Solana LP Burner: Burn LP Tokens or Lock Liquidity

Lock vs burn liquidity: what you keep

Creators burn or lock LP to show buyers that their own wallet can no longer withdraw that liquidity. In the Solana LP burner, a burn (Raydium) and a lock (Raydium or Meteora) differ in what you hold afterwards and in the trading fees.

A burn destroys your Raydium LP tokens through the Solana Token Program. Nothing goes to a dead address. Your share of the liquidity stays in the pool for the other LP holders, and you can no longer withdraw it. You earn no trading fees from it afterwards, and you hold nothing from the burned share. A burn is permanent.

A lock keeps your share in the pool, and nobody can withdraw it. On Raydium, Burn and Earn moves your LP tokens or position NFT into Raydium's lock program, and you hold a Fee Key NFT afterwards. On Meteora DAMM v2, the position stays in your wallet with the share you chose locked. The trading fees stay yours to claim. A lock is permanent, with no end date.

Burning LP tokens does not change your own token's supply. Only the LP token supply drops.

Which Raydium and Meteora pools you can burn or lock

The Solana LP burner works with 4 pool types on Raydium and Meteora, including pools made with other tools.

Raydium CPMM: you can burn part or all, and lock part or all, because LP tokens are fungible SPL tokens. Raydium AMM v4: you can burn part or all, but not lock, because Raydium's Burn and Earn does not support AMM v4. Raydium CLMM: you cannot burn; you can lock the whole position only, because the liquidity is a position NFT, not LP tokens. Meteora DAMM v2: you cannot burn; you can lock part or all, across all your positions in the pool, because the liquidity is a position NFT, not LP tokens.

A Raydium lock uses Raydium Burn and Earn, and Raydium advises locking only full-range CLMM positions: once the price moves out of a locked position's range, that position permanently stops earning fees. The Solana LP burner warns you before you lock a CLMM position that is not full range or is out of range. A Meteora DAMM v2 lock is Meteora's own permanent lock, and Meteora's docs say locked liquidity still earns.

What a Solana LP burn or lock costs

The Solana LP burner charges a 0.05 SOL Tokenry fee per lock or burn transaction, whatever the share or pool type.

The Tokenry fee is 0.05 SOL for a burn, a Raydium lock and a Meteora lock, and goes to Tokenry. The network fee is about 0.000005 SOL for a burn or a Meteora lock and about 0.00001 SOL for a Raydium lock, and goes to the Solana network. A Raydium lock also pays about 0.02 SOL for the Fee Key NFT: about 0.01 SOL of rent (after SIMD-0437 cut rent), plus Metaplex's 0.01 SOL fee. The rent stays in the new accounts and is not returned, and Metaplex's fee goes to Metaplex. A burn and a Meteora lock have no such cost.

In all, a burn or a Meteora lock costs 0.05 SOL plus about 0.000005 SOL, and a Raydium lock about 0.07 SOL.

The Tokenry fee travels in the same transaction, so you pay it only if the lock or burn succeeds. A transaction you reject, or one that expires, costs nothing; one that lands and fails costs only the network fee.

After a lock: claim the trading fees

On Raydium, a lock made with the Solana LP burner puts a Fee Key NFT in your wallet. Whoever holds the Fee Key receives the fees: it can be transferred, and losing it means losing the fees. For a Raydium Fee Key or a Meteora DAMM v2 position, you can claim your LP fees with Tokenry for a 0.01 SOL Tokenry fee per pool plus the network fee. Raydium's Portfolio page also lets the Fee Key holder claim.

For a normal token, not LP, Tokenry has a separate tool to burn Solana tokens.