Solana: OpenBook or Liquidity Pool – Borooq International

Creation of a liquidity pool on Solana with Raydium SDK V2: A step by step guide

When you build a liquidity swimming pool for your Solana blockchain token, it is essential to understand the different approaches and tools available. In this article, we will explore two popular methods to create a liquidity pool using the Raydium SDK V2: OpenBook and Liquidity Pool.

OpenBook Marketid

You are right that many online resources suggest starting with a Marketidid OpenBook. However, as you discovered, OpenBook is not directly available on Raydium SDK V2. Instead, you can use a bypass solution to create an Openbook type structure using the liquidity pool module.

To create an OpenBook in Solana without a real Marketidid Openbook, follow these steps:

Create a new liquidity pool on your favorite exchange (for example, UNISWAP or SUSHISISWAP).

Configure the pool as desired (for example, define the pair of tokens and the reserve quantities).

Use the SDK V2 Raydium to create a new liquidity pool through the configuration of the existing pool.

Configure the liquidity pool on the Raydium platform using the liquidity_pools module.

Here is an example of an extract of code to illustrate this process:

`Python



Import raydium





Create a new liquidity pool with the existing configuration

Pool = Raydium. Liquiditypool (

    name = "program

    token_pair = (programmatic_token_id, program

    reserve_amounts = ({

        "Programmatic_token": 1000000,

        "Other_token": 500,000

    }),

    Liquidity_pool_id = "123456789"

))



Create the liquidity pool on the Raydium platform

Raydium.create_liquidity_pools (

    pool,

    Market_ids = none, 

you can ignore this for the creation of OpenBook

))

'



 Liquidity pool with a market 

If you always want to create a real Marketidid Openbook, you will need to use the integrated liquidity pool creation features of the "Raydium" SDK V2. Here are the steps:


Create a new liquidity pool on your favorite exchange (for example, UNISWAP or SUSHISISWAP).



Configure the pool as desired (for example, define the pair of tokens and the reserve quantities).

Use the SDK V2Raydiumto create a new liquidity pool with an existing market:

Python



Import raydium



Create a new liquidity pool with the existing configuration

Pool = Raydium. Liquiditypool (

    name = "program

    token_pair = (programmatic_token_id, program

    reserve_amounts = ({

        "Programmatic_token": 1000000,

        "Other_token": 500,000

    }),

    Market_id = "123456789" 

Replace your desired market with your OpenBook

))



Create the liquidity pool on the Raydium platform

Raydium.create_liquidity_pools (

    Pool, 

pass in the configuration of existing pool

))

` ‘

Conclusion

In conclusion, although it may seem counter-intuitive to create an OpenBook without OpenBook Marketidid, the two methods can be used according to your specific use case. The SDK V2 “Raydium” provides a flexible means of building liquidity pools and marketsids using the liquidity pool module. By understanding these different approaches, you will be better equipped to create the structure of the liquidity pool that meets your needs.

Additional resources

Raydium SDK V2 Documentation: <

Solana ecosystem resources: <

Note: The module of liquidity pools is always a relatively new feature, and more documents and tutorials will be available in the future.

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