$RAY Token Rights

Updated Apr 20, 2026

Overview

Token(s): RAY
Token Type: GovernanceUtility
Utility: Staking, Protocol Access, Liquidity Incentives

RAY is the native utility and governance token of Raydium, facilitating staking for rewards, liquidity mining, transaction fee reductions, and community voting on upgrades, with 12% of trading fees automatically directed to token buybacks

Governance Rights

Control

Raydium does not currently employ a timelock for upgrades. Timelock mechanisms are planned as code moves toward open-sourcing and community governance.

Governance Decisions

RAY

Limited to parameters, full governance planned according to documentation

Treasury Decisions

N/A

All treasury addresses are controlled by the protocol multisig

Revenue Decisions

N/A

All fee collection adresses are controlled by the protocol multisig

Fee Switch

Swaps are split between liquidity providers, RAY buybacks, and the treasury. 12% of 0.25% swap fees fund RAY buybacks, 4% to treasury

Resources

Foundation Multisigs / Addresses

HLksszpjGgiRbyumXyQe5VpmJLuJEnf6YcRzghyDc8Fo

Primary Value Accrual

Buybacks

Value accrues through buybacks

Equity Statement

There is no entity with a claim on equity or revenue. 100% of protocol revenue flows to either token buybacks or the protocol multisig.

Economic Rights

Value Capture

Every swap on Raydium incurs a trading fee, split between liquidity providers, RAY buybacks, and the treasury. 12% of trading fees go to RAY token buybacks for programmatic purchases

Buybacks

RAY

Buybacks trigger automatically when accumulated fees reach $10

Dividends

N/A

No dividend or revenue distribution is currently active

Burns

N/A

No burn mechanism is currently active

Ownership

Fundraising: Token Sale
Equity Revenue Capture: No
Associated Entities: Labs (DevCo)DAOParent / Holdings Co
Domain: Parent / Holdings Co