RAY is Raydium’s native SPL token. Use this page for the canonical mint, fixed supply, allocation, emissions, vesting status, and how RAY connects to buybacks and staking.
Token facts
Always verify the mint address before interacting with RAY. Tickers, token names, and logos can be copied by anyone.
What RAY is used for
RAY connects to Raydium in three user-facing ways:
- Protocol alignment: a portion of Raydium trading fees is used to buy back RAY.
- Staking: users can stake RAY in the Raydium app and claim RAY rewards.
- Liquidity: RAY is a common base or quote asset across Raydium pools.
You do not need RAY to swap, provide liquidity, create pools, or use Raydium Perps.
Allocation
Vesting
Team and seed allocations, representing 25.9% of total supply, were fully locked for the first 12 months after the token generation event.
They then unlocked linearly each day from months 13 through 36. Vesting concluded on February 21, 2024.
Emissions
RAY emissions come from the mining reserve. Current emissions are approximately 1.9 million RAY per year.
Emissions are distributed through Raydium reward programs. The exact reward rate depends on the specific farm or staking program.
How to verify RAY
Use the mint address as the source of truth:
You can verify the mint on Solscan, Solana Explorer, or with SPL Token tooling:
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