Create a Liquidity Pool
Last updated
Last updated
If you want your token to be traded against other assets, you'll need to create a liquidity pool. A liquidity pool is a collection of cryptocurrency tokens locked in a smart contract on a decentralized exchange (DEX). It serves as a reserve, enabling users to exchange tokens directly using the pool's locked tokens without requiring a matching buyer or seller.
To create a liquidity pool, you first need a token. If you don’t already have one, you will need to launch a universal token.
Ensure that you have imported your token into your wallet. If you're using MetaMask, you can follow their official guide. For other wallets, please refer to their respective documentation for transferring tokens.
Be sure to copy the token address from the station page to ensure you select the correct token.
You can now create a liquidity pool to enable seamless exchanges. If you're using Uniswap, the process is straightforward — follow their guide on adding liquidity to Uniswap v3. For other DEXs, refer to their respective documentation for instructions on adding liquidity.
That’s it! You’ve successfully created a liquidity pool on a DEX, allowing your users to exchange tokens seamlessly.