Create a Pool
Last updated
Last updated
Navigate to the Earn menu and click on New Position on the top right side of the page.
Select a pair of tokens. Customize your pool by selecting one of the four fee tiers available.
Enter a starting price for your pool. Choosing a reasonable price similar to the market rates is important to avoid capital loss caused by arbitrageurs.
How does an unreasonable starting price result in capital loss?
The starting price will decide the ratio of tokens to be deposited in the pool. If the price of a token is much higher than the market rates, arbitrageurs will purchase the tokens from external sources and sell them in your pool for profit. This is equivalent to you purchasing the token at an unreasonably high price, which may result in a net loss of your position's value.
Enter the Min Price and the Max Price for your price range. Note that the pool will be available for trading only if the starting price is placed within the price range. If you want your pool to be available for trading at all times, click on the Full Price Range button below to provide liquidity to the entire price range from 0 to ∞.
Enter the amount of tokens you'd like to deposit. Filling out one side of the pair will automatically calculate the amount of the opposite side, based on the current price of the pool and your price range.
Review your transaction to ensure that all of the displayed information is correct. A pool creation fee of 100 $GNS exists for spam prevention purposes.
A pop-up from Adena will appear in a new window, prompting you to approve the transaction. Click on Approve to proceed.
Once your transaction is complete, use the search feature in the header to find your newly created pool.
Displaying Price Information
GnoSwap only displays price information about tokens that meet the VWAP criteria. Until then, all of the price-related data will be displayed as - . Learn more about the VWAP criteria in this section.
