="/products/clmm">
    Concentrated-liquidity AMM. Liquidity is provided into price ranges; positions earn fees only when price is in range.
  </Card>

  <Card title="Farm / Staking" icon="wheat-awn" href="/products/farm-staking">
    Reward distribution program for LP tokens and single-asset staking. Supports multiple reward mints and custom schedules.
  </Card>

  <Card title="Perps" icon="arrows-up-down" href="/products/perps">
    Perpetual futures: leverage, order types, collateral, funding, and API integration notes.
  </Card>

  <Card title="Stable AMM" icon="scale-balanced" href="/products/stable">
    Stablecoin-correlated pools and legacy Stable AMM account/instruction references.
  </Card>

  <Card title="AMM Routing" icon="route" href="/products/routing">
    Multi-pool routing account, math, instruction, fee, and code references.
  </Card>
</CardGroup>