How to lock liquidity in Raydium: Quick Guide
Enhancing trust in your token by locking liquidity is a sound strategy to attract investors. If you want your project to scale, locking liquidity is essential.
The token vesting conveys seriousness to buyers because the liquidity will remain there at least for the period we stipulate.
In this article I am going to tell you what token vesting is, how to lock your liquidity in Raydium and how to check that the liquidity is locked.
What is vesting of tokens
The vesting token consists of keeping a part (or all) of the liquidity blocked for a certain period of time.
Basically, during the liquidity lock a part of the supply will be unable to be traded, which provides predictability to investors.
This is primarily because no degen project would intend to lock liquidity, as immediacy is central to their objective. Therefore, implementing vesting is a transparent way to instill confidence.
How to lock liquidity in Raydium
To lock liquidity on Solana we will also use the Solana Token Vesting online tool. And we do the following:
- Connect your wallet.
- Select the liquidity pool you want to lock.
- Select lockout time (start date and end date)
- Enter the amount of tokens you are going to lock (the total amount is recommended).
- Input the acquisition URL (if using “smithii”, the acquisition URL will look like this: https://tools.smithii.io/token-vesting-panel/smithii)
- Configure "Add vesting periods" (optional)
- Set "receiver wallets" (optional)
- Add certificate information (social links and tokenomics, optional)
- Click on the "Create Vesting" button.
After completing these steps, your token's liquidity will be locked on Raydium, preventing token transactions until at least the stipulated period. Similarly, the tokens will be locked on DexScreener.
How to check that liquidity is blocked
Once you have locked the liquidity, you can go to a tool like DexScreener or DexTools and, by entering your token address, verify if it appears locked.
Conclusion
Locking a token's liquidity is an excellent alternative to build confidence and eliminate suspicions of a rug pull. Once you do so with the smithii tool for 0.1 SOL, you will be able to see the locked liquidity on DEXs like DexTool or DexScreener.
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Industrial Engineer. Member of the Smithii's marketing team. Solana trader. Collaborator in the $SHRIMP memecoin launch.