Coinmonks
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Can Raydium (RAY) make money from an Automated Market Maker?

Raydium (RAY) is one of many decentralized autonomous organizations (DAOs) trying to cash in on an automated market maker (AMM).

An AMM is the protocol that powers a decentralized exchange. In essence, an AMM is an autonomous trading mechanism that eliminates the need for a centralized exchange. Raydium leverages the central order book of the Serum (SRM) decentralized exchange. Developers claim Raydium enables lightning fast trades and shares liquidity.

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Daniel G. Jennings

Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.