SHILL Issue 155

To create our OpenBook Market, we are going to use another Smithii Tool to Create an OpenBook
Market (https://tools.smithii.io/openbook-market/solana). To complete the process successfully, follow
these steps:
1. Connect your wallet in order to use the tool.
2. Select the “Base Token”. The token you created and doesn’t have a value yet.
3. Select the “Quote Token”. A token with value on the Market. Usually SOL or USDC.
4. Set the “Minimum Order Size”. It means the minimum token quantity that users will be able to
buy.
5. Set the “Price Tick”. It means the minimum quantity that the price of your token can change.
6. Set the advanced options (only if you don’t want to use the recommended values for a market
with a cost of 2.8 SOL)
These are the “inputs” you should use for the different Market IDs based on the cost.
0.4 SOL:
Event Queue Length: 128
Request Queue Length: 63
Orderbook Length: 201
1.5 SOL:
Event Queue Length: 1400
Request Queue Length: 63
Orderbook Length: 450
2.8 SOL:
Event Queue Length: 2978
Request Queue Length: 63
Orderbook Length: 909
You can also use other lengths aswell, but we consider these ones are standard.
Once you fill in all the inputs you should click on “Create Market” button and accept the transaction.
You will see the Market ID, remember to copy and keep it. You will need the ID for the next step.