Solana: Raydium new pools monitoring CLMM tokens

Solana: New Raydium Pools Tracking CLMM Tokens

As a dex screener, it is essential to stay up to date with the latest developments in the Solana ecosystem. Recently, I have been tracking two new pools that are worth paying attention to: Raydium (RAYD) and CLMM.

Tracking Program ID 675kPX9MHTjS2zt1qfr1NYHuzeLXfQM9H24wFSUt1Mp8

One of the key metrics I use when evaluating a new pool is its program ID. In this case, Raydium initializers use the initialize2 command to distribute their tokens and staking contracts.

The Problem with Most Pools

While monitoring Raydium pool code, I have noticed that most of them fail to initialize properly due to a few common issues:

• Incorrect Program ID: Some pools use incorrect or outdated program IDs, which can cause initialization errors.

• Missing Dependencies: Other pools may be missing critical dependencies needed for proper initialization.

• Inadequate Error Handling: Pools may not have adequate error handling mechanisms, resulting in unhandled exceptions and crashes.

What is CLMM token and how does it work

CLMM (Crypto Llama Money) is a decentralized lending protocol that allows users to lend and borrow assets on the Solana blockchain. As such, it relies heavily on Raydium staking contracts to validate and enforce its rules.

Why Monitoring New Pools is Important

Monitoring new pools like Raydium and CLMM is critical for several reasons:

• Improve Pool Performance: By identifying and addressing common issues in pool code, we can help improve the overall performance of these platforms.

• Improve Security: Proper error and dependency handling can significantly improve the security of a pool.

• Support Community Growth: By keeping an eye on new pools, we can better understand their strengths and weaknesses, which can ultimately benefit the entire Solana community.

Ultimately, monitoring new Raydium pools is essential to ensuring these platforms are running properly and securely. By staying up to date with the latest developments in the Solana ecosystem, we can make informed decisions about which pools to support and how to optimize their performance.

Categorised in: CRYPTOCURRENCY

This post was written by Munna