Raydium CLMM — Program ID & Overview
CAMMCzo5YL8w4VFF8KVHrK22GGUsp5VTaW7grrKgrWqK Raydium CLMM (Concentrated Liquidity Market Maker) allows liquidity providers to concentrate their capital within specific price ranges, similar to Uniswap v3. This provides higher capital efficiency compared to constant-product pools.
Program ID
CAMMCzo5YL8w4VFF8KVHrK22GGUsp5VTaW7grrKgrWqK
How concentrated liquidity works
Instead of spreading liquidity across the entire price curve (0 to infinity), LPs choose a price range [priceLower, priceUpper]. Liquidity is only active when the current price is within that range.
Full range (AMM V4): |████████████████████████████| 0 → ∞
Concentrated (CLMM): | ████████ | priceLower → priceUpperCapital efficiency gain: a position concentrated in a ±5% range provides roughly 10× the depth of a full-range position with the same capital.
Key concepts
| Concept | Description |
|---|---|
| Tick | Discrete price point; price = 1.0001^tick |
| Tick spacing | Minimum distance between ticks (depends on fee tier) |
| Position | An LP’s liquidity between two ticks |
| Tick array | On-chain account storing a range of tick states |
Fee tiers
| Fee tier | Tick spacing | Typical use |
|---|---|---|
| 1 bps (0.01%) | 1 | Stable pairs (USDC/USDT) |
| 5 bps (0.05%) | 10 | Correlated pairs |
| 25 bps (0.25%) | 60 | Standard pairs |
| 100 bps (1%) | 120 | Volatile / exotic pairs |
Key instructions
| Instruction | Description |
|---|---|
CreatePool | Creates a new CLMM pool with a fee tier |
OpenPosition | Opens an LP position at a tick range |
IncreaseLiquidity | Adds liquidity to an existing position |
DecreaseLiquidity | Removes liquidity from a position |
Swap | Executes a swap through the pool |
CollectFee | Claims accrued trading fees |
CollectReward | Claims farming rewards |
FAQ
What happens when the price moves outside my range? Your position becomes inactive and stops earning fees. Your liquidity converts entirely to the less valuable token. You can close and reopen at a new range.
How is Raydium CLMM different from Orca Whirlpools? Both are concentrated liquidity implementations. The core mechanics are similar (tick-based pricing, range positions). They differ in SDK design, fee structures, and reward mechanisms. Many tokens have pools on both.
Can I provide full-range liquidity on CLMM? Yes. Set the range to the minimum and maximum ticks. This behaves like a constant-product AMM but with slightly higher gas costs.
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