RAY Buybacks

A small trading fee is taken for every swap in a pool on Raydium. Depending on the specific fee of a given pool, this fee is split and goes to incentivizing liquidity providers, RAY buybacks and to the treasury. In summary, 12% of all trading fees go to buying back RAY regardless of a given pool's fee tier.

Standard AMM (OpenBook) pools: For every swap in a standard AMM pool, a fee of 25bps is taken on the trade. From that, 22bps goes to LPs in the pool and 3 bps goes to RAY buybacks.

Concentrated liquidity (CLMM) pools: The trading fee for each CLMM pool is set to one of four fee tiers; 100bps, 25bps, 5bps, or 1bp. Liquidity providers earn 84% of the trading fee for every swap in the pool, while 12% of fees are allocated to RAY buybacks and the final 4% to the treasury.

CP-Swap (CPMM) pools: Similar to CLMM pools, liquidity providers earn 84% of the trading fee for every swap in the pool, while 12% of fees are allocated to RAY buybacks and the final 4% to treasury.

Trading fees that are allocated to buybacks are automatically claimed when the value reaches $10 and transferred to intermediary wallets to programmatically buy RAY.

Fees collected are transferred to the following addresses and used to buy RAY:

Standard AMM (OpenBook, AMMv4) pools: PNLCQcVCD26aC7ZWgRyr5ptfaR7bBrWdTFgRWwu2tvF

Concentrated Liquidity (CLMM) pools: projjosVCPQH49d5em7VYS7fJZzaqKixqKtus7yk416

CP-Swap (CPMM) pools: ProCXqRcXJjoUd1RNoo28bSizAA6EEqt9wURZYPDc5u

Bought back RAY is then transferred to DdHDoz94o2WJmD9myRobHCwtx1bESpHTd4SSPe6VEZaz USDC fees for treasury:

CLMM pools; FundHfY8oo8J9KYGyfXFFuQCHe7Z1VBNmsj84eMcdYs4

CP-Swap pools: FUNDduJTA7XcckKHKfAoEnnhuSud2JUCUZv6opWEjrBU

A comprehensive Raydium Dashboard with additional data on buybacks can be found at: https://analytics.topledger.xyz/raydium/public/dashboards/dmOdxtVTiAMZQL6A2OqgA5pgZXKnBfcJyxEAYmBk?p_Date%20Type=Day