Okay, here's the move I always do first. Head to Raydium, crank that slippage tolerance down to 0.5%. Why? Solana's fast as hell, but during pumps, prices flip in seconds. High slippage? You overpay by 5-10%. Saved my ass on a memecoin flip last week. Sound familiar? That one trade where you thought you got a deal but nope.
Now, Raydium's this beast AMM on Solana. Lightning trades, tiny fees like ~0.000005 SOL per tx. It's not just pools-it's hooked into OpenBook for deeper liquidity. Means better prices than solo AMMs. I usually start with Phantom wallet. You got one? Good.
Grab Phantom or Solflare. Download, create wallet, backup that seed phrase like your life depends on it. Fund it with SOL-start small, 0.1 SOL covers a ton of trades. Bridge from Coinbase or whatever if you're US based, but honestly, use Jupiter for cheap swaps in.
Hit raydium.io. Click "Connect Wallet." Boom. Approved? You're in. The UI's clean-no clutter. Dark mode? Toggle it. Eyes thank you after hours.
Pro tip: Enable transaction simulations in settings. Catches dumb errors before you burn gas. In my experience, skips 90% of "tx failed" headaches.
Done that? What's next?
Look, swaps are dead simple. Pick from token (SOL, USDC, whatever) to token you want. Enter amount. See the price impact live? That's your cue. Green? Good. Red over 1%? Wait or size down.
Hit swap. Sign tx. 1 second later, tokens in wallet. Fees? Under a penny. Ethereum who?
But here's the thing. During launches, pools are thin. Slippage spikes to 20%+. Solution? Use Jupiter aggregator first-it routes through Raydium but hunts better fills. I route 80% of my trades there now.
Swaps are fun, but providing liquidity? That's passive income. Pools use constant product-x*y=k. You add equal value both sides, get LP tokens. Earn 0.25% on every swap through your pool.
I usually pick hot pairs like SOL/USDC or new memecoin/SOL. Start with $1K-5K total. Why small? Test the waters. Impermanent loss can bite if prices moon 10x.
| Pool Type | Fee Tier | Best For | Risks |
|---|---|---|---|
| Standard AMM | 0.25% | Volatile memecoins | High IL |
| CLMM (Concentrated) | 0.01-1% | Stable ranges | Out of range idle capital |
| Fusion (Single sided) | 0.25% | Low capital entry | Less control |
Raydium's CLMM crushes it. Focus liquidity in a price range, like current price ±10%. Earn way more fees since trades cluster there. But rebalance weekly-prices shift, your range goes dead.
Potential issue: Rug pulls on new pools. Check Dexscreener for locks, renounces. Solve? Only audited tokens or ones with $50K+ depth.
Takes 30 seconds. Monitor on Birdeye.so. Volume up? Fees roll in. I pulled 15% weekly on a SOL/RAY pool once. Not bad.
Got LP tokens? Don't sleep on farms. Stake in Raydium farms, earn RAY on top of fees. Dual yield, baby.
In my experience, hunt farms over 50% APR. But check multipliers-new pools get boosts. RAY token? Governance, staking, fees share. Hold some for discounts.
Question: Why farm? Compounding. Fees + RAY = auto reinvest. One farm netted me 2x in a month. Risk? Farm ends, rewards drop. Rotate often.
No lists here-just go Farms tab, pick high TVL ones. Stake, harvest daily. Harvest fees ~0.000005 SOL each. Negligible.
Raydium's upgrading-V2 to V3, limit orders coming. Place buy/sell at exact prices, no FOMO. Currently, hybrid pulls OpenBook orders for tight spreads.
AcceleRaytor? Launchpad for new Solana gems. Commit RAY, get allocations. I snagged early ones at 10x gains. But competitive-whales dominate.
Trading tip: Use Trade API for bots. Two requests, one sig-swap any asset fast. Devs love it. Me? Manual for now.
Raydium's king for launches, but mix it.
Honestly, 70% my volume on Raydium, 30% Jupiter. Why? Depth. But Orca for stables-fees 0.3%, but whirlpools efficient.
Tx fails? Low SOL-top up 0.01. Slippage too tight? Bump to 2%. Wallet not connecting? Clear cache, restart browser.
Impermanent loss killing you? Pair stables or use single sided Fusion pools. Monitors pools on Dexscreener-remove if IL > fees.
Big one: Failed swaps on new tokens. Metadata not registered? No Jupiter routing. Fix: Project submits to lists.
And scams. Never click Twitter links. Always verify pool creator. Multisig? Safer for big bags.
Day trade: Swap on dips, 0.5% slippage, out quick. Fees eat holds.
LP farm: $10K in hot pairs, rebalance CLMM weekly. Target 1% daily fees + 50% APR.
Launch hunting: Watch Pump.fun to Raydium migrations. Add LP early, ride volume.
RAY staking: Direct stake for fees share. Steady 10-20%.
Scale: Start $100, pyramid wins. Never all in one pool.
That's my flow. Keeps it simple, profitable. Yields vary-bulls 100%+, bears 10%.
One more: Track with Quicknode or gRPC for live swaps. Bots detect buys/sells instant. Edge for sniping.
V3 UI's beta now-smoother, concentrated liquidity everywhere. Roadmap? Limit orders, better efficiency. Solana's at 65K TPS, fees sub penny. No brainer vs ETH gas wars.
Personal touch: Switched full from ETH last year. No regrets. Speed's addictive. You trading yet? Start small, learn fast.
Potential pitfalls: Network congestion rare, but stake SOL elsewhere if paranoid. RAY price swings? Hedge with stables.