$RAY Raydium's liquidity is divided into two parts: standard AMM pools and concentrated liquidity pools. According to Raydium's rules, the transaction fee for the standard AMM pool is 0.25%, with 0.22% allocated to liquidity providers and 0.03% used for RAY buybacks. The concentrated liquidity pool's fees are divided into four customizable tiers, with liquidity providers receiving 84% of the transaction fees, 12% used for RAY buybacks, and 4% allocated to the treasury.