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

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.

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