Creating a CLMM Pool and Farm

Introduction to CLMM Pool and Farm Creation

Creating a Concentrated Liquidity Market Maker (CLMM) pool and farm on CrossDex allows users to provide liquidity in a specified price range, enhancing capital efficiency. This section guides you through the steps to create a CLMM pool and set up a farming campaign to incentivize liquidity provision.

Steps to Create a CLMM Pool

1. Access the Pool Creation Interface:

   • Navigate to the "Pool" section on CrossDex and select "Create Pool".

2. Select CLMM:

   • Choose the CLMM option for concentrated liquidity.

3. Choose Token Pair:

   • Select the two tokens you want to pair in the liquidity pool.

   • Ensure you have sufficient balance of both tokens in your wallet.

4. Define Price Range:

   • Set the minimum and maximum price range within which liquidity will be concentrated.

   • Consider historical price data and market conditions to choose an optimal range.

5. Input Initial Liquidity Amounts:

   • Enter the amount of each token you wish to provide as initial liquidity.

   • The interface will show the corresponding amount of the other token required based on the current price.

6. Approve Tokens:

   • If this is your first time creating a pool with these tokens, you will need to approve them for use on CrossDex.

7. Create Pool:

   • Review all the details and confirm the creation of the pool.

   • Approve the transaction in your wallet to finalize pool creation.

Setting Up a Farming Campaign

1. Navigate to the Farming Section:

   • Go to the "Farming" tab on CrossDex and select "Create Campaign".

2. Select Your Pool:

   • Choose the newly created CLMM pool from the list.

3. Define Farming Parameters:

   • Set the reward token for the farming campaign (e.g., CDE).

   • Specify the total reward amount and distribution duration.

   • Define the start and end dates for the farming campaign.

4. Approve and Launch Campaign:

   • Approve the use of reward tokens.

   • Confirm and launch the farming campaign, making it live for users to stake their LP tokens and earn rewards.

Benefits of Creating a CLMM Pool and Farm

• Enhanced Capital Efficiency: Concentrating liquidity in specific price ranges maximizes the use of provided assets.

• Incentivized Liquidity Provision: Farming campaigns attract more liquidity providers by offering additional rewards.

• Improved Market Depth: Higher liquidity in specific ranges improves trading experiences for users.