Raydium is an automatic market maker (AMM) integrated with Serum DEX on the Solana Blockchain. Users can earn RAY coins by providing assets to liquidity pools and stake these tokens for additional rewards. Raydium also supports capital raising for new projects in the Solana ecosystem through the AcceleRaytor platform. This article explores the nature of Raydium (RAY) and how to purchase Raydium (RAY) with TRY.

Raydium (RAY) Overview

Raydium, a decentralized finance (DeFi) protocol built on the Solana Blockchain, serves as an AMM. By integrating liquidity pools with the decentralized exchange (DEX) Serum, Raydium enhances the trading of digital assets. This integration allows Raydium to combine the flexibility of AMMs with the reliability of traditional order book mechanisms, enabling fast, liquid, and low-cost trading.

As an AMM, Raydium facilitates the permissionless trading of digital assets through liquidity pools. These pools are funded by liquidity providers who lock their assets into smart contracts, which then serve as trading pairs on the DEX. In return for providing liquidity, users receive rewards in RAY tokens from Raydium, which can be staked for additional rewards.

Unlike traditional exchanges that use centralized order books to match buy and sell orders, the DEX supported by Raydium, Serum, employs smart contracts to manage this process. On one side of the order book are buy orders showing the quantity and price of assets participants wish to purchase. On the other side are sell orders detailing the quantity and price of assets available for sale.

Raydium utilizes liquidity pools instead of order books to facilitate transactions. These pools, supplied by liquidity providers, act as counterparties for buy and sell orders, enabling decentralized trading. This method, popularized by platforms like Uniswap on Ethereum, was chosen by Raydium for Solana due to lower fees, quicker transaction times, and enhanced liquidity management compared to Ethereum-based AMMs.

The integration of Raydium with Serum's order book enables a hybrid trading model that benefits from both liquidity pools and order books. When users contribute to Raydium's liquidity pools, their tokens are converted into limit orders on Serum's order book for trading. By comparing prices between AMMs and Serum's order book, Raydium facilitates cost-effective transactions.

In addition to its core trading functions, Raydium offers additional features such as dual reward farming, allowing liquidity providers to earn extra rewards from LP tokens. Users can also stake RAY coins to earn rewards from transaction fees. Raydium has introduced AcceleRaytor, a launchpad to assist new projects in fundraising and growth within the Solana ecosystem.

Purchasing Raydium (RAY) with TRY

Binance TR is the most suitable cryptocurrency exchange for investors in Turkey looking to buy Raydium (RAY). With a quick account creation process, Binance TR allows the trading of over 100 cryptocurrencies, including RAY with TRY. Follow the steps below to purchase Raydium (RAY) with TRY on Binance TR.

Opening an Account on Binance TR

Creating an account on Binance TR is straightforward. Visit the trbinance.com website and proceed with the "Create an Account" step. In the initial account creation stage, you will be required to enter basic information such as email address, phone number, full name, date of birth, nationality, and Turkish citizenship number.

Verifying the Account on Binance TR

Account verification on Binance TR is a security procedure that must be completed before starting cryptocurrency trading. This process can be done via your phone or the Binance TR website. Choose the verification method that suits you best.

Depositing TL into Binance TR

You can deposit Turkish Lira into your Binance TR account from all major banks using various methods. Once the funds are transferred, they will reflect in your Binance TR wallet.

Buying RAY Coin with TL on Binance TR

After depositing funds, navigate to the "Buy-Sell" section on the Binance TR website and search for RAY in the search bar to proceed with purchasing RAY with TRY.

About Binance TR

Binance TR, the Turkish platform of the world's largest cryptocurrency exchange Binance, provides seamless services for Turkish users to trade cryptocurrencies with Turkish Lira (TRY). Users benefit from Binance TR's robust matching engine, advanced security protocols, and access to various cryptocurrencies through TRY trading pairs via direct bank transfers.

For more information, visit Binance TR at trbinance.com.