💱Creating a pool

Every pool is a 2-asset bidirectional basket where both tokens can be equally exchanged

We are trying to do our best to showcase how you manage your pools on Taraswap, but revert to this Uniswap Page to understand pools in detail.

To create a pool on Taraswap, go to https://www.taraswap.app/#/pool -> https://www.taraswap.app/#/add/ETH.

Pool creation walkthrough

1. Choose Your Token Pair:

• Pick two tokens (e.g., TARA and USDT).

• You’ll need both tokens in your wallet.

2. Choose your fee tier:

• Decide the fee tier for your liquidity.

• Guidelines are added as hints(from 0,01% for stable pairs to 1% for very volatile and exotic ones).

2. Set Your Price Range:

• Decide the price range for your liquidity.

• Example: “I’ll provide TARA/USDT liquidity between $1 and $100 per TARA.”

• This means your tokens are only used for trading when the ETH price is in this range.

3. Add Liquidity:

• Add in one of the tokens and the app will calculate the other token's value.

• Approve tokens if you haven't approved yet. This will trigger an on-chain action and will ask your for a MAXIMUM UINT256 value so that you don't need to approve once more in the future.

You can choose to approve only the required amount, but in that case, you'll need to approve again if you deposit more tokens.

• Deposit both tokens into the pool.

• The amount you need depends on your price range and how much liquidity you want to provide.

4. Earn Fees:

• When trades happen within your price range, you earn trading fees.

• Fees depend on the fee tier of the pool (e.g., 0.05%, 0.3%, or 1%).

5. Stay Active:

• If the price goes out of your range, you stop earning fees.

• You can update your price range or withdraw your funds.

• Collect your fees via clicking the collect button.