How to Create Solana Liquidity Pool

After creating your token, the next step is to make it tradable by setting up a liquidity pool on Raydium, a popular choice for token trading. Our platform simplifies the process of creating a liquidity pool with Raydium. Follow this guide to get started.

To enable trading for your token, follow these steps:

(1) Create a Market ID.

First, visit tokenizer.io/openbook-market and connect your wallet.

You will see the following on the interface:

Let’s create your OpenBook Market ID on Solana without any coding, using our dApp "Create OpenBook Market." It’s quick, taking about a minute.

Ensure your wallet is connected.

Creating a market involves setting up a pair of tokens that can later be used to establish a liquidity pool.

Start by selecting your "Base Token"—this is the newly created token that currently holds no value.

Next, choose the "Quote Token"—usually SOL or USDC, a token with established value.

Set your "Minimum Order Size," which specifies the smallest amount of your token that users can buy.

Then, define the "Price Tick," which is the smallest change in price allowed for your token.

Refer to the chart below for guidance on setting the Minimum Order Size and Price Tick parameters:

Complete the process by clicking “Create Market” and confirming the transactions. Note that creating a market ID costs 2.8 SOL. For tips on reducing this cost, refer to this article...

Remember to save your Market ID as it will be needed when creating your liquidity pool.

(2) Revoke Freeze Authority.

To set up a liquidity pool, the token freeze authority must be revoked. You can easily do this on our platform.

Visit tokenizer.io/revoke-freeze-authority and connect your wallet.

Select your token and click on "Revoke Freeze Authority."

(3) Create a Liquidity Pool.

With your market set up in Raydium, proceed to create your liquidity pool. Note that this can only be done if your token’s supply is fixed and frozen.

Go to the liquidity pool creation section on our platform: tokenizer.io/liquidity-pool and connect your wallet.

Paste your saved OpenBook Market ID, confirm, and specify the amount of your token and quote token to add to the pool.

You can set a launch time for the liquidity pool, or if you prefer, launch it immediately by clicking "Initialize Liquidity Pool." Your token is now tradable.

How to Burn Solana Liquidity Pool Tokens

Head over to sol-incinerator.com, connect your wallet, locate your LP token under the LP section, and burn it to complete the process.

If you don't see the LP section, enable Pro Mode.