Factory Pool 🔜
Last updated
Last updated
Factory pool allow anyone to create a liquidity pool on Garuda DeFi by permissionless .
It is highly suggested you carefully read and understand this entire guide before creating a pool.
When a new pool is created, a small fraction of the initial liquidity is transferred to the pool vaults instead of being minted as LP tokens to ensure the liquidity pool is never empty and new liquidity positions can be added.
LP tokens can be burned, which effectively transfers the underlying assets & trading fees to the pool.
After create and provide initial liquidity of the pool, you can no longer edit the pair and starting price!
On Garuda DeFi market pool, click the button "Create Pool"
Set the base and quot token for your pool. If your token already registered on Garuda DeFi, you can select them from the list.
Use token address to import your unregistered token by paste the CA (Contract Address)
Click create pool, approve the transaction on your wallet and your pool is already listed on Garuda DeFi
You will have 2 options to provide initial liquidity by now or later.
After the pool listed, anyone can provide initial liquidity (if they have those base and quot assets) then the trade will be live in a seconds.
Click "provide liquidity now" after create pool or go to listing pool and click "Provide initial Liquidity"
Enter the amount of base token and quote token to create initial price
Ensure that you have adequate funds in your wallet for this initial liquidity, then click 'Initialize Liquidity Pool' and approve the transaction on your wallet.
