Burn & Earn

Burn (permanently lock) CLMM and CPMM (CP-Swap) positions and keep ownership over the LP fees and rewards. The Raydium Fee Key is a transferrable NFT representing a claim to future yield.

For concentrated liquidity pools, this tool is only recommended for full-range positions. Once the LP token is burned, the liquidity provider cannot withdraw or manage his position to rebalance the position in range.

Lock liquidity permanently

Technically, the NFT and LP tokens representing your principal position are locked, not burned. To lock liquidity permanently for a position, follow the steps below:

1) Create a Constant Product Pool or Concentrated liquidity pool with a full-range position.

2) Navigate to the Burn & Earn interface by clicking 'Create' on the liquidity page.

3) Carefully select the position you'd like to lock.

4) Verify the position details including the pool selected, and type the confirmation sentence.

5) Click 'Confirm, lock the liquidity permanently'. You will receive the following NFT (Raydium Fee Key), representing the right to claim yield from trading fees.

Raydium Fee Key

Claiming fees and rewards

The locked position will be accessible on the portfolio page similar to a standard position.

Seeing % of locked asset

The liquidity page will now display the % of burnt liquidity on pools. Data for the locked liquidity is available to users and third parties on the following API link: https://api-v3.raydium.io/docs/#/POOLS/get_pools_info_list

"burnPercent': #

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