$RAY RAY Digital Currency – is the currency of the Raydium Protocol, an automated market maker and liquidity provider built on the Solana blockchain for decentralized exchange.
Unlike any other automated market maker, the Raydium protocol provides on-chain liquidity to the central order book, meaning that funds deposited into Raydium are converted into limit orders held on Serum’s order books. This gives Raydium LPs access to all of Serum’s order flow in addition to existing liquidity.
RAY token uses staking to earn protocol fees, staking to receive IDO allocations, and governance votes on protocol decisions.
Founders of RAY Digital Currency
AlphaRay leads the overall strategy, operations, product direction, and business development of Raydium. With a background in algorithmic trading in commodities, Alpha moved into market making and providing liquidity for cryptocurrencies in 2017 and hasn’t looked back.
After diving into DeFi in the summer of 2020, Alpha saw the market need for an automated market maker order book to aggregate liquidity, and with the release of Serum, assembled a team of experienced trading developers to tackle the problem head-on. XRay is the CTO and development team lead at Raydium. X has 8 years of experience as a trading and low-latency systems engineer for both traditional and crypto markets.
X designs all Raydium systems and infrastructure as needed.
Gamma heads Raydium’s marketing and communications while also playing a key role in strategy and product direction. Gamma spent a significant portion of his career at a leading data analytics and market research firm, where he worked on both customer engagement and corporate marketing. Prior to Raydium, Gamma’s focus on crypto was on technical analysis and discretionary trading.
