Create a Liquidity Pool

On a decentralised exchange there is no order book matching buyers to sellers. Trades execute against a pool of two assets, and the pool's balance of those assets is what defines the price. Until a pool exists your token is technically valid but commercially inert: nobody can trade it, no chart site will list it, and no aggregator can route to it.

• •Enable trading — holders can buy and sell through Raydium, Jupiter, and any aggregator that routes through it.
• •Establish a price — the pool ratio is the price, which is what lets charting and portfolio tools display your token.
• •Reduce volatility — a deeper pool means each trade moves the price less, which makes the chart readable and the token usable.
• •Signal commitment — the size of the pool and whether the LP tokens are burned or locked are the first things experienced buyers check.

Costs

1. 01

   Revoke freeze authority first

   Raydium will not create a pool for a mint that can still freeze holder accounts, because the issuer could freeze the pool itself. Revoke freeze authority during token creation or with the revoke authority tool before you continue.

2. 02

   Select your token

   Connect your wallet and choose the SPL token you want to make tradable. Your balance is read on-chain so you can see what is available to deposit.

3. 03

   Set both deposit amounts

   Enter how much of your token and how much SOL to deposit. The ratio between the two is your opening price — there is no separate price field to fill in.

4. 04

   Choose a fee tier

   Pick the swap fee that traders pay and liquidity providers earn: 0.25% for stable or high-volume pairs, 0.3% as a general default, higher tiers for volatile pairs.

5. 05

   Confirm the transaction

   Approve in your wallet. Both deposits move into the pool, the market goes live on Raydium, and you receive LP tokens representing your share.

There is no price input. In a constant-product pool the price is simply the ratio of the two reserves, so your deposits decide where trading starts. If you deposit 1,000,000 tokens and 10 SOL, the opening price is 10 ÷ 1,000,000 = 0.00001 SOL per token. With SOL near $200, that is roughly $0.002 per token and an implied market capitalisation of about $2,000 across the full 1,000,000 supply.

Work backwards from the valuation you want rather than forwards from the amounts you happen to hold. Decide the opening price, decide how much SOL you are willing to commit, and the token side follows: token amount = SOL amount ÷ target price. Getting this wrong is not fatal — the market will reprice you within minutes — but an obviously mispriced launch invites immediate arbitrage at your expense.

The fee tier is the share of every swap paid to liquidity providers, which includes you in proportion to your share of the pool. A higher fee earns more per trade but makes your token more expensive to arbitrage, which means its price tracks the wider market less tightly. A lower fee attracts more volume and tighter pricing but earns less per trade.

• •0.25% — best for pairs with steady, high volume where tight pricing matters more than fee income.
• •0.3% — the general-purpose default and the same rate as Uniswap V2, suitable for most new tokens.
• •Higher tiers — compensate liquidity providers for volatile pairs where impermanent loss risk is greater.

Pool management does not end at creation. As volume grows you will usually want to deepen the pool, and you may need to withdraw a portion at some point. Both are separate tools:

• •Add liquidity to deepen the pool at the current ratio without changing the price.
• •Remove liquidity to redeem LP tokens for your share of both assets.
• •The SPL dashboard to see your pools alongside your token's supply and authorities.

Whatever you do, announce it first. Liquidity changes are public on-chain and visible on Raydium and every chart site within seconds, and an unexplained withdrawal is indistinguishable from a rug to the people holding your token.