Raydium to Offer Dual Yielding with Incentivized Liquidity Pools
Thanks to popular community demand, the Kin Foundation has worked with Raydium to enable a new utility for Kin holders — decentralized finance applications.
Raydium is an automated market maker (AMM) built on the Solana blockchain which leverages the central order book of the Serum decentralized exchange (DEX) to enable lightning-fast trades, shared liquidity, and new features for earning yield.
Kin and Ray holders can add their tokens to a Fusion Pool to provide liquidity via the Serum DEX. In return, liquidity providers will receive trading fees in addition to dual yield in both KIN and RAY paid out by the KIN-RAY LP Farm. Yield rewards offer an additional incentive for liquidity providers, with higher rewards for early adopters.
After the first 24 hours, Kin has already amassed the second largest Raydium Fusion Pool with over $.4.7M staked by Kin and Ray users at the time of writing.
To get started with the KIN-RAY LP Farm, check out the Fusion Pools below (Note: in order to add tokens to the liquidity pool, you must add both KIN and RAY tokens at an appropriate ratio according to exchange rates):
For more information on Raydium and liquidity mining, check out these resources:
More About Yield Farms
For more general information on automated market-making and liquidity pools, you can also review this guide:
Disclaimer: Yield Farming is only recommended for advanced users, who understand the risks involved. If you are unfamiliar with the concept of impermanent loss, we recommend reviewing this guide, for a basic understanding.