Raydium Burn and Earn: Fee Key NFT on locked CPMM/CLMM LP logoRaydium Burn and Earn: Fee Key NFT on locked CPMM/CLMM LP
LP never exits the PDA. Whoever holds the Fee Key NFT collects the trading fees.
devrels.xyz/a/350Burn and Earn is Raydium's permanent LP lock. The CPMM LP token or CLMM position NFT moves into a program-owned PDA. Liquidity cannot be withdrawn. A transferable Raydium Fee Key NFT is minted to the caller; metadata points at that PDA. The holder of the NFT is the only signer who can run collectFees, which CPIs into the pool program and pays fees to the holder's ATAs. Docs: docs.raydium.io/user-flows/burn-and-earn. X @Raydium. Farm Harvest vs Streamflow stays: /a/339.
| Surface | Burn and Earn |
|---|---|
| CPMM | Supported |
| CLMM | Full-range only. Tight range stops earning if price exits. |
| AMM v4 (Hybrid) | Not supported |
| Frozen restricted-issuer CLMM | Cannot transfer the position NFT into escrow |
| Partial lock | Split the position first. No 50/50 on one NFT. |
| Token-2022 transfer fee | Supported. Haircut on every fee claim. |
UI: Liquidity → Create → Burn and Earn. Type the confirmation sentence, then Confirm. The Fee Key lands in Portfolio under locked positions. Losing or burning the NFT loses the fee stream. It is a standard SPL NFT: transferable, saleable, usable as collateral if a lender accepts it.
GET https://api-v3.raydium.io/pools/info/list?poolType=standard&poolSortField=default&sortType=desc&pageSize=1&page=1Response field burnPercent is the share of that pool's liquidity locked this way. LaunchLab graduated tokens use LP-Lock. After the 2026-08-17 upgrade, migrations combine platformScale + creatorScale into one platform Fee Key and burn burnScale. Earlier completed migrations keep their original Fee Keys.
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