Create Liquidity Pool
Last updated
Last updated
First, please navigate to the All Pools section.
At the very bottom, click on the “Create a New Liquidity Pool” button. At this point, your Wallet must be connected to Tealswap.
The explanations for each item are as follows.
Component description
First Token Address The address of the first token that makes up the liquidity pool. Please input a valid token address.
First Token Amount The Token amount you want to provide as initial liquidity. Please input a value that does not exceed your current balance. You can enter a very small value if you prefer. Users who provide liquidity in first and second token amount will receive LP Tokens, and you can check them in your Portfolio after providing liquidity to the pool.
Second Token Address The address of the second token that makes up the liquidity pool. The order of the tokens doesn’t matter, but it must be a valid token address and different from the first token.
Second Token Amount The Token amount you want to provide as initial liquidity. Please make sure to input a value that does not exceed your current balance. You can enter a very small value if you prefer, it’s totally fine.
Initial Liquidity Ratio Once you input the amounts for the First token and Second token, the initial ratio of the liquidity pool will be automatically calculated. You can set this ratio to any value you prefer, it doesn’t matter. Even if you choose an initial liquidity ratio significantly different from the market ratio, as swaps occur, the prices will converge closer to the market prices.
Create Liquidity Pool If you have entered all the valid values, the execution button will be activated. Please click it, to move on to the next step.
To create a liquidity pool at Tealswap website, an token approval process is required to supply the specified token amount and create the pool.
If you have already approved liquidity provision or any other actions, you will be automatically directed to create a liquidity pool step.
Shall we go through this process step by step together?
1. Start Approve process
If you haven’t approved the specified Token Amount for both tokens required to create the liquidity pool, you will see separate approval screens for the First token and Second token.
Please press the “Approve” button on each screen sequentially to proceed a Metamask process.
2. Execute Metamask approve
When you approve tokens at the metamask, please refer to Minimum Approve Amount vaule on the Tealswap window.
If you try to approve an amount lower than the requested value, the transaction won’t meet the required conditions for execution, and you’ll be asked to repeat the Approve process.
3. Complete Token Approval
Now that the Approval process is completed, you can proceed with creating the Liquidity Pool! Please click the “Create Liquidity Pool” button on the screen below to proceed.
After submitting the Liquidity Pool creation request, you will see the completion screen shortly.
Once you go back to the All Pools section, you will see that the Liquidity Pool has been successfully created.
