I’ve been running liquidity on Solana for about a year now, mostly on Raydium.

Not with a huge position. Just something I could track and actually learn from.

And over time, it ended up doing better than I expected.

Where I’ve been running it

Mainly Raydium.

Simple setup:

• SOL / USDC
• standard LP
• Phantom wallet

Nothing complicated.

The returns (realistically)

Over roughly a year, I’ve ended up around 100%+ APR.

Not in a straight line, obviously.

Some periods were stronger, some weaker.

But overall, it’s been solid.

What the range actually means

The part that matters most (and that people underestimate) is the range.

I’ve typically been running something around:

• ~10–15%

But not always perfectly symmetrical.

Sometimes I’ll shift the range slightly depending on where I think the market is moving.

Not trying to predict perfectly — just adjusting a bit so I don’t fall out of range too quickly.

Because if you go too tight:

• you fall out of range fast
• and stop earning

And if you go too wide:

• your yield drops

So it’s always a balance.

One thing that annoys me about Raydium

This is probably my biggest issue with it.

You can’t just add funds to an existing position.

If you want to increase:

• you have to close
• and reopen

Which is a bit clunky.

Not a dealbreaker, but definitely something to be aware of.

Rewards (and how they actually feel)

Rewards come partly in RAY.

Which is fine — but also means:

• you’re exposed to another token
• rewards fluctuate in value

So again, headline APR doesn’t tell the full story.

How I’ve been adding over time

I’ve also been adding to the position gradually.

Roughly:

• $40–50 in SOL per month

Since Raydium doesn’t allow adding to an existing position, I’ve had to:

• close
• and reopen

each time I add more.

Not ideal, but manageable.

I also harvest fees about once a week.

Most of that gets converted into SOL again, since I’m still bullish long-term.

What I’ve learned

After running this for a year, a few things stand out:

• Consistency beats chasing spikes
• Range matters more than APR
• You don’t need to over-optimize everything
• Simple setups can perform surprisingly well

Compared to other setups

I’ve also been testing other things (like SUI pools recently).

And honestly — Solana still feels:

• simple
• stable
• easy to manage

Not perfect, but predictable enough.

If you’re considering it

I wouldn’t go in expecting “100% returns”.

That’s not how it works in practice.

But if you:

• stay in range
• keep it simple
• don’t overtrade

It can add up over time.

Final note

This isn’t passive in the traditional sense.

You still need to check in once in a while.

But compared to trading, it’s a very different experience.

Slower. More predictable.

And for me, easier to stick with.