Gm Everyone‼️ As you may remember, a couple of months ago pool creators brought the idea of making the Hybrid model (sharing liquidity with Openbook) an opt-in for Constant Product pools. The rationale was to give the option to cut the rent cost paid during the OpenBook market creation process for projects that either won’t qualify for hybrid market-market or don’t want it. Iterating on the conversation, the building of a new CP program in the anchor and the design of a new pool creation fee to deter spamming and support Raydium infrastructure cost spun in December. In light of December's intense spamming, and after all optimization paths for V2 have been exhausted, the decision was taken early January to roll out the pool creation fee before the new program to contain pool inflation and mitigate its impact on the UX. Accounting for the expected value of pool spamming, the fact that the spammer voided their market parameters to cut down the rent cost to 0.30 SOL, and the fluctuations of pool creation and sol price, the fee amount was set at 0.68 SOL (for CP pools only) - with the option to lower it at the new program launch. While the new CP program was getting closer to a release, the audit is still on-going and V3 swap routing has to be further optimized for the amount of new pools. In anticipation of the work left to do, and in appreciation of the shrinking of pool inflation, a first cut of the pool creation to** 0.4 SOL will take effect today**. Although the results show that the PC fee has hindered pool spammers' incentives and activity giving a breath to Raydium infrastructure while V3 is underway, a stellar number of 71,850 CP pools have been created since implementation (~6w). The fee amount collected to date by the protocol stands at an astonishing 48,858 SOL. Funds are held in the protocol treasury on the squads multisig (7YttLkHDoNj9wyDur5pM1ejNaAvT9X4eqaYcHQqtj2G5) responsible for program updates, bug bounty, RPC payments, etc. This amount surpasses all expectations and guarantees Raydium's sustainability and infrastructure costs for a while. This is very very exciting news for RAY holders and anyone with interest in Raydium’s future as it opens a lot of opportunities. ⚡️ A couple of great ideas have already spun in the different channels: distributing SOL to stakers, buying back RAY, building and staking to a Validator to generate additional revenues to earn SOL yield and grow the Usdc treasury. Please share your ideas in our discord This Dragon year Raydium is gonna spit fire! 🐲