Raydium Redux

This collection of programs adds a significant range of new features to Raydium, mostly centering around utility for the RAY token.

Program overview

Reactor

The reactor program is an escrow account for RAY tokens. This program converts RAY tokens into vote power (with the addition of isoRAY as a time-based component). The reactor program also provides "staking rewards" to RAY holders.

CP LP Escrow

The cp_lp_escrow program is a singular escrow program for holding balances of constant-product swap (CP-Swap) LP tokens. The reason for a central program to hold balances of LP tokens is that this balance will be used for calculating gauge rewards (RAY emissions) and eventually "ecofarm" rewards (arbitrary emissions).

Gauge

The gauge program handles RAY emissions for CP and CL markets. Gauges are voted on using reactor votes.

The gauge program has several dependecies on other programs:

• when voting on a gauge, or releasing votes, the gauge program locks/unlocks votes in the reactor program
• when calculating the amount of RAY to emit, the gauge program reads the quantity of liquidity tokens. For CP Swap, this dependency is with the cp_lp_escrow program. For CL pools, the gauge program reads from the pool state of the CLMM.

Dev

Check dependencies:

$ anchor --version
anchor-cli 0.29.0

$ solana --version
solana-cli 1.18.2 (src:13656e30; feat:3352961542, client:SolanaLabs)

Install NPM packages:

$ yarn

Run tests (must compile related TypeScript packages first)

$ cd sol
$ tsc --build
$ yarn test
$ cargo test

Client generation

We auto-generate TypeScript clients from the Anchor artifacts.

$ cd sol
$ anchor build
$ yarn gen