Conversation

afaiu

draws liquidity from Serum CLOB on the swap trades, but it doesn't add liquidity to serum CLOB the latter would also be cool but the constant cancel & replaces are probably uneconomical even at Solana fee levels would be quite cool to do this though

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and

fairly confident the answer is that

@RaydiumProtocol

does provide directly into the Serum CLOB

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and

it does have frequent cancels/replaces but

@solana

is cheap so it's not super expensive

1:17 AM · Jul 19, 2021Twitter Web App

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Will be interesting to see CEXs replicate this function

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isnt that what

does?

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even coooler if $RAY hit $25 this year 🙏😁

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then im not sure how the economics of it works behind the scenes, to pay for this in the program, and to manage the AMM balance (is it really just the 0.02% rebate if filled by non-swap?) i suppose should ask AlphaRay