Create a Pool

Overview

Creating a liquidity pool on CaviarNine is a simple process that allows users to provide liquidity for token pairs and earn trading fees. Follow the steps below to set up your own pool.

Steps to Create a Pool

1. Navigate to the Simple Pools Page

• Go to CaviarNine Simple Pools.

• Click on the "Create a Pool" button.

2. Select Tokens

• Choose the two tokens you want to provide liquidity for.

• Ensure that both tokens are available in your wallet.

3. Set Trading Fees

• Define the trading fee percentage for swaps within your pool.

• This fee will be distributed to liquidity providers as a reward.

4. Confirm the Starting Mid Price

• The system will suggest an initial mid price.

• Confirm or adjust the price if necessary.

• If the price is outside a reasonable range, you may see a warning symbol.

5. Set Token Balance and Ratio

• Adjust the token balance to maintain the correct liquidity ratio.

• The weight percentage will be displayed (e.g., 50% CAVIAR / 50% XRD).

6. Add Tokens to the Pool

• Enter the number of tokens to add or/and slide the slider. If you can't slide the slider then you don't have enough of one of the tokens

• Since pools operate on a ratio basis, both tokens must be added in proportion.

7. Create the Pool

• Click the "Create Pool" button to finalize the process.

• Your liquidity pool is now live and ready for swaps!

Additional Information

• Liquidity providers earn fees from each trade occurring within the pool.

• Once created, your pool will be available on the CaviarNine platform for others to trade.