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Create Solana Liquidity Pool

CREATE A LIQUIDITY POOL IN SOLANA

If you have or are going to create a token in solana, the option of creating a liquidity pool is very interesting. We have several DEX where to create it, although the most chosen option is Raydium. Without further ado, let's go directly to the step by step tutorial on how to create a liquidity pool in Solana.

If you prefer the video version this is for you:

Here we explain how to create a Solana token.

2 WAYS TO CREATE YOUR LIQUIDITY POOL IN SOLANA

Usually the creation of a Liquidity Pool in Solana is done in 2 steps: Create an OpenBook Market and then proceed to Create the Liquidity Pool. However, within Smithii solutions, we have a tool to do it in one step, we are going to show you both options but if you want to go directly to how to create a Liquidity Pool in Solana in 1 step.

CREATE LIQUIDITY POOL IN SOLANA IN 2 STEPS:

CREATE OPENBOOK MARKET

Once you have your token ready, we start our process directly from the Smithii Tools in the "Create OpenBook Market" section: tools.smithii.io/openbook-market/solana and connect our wallet.

CREATE OPENBOOK MARKET - SMITHII

Basically, creating a market means that we will create a token pair with which we can later create the liquidity pool.

To create an "optimal" OpenBook Market we will have a cost of 2.8 SOL, but we can also modify the size of this Market ID to make it cheaper, starting at 0.4 SOL.

In summary, the main problem that can generate a cheap Marker ID would be that our token has many transactions and that a percentage of them give error because they are not processable by our marketplace.

Although under experiences shared with Smithii, to create memecoins that do not reach more than 500k MarketCap there is no problem.

Take it into account and decide what you prefer, but to create a serious project I recommend you not to skimp on expenses.

To start we must select the tokens that will form the pair. In "Base Token" we will select the token that we have created and has no value in the market yet.

We continue selecting the "Quote Token", that is, the token with value, I recommend using SOL or USDC.

Once this is done, we must indicate the minimum purchase and sale amount for the users of our liquidity pool. The most common is to set 100.

We continue with the minimum price modification, that is, the minimum price that will vary the price of our token. The most recommended according to Raydium is to set 0.000001 if we have previously set 100.

These numbers are for reference, taking as the average a token with 100M supply. You can follow any of the data in the following table for your OpenBook Market.

MIN-ORDER-SIZE-TICK-SIZE-GUIDE-SMITHII

Before finishing we can activate "advanced options" to modify the size of our OpenBook Market, I leave you the inputs that you should use for 3 different sizes that I can recommend, always taking into account the potential errors that can generate.

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

To finish, we will click on "Create Market" and confirm the transaction, which will be between 2.5 and 5 SOL. Once this is done, we will obtain the "OpenBook Market ID" that we will copy to go to the next step.

2. CREATE LIQUIDITY POOL SOLANA

Once the market is created in Raydium, we can proceed directly with creating the liquidity pool. It is important to note that you can only create the liquidity pool if your token is "Freeze", that is, it has limited the creation of more tokens, so its maximum supply is definitive.

To do so you can go to this page, select your token and complete the process. The cost is only 0.1 SOL.

REVOKE FREEZE AUTHORITY - SMITHII

Having this clear, we have to access directly to the section to create pools in Raydium: raydium.io/liquidity/create/ and  connect our wallet.

Here we paste the "OpenBook Market ID" that we have previously copied and click on confirm.

We continue with one of the key sections: setting the initialprice of our token and addingliquidity to the pool.

Regarding the starting price simply indicate the one you consider optimal, it is recommended to prepare a complete tokenomics to follow a strategy.

Continue indicating the amount of liquidity of each token you are going to deposit, remember to have enough in your wallet.

Finally, select the date of publication of the liquidity pool and click on confirm.

CREATE LIQUIDITY POOL SOLANA - SMITHII

After clicking on the button we will have to confirm 2 transactions, then we will see the IDofourliquiditypool (so we can easily search for it) and we will have finished the process. Now our Solana liquidity pool is created.

This liquidity pool will remain active on the page we entered at the beginning of this second step.

CREATE SOLANA LIQUIDITY POOL IN 1 STEP

As we told you, with Smithii's dApp "Create Liquidity Pool" you can do it in 1 step. Go to https://tools.smithii.io/liquidity-pool/solana and you will find the following view:

create-pool-of-liquidity-in-solana-by-smithiis-tools

This tool allows us to create our liquidity fund in Raydium with a friendly user interface and from only 1 SOL (up to 3.5 SOL depending on the configuration you use).

  1. Go to Create liquidity group ( https://tools.smithii.io/liquidity-pool/solana ) and connect your wallet to use the tool.
  2. Select the "Base Token" (the token you created and has no market value yet).
  3. Select theQuote Token (a token with market value, usually SOL or USDC).
  4. Set the "Min Order Size" (Minimumamount of tokens that users will be able to purchase).
  5. Set the "Tick Size" (Minimum amount that can change the price of your token)*.
  6. Set advanced options: Event Queue Length, Request Queue Lenght and Orderbook Lenght (only if you want to use a cheap Market ID, from 0.4 SOL)**.
  7. Set the number of tokens and SOL/USDC to be added.
  8. Set launch date (optional)
  9. Click on "Create Liquidity Pool" and accept the 3 transactions.

It will take a while to complete and then you will see the market ID and the address of the liquidity pool. Save them, as you may need the addresses for future use.

*You can use this chart as a reference for Min Order Size and Tick Size:

MIN-ORDER-SIZE-TICK-SIZE-GUIDE-SMITHII

**In "advanced options" we can modify the size of our OpenBook Market, I leave you the inputs that you should use for 3 different sizes that I can recommend you:

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

If you want to list your token in Jupiter Exchange here is how to add a token to Jupiter.

FAQ CREATE LIQUIDITY POOL SOLANA

IS IT ADVISABLE TO CREATE A LIQUIDITY POOL IN SOLANA?

Creating a liquidity pool in Solana can be very interesting, but you will need a strategy to follow so that your project is not affected. So before you start creating the liquidity pool, remember to prepare your tokenomics and your marketing plan.

HOW MUCH DOES IT COST TO CREATE A LIQUIDITY POOL IN SOLANA?

Creating a Liquidity Pool in Solana has 2 costs: Market Fees and Liquidity.
Market Fees are currently between 2.5 and 4 SOL.
The liquidity cost is up to you, i.e. you can add as much liquidity as you decide. If you are going to create a token from 0 and you don't want to add much liquidity, the most common is to start with a VERY low price, so the liquidity scales with the price of the token.

WHERE CAN I CREATE A LIQUIDITY POOL IN SOLANA?

The best known DEX in Solana are Raydium, Orca and Meteora. But the most used and known option is Raydium. With a simple and fast process.

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