EURC launched by Circle is now available on Raydium, providing liquidity rewards

Raydium is an automated market maker (AMM) platform built on top of Solana, where users can trade and provide liquidity to earn profits from digital assets. However, unlike other AMM platforms, Raydium's AMM provides on-chain liquidity for Serum's central limit order book, which means that Raydium's users and liquidity pool can access the order flow and liquidity of the entire Serum ecosystem, and vice versa.

 

On October 23rd, Raydium Protocol announced the official launch of Circle's euro stablecoin EURC. Users can trade EURC and USDC on the Raydium platform for liquidity provision (LP). The platform will incentivize liquidity providers to distribute 7,600 EURC and 1,000 RAY as rewards per week, applicable to the 0.01% fee pool. The event aims to inject strong momentum into the liquidity launch of EURC and encourage more customer engagement in liquidity mining.