Hey everyone, just a reminder we are going to give another day or so for the governance discussion to start the reimbursement of funds lost. Target is to get it to a vote EOD on Dec 23 UTC+0

TLDR is to use protocol revenue, earmarked for RAY buybacks to offset the loss to LPs.

If you have any questions or concerns, please comment on the proposal to let us know https://raydium.discourse.group/t/potential-compensation-plan-and-paths-forward-following-dec-16-exploit/15

Dear community members,

As the holiday season approaches, we want to take a moment to wish all of you a very Merry Christmas and a Happy New Year!

We hope that you will be able to spend some quality time with your loved ones, and take a well-deserved break from the daily grind. It's been a challenging year for all of us, but we are grateful to have such a wonderful community to rely on and support one another through it all.

We also wanted to let you know that the Community Managers will still be around to answer any questions you may have, but please note that there may be a delay of 30 to 60 minutes in response time during the holidays (Christmas, 25th December and New Year’s, 1st January). We appreciate your patience and understanding during this time.

Please be wary of scammers DMing you acting as CMs replacement as there will be no such replacement. Admins WILL NEVER DM you! Only reach us through our Discord server or Telegram Channel.

Thank you for being a part of our community and for your continued support. We look forward to continuing to serve you and work together in the new year.

Wishing you all the best,

The proposal on a plan for remediation of funds following the recent exploit is live:

https://app.realms.today/dao/Raydium/proposal/42SGwUnhp6Dma8uT1mLd4Ahg1SeLS2RPDkRDW8wkNGEn…

This is the first step in beginning the compensation process, everyone is encouraged to vote.

You can vote by visiting the Realms link, depositing RAY, and voting

RAY staking snapshots will be paused until Jan 3rd, 12:00UTC for wallets that participate in this vote

Original proposal discussion can be found here
https://raydium.discourse.group/t/potential-compensation-plan-and-paths-forward-following-dec-16-exploit/15

Last but not least voting goes until approx Dec 30th at 11:45 UTC

https://twitter.com/RaydiumProtocol/status/1607704916864421889?t=pjGJj_ba7CQE_DYKze58jw&s=19

GM everyone!

It's been a challenging couple of weeks, but the good news is that a plan and process for compensation is here. Everyone's patience and support up until now is much appreciated 🙏

Please make sure to check out the full Medium post linked in the tweet below, but a few key points here:

- Remediation for affected assets will happen in 2 phases
- Phase 1 includes individual LPs that have LP-ed or staked in farms on Raydium directly.
- Claims for Phase 1 are set to start tomorrow, Jan 5, 12:00 UTC and will be available for 2 months until March 5.

Following the recent proposal, and the vast majority of affected assets have been obtained to enable...

1 - LPs in affected RAY pools to be made 100% whole in native assets
2 - LPs in other Phase 1 pools can claim 90% native assets, with the remaining 10% of lost asset value compensated in RAY plus an additional 20% RAY. So for each $1 of original principle assets not covered, the user would receive $1.20 worth of RAY.

Note that the RAY allocated to cover the loss to original principle assets in #1 above, and for additional compensation in #2, all comes from Raydium vested team token allocation

Be sure to check out the medium post for full details.

More to come as Raydium continues to strive towards making things right for you Raydiators. Thanks again for all of the support up to now!

https://twitter.com/RaydiumProtocol/status/1610714962095407106?s=20

Hi everyone,

Phase 1 claims for individual LPs with affected positions due to the recent exploit are now live.

Claim Portal:
https://t.co/ZJLb7kgrR7

How-to guide:
https://t.co/kLT2NMHke3

Full details in the Medium post:
https://t.co/7kWymoSJO3

Phase 2 claims for third-party protocols have not started.

https://twitter.com/RaydiumProtocol/status/1610971540056686592

Raydium is dishing out a bonking 10k in $RAY rewards on the BONK-SOL concentrated pool
@bonk_inu
🫡

Rewards start in about 45m, at 18:00 UTC, and will last for approx 2 weeks 🚀

Bonk voyage👇
https://raydium.io/clmm/create-position?ammId=ALYy1HRt3fsn1S9McLWsXCoq6Ke7bwMiwZ6QYr6HvsYS

https://twitter.com/RaydiumProtocol/status/1611049709795217420

Excited to introduce the Count Down Timer⏳

Tons of users have requested this feature and it’s now possible to monitor the opening date and time of upcoming pools on Raydium’s Swap Page!

Communities can now clearly follow the launch of their favorite projects and be the first to trade!⚡️

https://twitter.com/RaydiumProtocol/status/1615439658850082841

Hi everyone,

Claims for the first part of Phase 2, including users w positions on @Francium_Defi and LPs in ZBC-USDC & UXP-USDC pools on Raydium, will open at approx 12:30 UTC today

Original Medium post updated w info on this phase:
raydium.medium.com/367246a62277

Claim process same as Phase 1

https://twitter.com/RaydiumProtocol/status/1616410660262510596?s=20

Phase 2 claims for users with positions held on @TulipProtocol are now live.

Claims for positions on Raydium directly and those on @Francium_Defi remain open.

Original Medium post updated w info on this phase:
raydium.medium.com/367246a62277

Claim process is the same as Phase 1

https://twitter.com/RaydiumProtocol/status/1621501668251811840?s=20

Hey Raydium Community, guess whose birthday is it today?

That’s right! It’s ours! To celebrate this special day, a community member helped put together a small video re-capping our journey!

I recommend watching ’til the end, we have some surprises for you!

Once again, Raydium would like to thank you all for those 2 years of support! Buckle up, it’s going to be a busy year!

https://twitter.com/RaydiumProtocol/status/1628085012766634001?s=20

Hey Raydium Community! Super super super excited to announce that Raydium's CLMM pools have been integrated on Kamino Finance!

Kamino is an Automated Position Manager for Concentrated Liquidity 🤖 Liquidity providers can now use Kamino's automated vaults to earn yield on trading fees & farming rewards🧑‍🌾
https://twitter.com/Kamino_Finance/status/1628459698008514567

CLMMs offer deeper liquidity and lower slippage for traders, while LPs can deploy capital more efficiently and earn higher yield. But it's not without risk, monitoring positions and adjusting for market fluctuations is critical to mitigating impermanent loss

Kamino removes the complexity of maintaining a CLMM position for users while enjoying all the benefits! 🤗

Projects can benefit too! Any project team can create a pool on Raydium and add farming rewards, which can now be automated by Kamino

https://twitter.com/RaydiumProtocol/status/1599777544555069440

Four Raydium vaults are already live on
https://app.kamino.finance/

mSOL-SOL
mSOL-USDC
stSOL-ETH
RAY-SOL

Check out this detailed guide for more on creating a CLMM pool & farm on Raydium: 🔗
https://bit.ly/3BoUhfL

If that’s still not enough make sure to join our upcoming AMA with Kaminofinance where we will dive into CLMMs! 🤿

and don't forget to check out the Kamino Discord:
https://t.co/XYYMLL5VJP

https://twitter.com/RaydiumProtocol/status/1628474180013379586

Ready to learn what it takes to build the next generation of DeFi products on Solana?

Second time's a charm, join us on Thursday for an AMA with Solana Foundation and Kamino Finance!

https://twitter.com/i/spaces/1BdGYyvokDNGX

https://twitter.com/RaydiumProtocol/status/1633164268215365649?s=20

Hey Raydium Community!!

The AMA is now live!

Come join and vibe with us!

https://twitter.com/i/spaces/1BdGYyvokDNGX

Hey Raydium Community!

Just a reminder that compensation claims remain open for all phases and the deadline to access the claim portal has been extended until April 3, 2023.

In case you missed it, full details are in the original Medium post and in the Tweet threads 👇
https://raydium.medium.com/compensation-plan-and-next-steps-367246a62277

As always, drop by the support channel https://www.tg-me.com/raydiumprotocol or open a ticket over at Discord if you have any questions.

https://twitter.com/RaydiumProtocol/status/1638057352099409921?s=20

Gm Raydium Community, we are doing a Town Hall today with Kamino Finance in 20mins. They are going to demo their auto-rebalacing vaults built on top of our CLMM pools. Tune in if you'd like to learn more on those, and/or if you have questions for them!
https://discord.com/events/813741812598439958/1087389847645323414

The deadline for claiming compensation for liquidity positions affected by the December exploit has been extended for a final time.

The Claim Portal will remain open until May 14th at 23:59 UTC

Full details 👇
https://raydium.medium.com/compensation-plan-and-next-steps-367246a62277

https://twitter.com/RaydiumProtocol/status/1651501858656251904

Hi everyone, just a reminder before the claim portal closes for good.

The deadline for claiming compensation for liquidity positions affected by the December exploit has been extended for a final time.

The Claim Portal will remain open until May 14th at 23:59 UTC

Full details 👇
https://raydium.medium.com/compensation-plan-and-next-steps-367246a62277

https://twitter.com/RaydiumProtocol/status/1651501858656251904

Hey Everyone,

Due to recent server load & API abuse, some users have had issues interacting with Raydium's UI. Raydium's APIs were pinged more than 50 billion times in April, up from 18 billion in March. May figures are set to surpass April highs. This is just to highlight how much stress servers have been under and why issues have popped up. Nearly 2,000 new pools were created in the first two weeks of May, bringing Raydium's total pool count to nearly 8,000.

To remedy these issues, Raydium's server capacity has since been increased 11x & several UI updates have been deployed, the most recent version of the dAPP is: V.2.10.11

This should greatly improve UI responsiveness 🫡

Raydium thanks you for your patience and understanding over the last week+ 🙏

To be clear, this is not an issue with the Solana network or on-chain congestion. Likewise, the Raydium Protocol smart contracts (programs) have functioned properly throughout.

https://twitter.com/RaydiumProtocol/status/1658790034852687872

Hey Everyone! 👋

🌞 LST SUMMER ON RAYDIUM 🌞

In addition to the existing mining rewards on other pairs, Raydium is happy to support decentralization with a new round of incentives on the CL pools focusing on Liquid Staked Tokens!
8500 RAY to be distributed each week to liquidity providers!

SPF 50 is recommended!

More details in the thread:
https://twitter.com/RaydiumProtocol/status/1679202881168109583?s=20

Hey everyone,

Raydium is excited to announce support for Token-2022! 🧵👇

Raydium’s CLMM now supports the creation of Permissionless Pools & Rewards for Token-2022 assets
raydium.io/clmm/pools

More details in the below twit
https://twitter.com/RaydiumProtocol/status/1681587499741634561?t=-9l6rIlWFOK1UBvaejkuYA&s=19