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Built one pool at a time.

One Raydium CLMM market per stock, with a position a program owns. The approved sequence and the liquidity weights, before any pool exists.

Protocol-owned liquidityAvailable after activation
Markets open4 planned. Rollout after launch
Launch poolCreated at launch

The rollout

$DVR against each stock, in order, weighted 40 / 25 / 20 / 15.

Pool prices move and a position can lose value. Fees belong to each position; only protocol-owned positions fund holder payouts. A basket of up to 4 stocks is paid whether or not a pool for that stock is open yet.