Raydium is the largest DEX on the Sol chain

SlerfTools - Solana Toolset

Secure and open source, it provides Solana users with the most convenient one-stop experience.

Raydium is a relatively large decentralized exchange on the SOL chain, where anyone can create a liquidity pool. Once the pool is created, it can be traded immediately on the Raydium exchange interface.

  • Note: Before Raydium creates liquidity, it is necessary to give up the permission to give up (freeze), otherwise the creation will fail.

  • To revoke permissions, please go here >>> https://slerf.tools/token/revoke

The following is a tutorial on how to make a pool using Raydium:

1. Get the OpenBook market ID

  • Create an OpenBook Marketplace ID at this link: https://slerf.tools/lp/openbook (OpenBook Marketplace ID creation tutorial)

  • Please note that the cost of creating an ID is approximately between 0.55 and 3 sols (each ID can only correspond to one trading pair and cannot be reused)

  • Basic token: Fill in the token contract you issued

  • Quote token: trading pair token, such as USDT, SOL, etc.

  • Minimum order quantity: The minimum order quantity precision in the order book. If you fill in 2, the minimum transaction volume is 0.01. If you fill in 4, the minimum transaction volume is 0.0001. And so on, this is actually the decimal place of precision.

  • Minimum change unit: The minimum number of decimal places for price display/change. If you enter 3, the token price is displayed with 3 decimal places, such as 11.123. If you enter 5, the minimum token price is displayed with 5 decimal places, such as 11.12345.

  • Note: The sum of the minimum order quantity + the minimum price change cannot exceed the precision of the quote token

  • Configuration fee: low configuration (suitable for general Dogecoin), medium configuration (suitable for growth tokens), standard configuration (suitable for high-quality value coins)

  • Event queue length: No adjustment required

2. Kaikeko

After creating the OpenBook market, go to Raydium’s liquidity page and click the “Create Pool” button in the upper right corner.

  • Note: If you do not have an OpenBook market ID, you cannot add liquidity

3. Determine the price and ratio

  • Set the starting price of the base token: This is the amount of quote tokens required to buy 1 base token.

  • Set initial liquidity for base token and quote token: You can enter the initial liquidity in one direction and the other direction will be calculated based on the starting price of the base token.

  • Set the date and time you want the pool to start.

  • Make sure you have enough funds in your wallet for this initial liquidity, then click “Confirm and Initialize Liquidity Pool”.

IMPORTANT: Once you confirm and initialize your pool, you will no longer be able to edit the starting price, liquidity, or start time. Note that the start time is determined by the time on the chain.

  • After clicking Confirm, you will need to approve two separate transactions in your wallet. These transactions will create the pool, create the AMM account and ID, and add liquidity from your wallet. If you do not see one of these transactions, check that your wallet window is not hidden behind the main browser window. If you miss confirming a transaction, the process will fail and you will need to click Confirm again and then re-approve all transactions.

  • After confirming both transactions in your wallet, the new LP will have been created, you will get a new AMM ID, and the pot will be launched at the set launch time.

4. Remove liquidity (withdraw from the pool)

No need to wait, remove added liquidity at any time with SlerfTools.

Remove liquidity: https://slerf.tools/lp/remove

If you confirm that you have added the pool, you can select Liquidity on the Raydium page, and then scroll down the page to see your liquidity (the Sol chain is too slow now. According to the official statement, you may have to wait 16 hours to see your liquidity, but it will not affect transactions)

Click on your liquidity and you will see some options to add liquidity or trade. At this time, please choose to withdraw liquidity, as follows:

Then fill in the amount of LP you want to withdraw, click "Remove Liquidity", and after the wallet confirms, you can withdraw it. (If you select MAX, it means withdrawing all)

The above is the complete tutorial about adding/removing pools in Raydium.

If you have any questions, please come to our Telegram group: https://t.me/SlerfTools for help, thank you.