Meteora
  • Meteora: The most dynamic and sustainable liquidity layer on Solana
  • PRODUCT OVERVIEW
    • Meteora Liquidity Pools
      • DLMM Overview
        • What is DLMM?
        • DLMM Program
        • Dynamic Fees
        • Strategies & Use Cases
        • DLMM Farming Rewards
      • DLMM Launch Pool Overview
      • Dynamic AMM Overview
        • What is a Dynamic AMM Pool?
        • Dynamic AMM LP Fee and APY Calculation
        • Creating a Dynamic AMM Pool via the UI
        • Claiming Fees from Permanently Locked Liquidity
        • Dynamic AMM Stable Pools
        • Dynamic LST Pools
        • Additional yield from Dynamic Vaults
        • Dynamic AMM Farm Overview
      • Memecoin Pool Overview
        • What is a Memecoin Pool?
        • Permanently Locking Liquidity
      • Stake2Earn Pool Overview
        • What is a Stake2Earn Pool?
        • Stake2Earn for Launchpads
      • Multi-Token Stable Pool Overview
    • Alpha Vault Overview
    • Dynamic Vault Overview
      • What is a Dynamic Vault?
      • Dynamic Vault Program
      • Hermes - Meteora's Keeper
        • Algorithm to find optimal yield allocations
        • Rebalance crank
        • Operation fee calculation
      • Design Goals
      • Security
      • Dynamic Vaults Whitepaper
      • Dynamic Vaults Community Explainers
      • Affiliate Program for Dynamic Vault
        • Become an Affiliate Partner (Dynamic Vaults)
  • INTEGRATION
    • DLMM Integration
      • DLMM SDK
        • DLMM TypeScript SDK
        • CPI Examples
      • DLMM API
      • Fetching information on locked liquidity in a DLMM
    • Dynamic AMM Pool Integration
      • Dynamic AMM SDK
        • Dynamic AMM TypeScript SDK
        • CPI Examples
      • Dynamic AMM API
        • Pool Info
        • Pool State
      • Setting Pool and Fee Config for Dynamic AMM Pools
      • Create Dynamic Pool with Timestamp/Slot Activation
      • Dynamic AMM - Farm Integration
    • Memecoin Pool Integration
      • TypeScript Code Examples
      • CPI Examples
      • Setting Pool and Fee Config for Memecoin Pools
      • Track permanently-locked liquidity in Memecoin Pools
      • Track Protocol Fee from swaps in Memecoin Pools
    • Stake2Earn Pool Integration
    • Dynamic Vault Integration
      • Using TypeScript-Client
      • Using Rust-Client
      • Using CPI
      • Vault API
        • Vault Info
        • Vault State
      • Vault Developer Resources
    • Alpha Vault Integration
      • Alpha Vault TypeScript SDK
      • Alpha Vault without Whitelist Setup
      • Alpha Vault with Whitelist Setup
  • TOKEN LAUNCH POOLS
    • Steps to Create a Pool for a Token Launch
      • Create: DLMM Launch Pool
      • Create: Dynamic AMM Pool
      • Create: Memecoin Pool
      • Create: Stake2Earn Pool
      • Create: Pools with Alpha Vault
        • Create: DLMM Launch Pool with Alpha Vault
        • Create: Dynamic AMM Pool with Alpha Vault
        • Create: Memecoin Pool with Alpha Vault
        • Create: Stake2Earn Pool with Alpha Vault
    • Fee Suite for a Token Launch
  • Resources
    • Audits
    • Meteora Program IDs
    • Meteora APIs
    • Devnet Testing
    • Community Data Dashboards & Tools
    • Meteora Brand Assets
    • THE MASSIVE METEORA STIMULUS PACKAGE
      • Overview
      • 1. Dynamic Liquidity Market Maker (DLMM)
      • 2. Formation Of An LP Army DAO
      • 3. The 10% Stimulus Proposal
  • USER FAQ
    • Getting Started LPing
      • Supported Wallets
      • Prepare SOL
      • SOL required for Rent
      • What is Wrapped SOL?
      • What is an AMM?
      • What does it mean to provide liquidity?
      • How to swap to the tokens required for adding liquidity to a pool
      • How to quickly check if a token has any risks
      • Viewing your transaction history
      • My wallet has been compromised. What should I do?
    • Differences between DLMM and Dynamic Pools
    • DLMM FAQ
    • Dynamic AMM FAQ
      • How is the pool price of the token calculated in a Dynamic AMM?
      • What is a Meteora LP token?
      • How do I see fees earned on a Dynamic AMM Pool?
      • How to track your earnings for a Dynamic Pool?
      • What is Virtual Price in a Dynamic Pool?
      • How do LP tokens, fees, and virtual price work for Dynamic Pools?
      • Why must I add liquidity in non-stable Dynamic Pools using a 50:50 value ratio?
      • What is AMP in a Dynamic Pool with stable coins?
      • Why is the USDT-USDC pool not 1:1 in ratio of assets?
      • Can I create an LST, FX, or Multi-token pool using the Dynamic Pool creation tool?
    • Alpha Vault FAQ
    • How do I create a new farm?
    • Video Tutorials to Get Started
      • LP Army Boot Camp
      • DLMM Strategy Sessions / Jam Sessions
  • Security and Risks
    • Risk of Impermanent Loss (IL)
    • Risk of depositing into an imbalanced pool / pool with price out of sync
    • Smart contract risk
    • Risk of a stablecoin depeg
    • Operational risk for dynamic vaults and pools
    • Lending risk for dynamic vaults and pools
  • legal
    • Terms of Service
    • Stake2Earn Terms of Service
Powered by GitBook
On this page
  • Summary
  • Getting Started
  • Resources
  • Dependencies
  • Scripts
  • 1. Create DLMM Launch Pool
  • 2. Seed liquidity
  • 3. Set DLMM Launch Pool status
  • After deployment
  • When can you withdraw tokens from the pool to the position owner?
  • Other Configuration Details
  • For Testing Bun Scripts
  1. TOKEN LAUNCH POOLS
  2. Steps to Create a Pool for a Token Launch

Create: DLMM Launch Pool

Summary

DLMM Launch Pool is a special pool type designed for new token launches.

It is based on DLMM and comes fundamentally equipped with a feature set that makes it optimal for bootstrapping liquidity for new tokens and making the tokens accessible on Jupiter and other trading integrations.

DLMM Launch Pools can also be created with an Alpha Vault as part of the token launch process. This is optional.

Below we provide the steps to use Bun to configure and run sample scripts to conveniently set up a DLMM Launch Pool on your own.

Getting Started

  • Clone repo: https://github.com/MeteoraAg/meteora-pool-setup

  • Config list to reference: https://github.com/MeteoraAg/meteora-pool-setup/tree/main/config

  • Readme: https://github.com/MeteoraAg/meteora-pool-setup/blob/main/README.md

Resources

  • DLMM SDK on github: https://github.com/MeteoraAg/dlmm-sdk

  • DLMM API endpoints: https://dlmm-api.meteora.ag/swagger-ui/#/

  • Devnet: https://devnet.meteora.ag/

Dependencies

  • Install Bun: You'll also need bun to run the scripts. Install it via bun installation. Then install the dependencies by running the command bun install

Scripts

The following code examples can be used to initialize and seed a DLMM liquidity pool on Meteora using a customizable permissionless liquidity bin pair (LB pair). It allows you to configure parameters for the pool, including fees, pricing, curvature, and activation conditions, before executing initialization and seeding commands.

1. Create DLMM Launch Pool

  • Clone repo: https://github.com/MeteoraAg/meteora-pool-setup

  • Select an example config to reference and change the parameters inside according to your needs: https://github.com/MeteoraAg/meteora-pool-setup/tree/main/config

  • Run the script with the config file which is updated with your preferred parameters.

  • For example, run:

    • bun run src/create_pool.ts --config <./config/create_dlmm_pool.json>

    • Replace <./config/create_dlmm_pool.json> with the path to your config file, after you have set your config parameters.

Important Notes:

  • The max bin step you can set for a DLMM pool is 400 bin step.

  • When creating a DLMM pool, there are 3 roles in position that you can config:

    • Position Owner: Wallet that owns the liquidity

    • Operator: Wallet that can deposit and withdraw tokens on behalf of the Position Owner

    • Fee Owner: Wallet that gets the fees from that position

  • During the initialization of the DLMM pool, pool creator needs to have at least 1 lamport worth of the base token in the wallet to prove ownership.

  • If you plan to use a multisig on the Meteora website, please make sure it is the SquadsX multisig, as that is the only type supported on Meteora website. Otherwise, you can't manage liquidity through the website.

2. Seed liquidity

2.1 Seed liquidity using ilm curve distribution strategy

This is the standard type of token launch liquidity distribution used by past LFG projects such as JUP, WEN, CLOUD etc.

  • You can first use this ilm curve tool to determine the suitable parameters for your launch.

  • Reference this config file https://github.com/MeteoraAg/meteora-pool-setup/blob/main/config/seed_liquidity_lfg.json and set your preferred parameters.

  • Run the script with the config file which is set with your preferred parameters.

  • For example, run:

    • bun run src/seed_liquidity_lfg.ts --config <./config/seed_liquidity_lfg.json>

    • Replace <./config/seed_liquidity_lfg.json> with the path to your config file, after you have set your config parameters.

2.2 Seed liquidity using single bin strategy

This is a unique token launch strategy where all liquidity is allocated into a single bin.

  • Reference this config file https://github.com/MeteoraAg/meteora-pool-setup/blob/main/config/seed_liquidity_single_bin.json and set your preferred parameters.

  • Run the script with the config file which is set with your preferred parameters.

  • For example, run:

    • bun run src/seed_liquidity_single_bin.ts --config <./config/seed_liquidity_single_bin.json>

    • Replace <./config/seed_liquidity_single_bin.json> with the path to your config file, after you have set your config parameters.

Important Notes:

  • When seeding liquidity using the endpoint, both Operator and Position Owner need to have at least 1 lamport worth of the base tokens to prove ownership. If the Position Owner doesn't have any base tokens, then the Operator will need to send 1 lamport worth of the base token to Position Owner. But the script will check if Position Owner has tokens and if not, it will bundle a transfer instruction to send 1 lamport worth of the base token from the Operator to the Position Owner.

  • In the code example, lock_release_point refers to the time the liquidity position can be withdrawn. If it is set to zero, it means the position can be withdrawn immediately after trading starts.

  • If you plan to use a multisig on the Meteora website, please make sure it is the SquadsX multisig, as that is the only type supported on Meteora website. Otherwise, you can't manage liquidity through the website.

3. Set DLMM Launch Pool status

You are able to disable the pool prior to pool activation time (before trading starts) and enable it later before or after pool activation time. After pool activation time, once enabled the pool cannot be disabled by you again.

  • Reference this config file https://github.com/MeteoraAg/meteora-pool-setup/blob/main/config/set_dlmm_pool_status.json and set your preferred parameters.

  • Run the script with the config file which is set with your preferred parameters.

  • For example, run:

    • bun run src/set_dlmm_pool_status.ts --config <./config/set_dlmm_pool_status.json>

    • Replace <./config/set_dlmm_pool_status.json> with the path to your config file, after you have set your config parameters.

After deployment

To view pool on the UI, access the link below

  • For DLMM pool: https://app.meteora.ag/dlmm/<POOL_ADDRESS>

When can you withdraw tokens from the pool to the position owner?

  • CustomizablePermissionless DLMM: After pool activation point (trading starts)

Other Configuration Details

There are various config files that can be found in the config directory.

It contains all the configurations required to run the scripts. We also need to provide the keypair for the payer wallet in keypair.json file.

DLMM Pool can also lock liquidity, so the lock_release_point can be set to some indefinite time then it 'unlocks'

General configuration

  • rpcUrl: Solana RPC URL to get data and send transactions.

  • keypairFilePath: Keypair file path to send transactions.

  • dryRun: Set to true to send transactions.

  • computeUnitPriceMicroLamports: CU price in micro lamports unit. For example: 100000.

  • createBaseToken: Configuration to create base token.

  • baseMint: Base token address if the createBaseToken field is not set.

  • quoteSymbol: Quote token symbol, only SOL or USDC is supported.

  • quoteMint: Quote token mint, in case the user wants to create a DLMM launch pool with a token other than SOL or USDC.

  • dlmm: DLMM pool configuration.

Some configuration constraints:

  • createBaseToken and baseMint cannot be used together.

  • dynamicAmm and dlmm cannot be used together.

Create Base Token configuration

  • mintBaseTokenAmount: Base token amount to be minted.

DLMM configuration

  • binStep: DLMM pool bin step.

  • feeBps: Fee bps for DLMM pool.

  • initialPrice: Initial pool price.

  • activationType: To activate pool trading based on slot or timestamp.

  • activationPoint: To activate pool trading at a point, either slot valut or timestamp value based on activationType.

  • priceRounding: Should be up or down.

  • hasAlphaVault: Whether alpha vault is enabled or not for this pool.

  • creatorPoolOnOffControl: Allow creator to turn on/off pool control.

NOTICE: There is only one DLMM pool that can be created with the same base and quote tokens, using the instruction initializeCustomizablePermissionlessLbPair. So if users are using that instruction to create a new DLMM pool with the same base and quote tokens, but with different parameters, then the transaction will be failed.

For Testing Bun Scripts

First, run the localnet

bun run start-test-validator

Then run the test: bun test

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Last updated 3 days ago