Raydium has made several major updates, including the release of V3 UI and the new Constant Product AMM (CPMM) program. Here are the main contents of the update:
1. V3 UI is launched
• Faster interaction speed: basically response within seconds.
• UI layout improvements: more reasonable, hierarchical and concise.
• Multi-language support: New multi-language support, covering 9 languages including English and Chinese.
• Asset panel: A new “My Assets” panel has been added, which allows you to view the assets under the address at a glance.
2. CPMM program launched
• Simplified fund pool creation: The new CPMM program does not require an Openbook market ID, making fund pool creation faster and easier.
• Save SOL fees: No need to create an Openbook marketplace ID anymore, saving up to 2-3 SOLs.
• Token22 Integration: Support for Solana’s Token22 standard allows teams to launch constant product AMM pools for their Token22 projects.
• Anchor efficiency optimization: The CPMM program is optimized in the Anchor framework to improve efficiency.
• Built-in price oracle: provides reliable pool price history.
• Retained functions: Users can still set trading opening hours, LP tokens can be burned to lock liquidity, or injected into ecological farms.
3. Security
• Passed Security Audit: The CPMM program has passed MadShield’s security audit.
• Bug Bounty Program: The CPMM program is part of the Raydium Immunefi Bug Bounty Program, ensuring ongoing security.
These updates significantly improve the user experience and functionality of the Raydium platform, making it more efficient and cost-effective to create and manage liquidity pools, while also improving security.
Update summary
As the largest decentralized exchange (DEX) on the Solana chain, Raydium has been promoting the development of the DeFi ecosystem. When Openbook's predecessor Serum exposed problems on FTX, Raydium firmly supported Openbook. However, with the changes in the market environment, Openbook has gradually become no longer applicable. The release of Raydium V3 marks a strategic turning point, and Raydium has decided to gradually abandon Openbook. This is not only a technical optimization, but also an important strategic decision that will profoundly affect the DeFi ecosystem on the Solana chain.
In this update, Raydium V3 introduces a new constant product AMM (CPMM) plan, which simplifies the process of creating a fund pool and improves the interaction speed and user experience. The new V3 UI is more reasonable, layered and concise, and supports multiple languages, including nine languages including English and Chinese. The newly added "My Assets" panel allows users to view the assets under the address more intuitively.
Through these updates, Raydium not only improves its own technology and user experience, but also injects new vitality into the Solana DeFi ecosystem. The gradual farewell to Openbook is a visionary strategic adjustment, indicating that Raydium will continue to lead the future development of Solana on-chain DEX.
Original link: Raydium
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