Accelerating the growth of the Solana ecosystem
It has been incredible to see the massive influx of people and projects joining the Solana ecosystem in the span of a few short months. At Raydium we’ve been having great discussions with other teams that are building amazing things at breakneck speed. We’re excited for all of the potential we’re seeing and the opportunity to be a part of it.
Our vision for Raydium has always been to play a key role in driving liquidity and expanding the ecosystem. With so many talented teams emerging, there’s an opportunity to really accelerate project growth through enabling teams to raise funds, drive awareness, and launch an Initial DEX Offering (IDO) all in a streamlined, end-to-end process.
Now presenting… AcceleRaytor!
We are excited to announce the upcoming launch of AcceleRaytor — an initiative by Raydium to spearhead the growth of the Solana Ecosystem.
AcceleRaytor will serve as a launchpad for the latest Solana projects to raise capital and drive initial liquidity in a decentralized and interoperable manner, while enabling both project and Raydium communities to participate in carefully curated and vetted token offerings.
Participation & Pool structure
Initially, there will be two types of pools available for each AcceleRaytor launch project; Community Pools and RAY Pools. This two tiered approach is meant to provide the wider community open access to early stage projects while also rewarding the support of the Raydium community.
1) Community Pools are meant to be open to the wider community. While participation and eligibility may depend on project requirements, the purpose is to make these open to the ecosystem regardless of whether or not you’ve ever used Raydium.
2) RAY Pools will be open to users who stake RAY tokens on the Raydium platform. To qualify, participants will need to have a minimum number of RAY staked in the RAY staking pool on Raydium. Snapshots will be taken starting 7 days from the opening of a pool and continue until the pool opens. The minimum staking amount for the first batch of AcceleRaytor projects will be 20 RAY, however this may change in the future. Similar to the Community Pool, participation and eligibility may depend on project requirements.
Token allocations for eligible participants will be aligned for each project, however we aim for launches to provide allocations for as many participants as possible. Methods may differ between projects, but the two primary allocation models are:
1) Guaranteed proportional model: All participants who contribute within the open time period of the pool receive an allocation proportional to their contributed funds as a percentage of total funds contributed. In the case that total funds exceed the max cap of the pool, additional funds will be returned.
2) First come first serve model: All participants are able to contribute until the pool reaches the total max cap for funds.
The majority of pools will have a maximum allocation per participant.
The next step: IDO launch & LP rewards
In addition to allowing projects to raise funds through AcceleRaytor, Raydium will work alongside the project teams to launch a successful IDO through Raydium liquidity pools. The ability to quickly and efficiently launch allows the community to begin providing liquidity and trading the project token very shortly after Community and RAY pools are complete. Projects are also able to offer LP farming rewards for liquidity providers immediately after the token IDOs on Raydium.
Imagine getting into an early stage project at a presale price, then being able to trade or stake your tokens for even more rewards almost immediately!
The AcceleRaytor system, which includes the Community and RAY pool process, will allow projects to accelerate their reach and pace of development, while the potential to quickly IDO and offer LP rewards opens up even greater opportunity for the entire project community. While each launch may look a bit different and structure will be refined as we move forward, we’ll be working hard alongside our partner projects to drive the acceleration of the entire ecosystem!
Announcements on the first AcceleRaytor launch are coming soon! Make sure to follow official Raydium accounts below for updates.
Join the discussion on Discord: discord.gg/6EvFwvCfpx
Follow us on Twitter: https://twitter.com/RaydiumProtocol