05.04.2024 Views

SHILL Issue 155

Solana ecosystem magazine

Solana ecosystem magazine

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CREATE LIQUIDITY POOL<br />

Once we have our token ready, we can go directly to create a liquidity pool. On Solana, we first need to<br />

create an OpenBook Market and then add the liquidity, but we can do it all in one step with the<br />

Smithii “Create Liquidity Pool” Tool.<br />

This tool allows us to create our liquidity pool on Raydium with a friendly user interface and from just 1 SOL (up to 3.5 SOL<br />

based on the settings you use).<br />

Create Liquidity Pool Solana<br />

1. Go to Create Liquidity Pool (https://tools.smithii.io/liquidity-pool/solana) and connect your<br />

wallet to use the tool.<br />

2. Select the “Base Token,” which you created but has no value on the market yet.<br />

3. Select the “Quote Token”. A token with value on the Market. Usually SOL or USDC.<br />

4. Set the “Minimum Order Size”. This is the minimum token quantity that users will be able to<br />

buy.<br />

5. Set the “Tick Size”. It means the minimum quantity that the price of your token can change.<br />

You can use this chart as a reference for Min order size and Tick size.

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