A token is
inert until liquidity is added โ no price, no market,
nothing to trade. This is what that next step involves. Read it
before you do it: it's where real money is at stake, and it is not
something to improvise.
The Hatchery does not add liquidity for you
โ you do this yourself, on a DEX.
โ ๏ธ Don't add a single dollar of liquidity until you
understand all four sections below. The LP Lab goes deeper still.
1 ยท Starting ratio โ this sets your opening price.
To open a pool you deposit two things: your token and SOL (or USDC). The
ratio of those amounts
is the starting price โ fewer tokens
against more SOL opens higher, more tokens against less SOL opens lower.
It is the single most consequential number in a launch. Decide the
opening price you intend first, then work the deposit amounts backward
from it.
2 ยท Standard pool vs. concentrated liquidity โ the
decision new creators get wrong most.
A standard pool (constant-product AMM) spreads your liquidity
across every price from zero to infinity. Simple and forgiving โ there is
always liquidity at every price. Most tokens should launch this way.
A concentrated-liquidity pool lets you place liquidity only inside
a chosen price range. Far more capital-efficient โ but on a
brand-new token it is a sharp tool that cuts you if mishandled:
โข If price trades outside your range, your position becomes 100%
one asset and stops earning fees โ a too-tight range can leave a fresh
token with effectively no liquidity within minutes of launch.
โข With no price history, you're guessing the range blind. Too
narrow and a normal early swing strands it; too wide and it behaves like
a standard pool anyway.
โข For a first launch: use a standard pool, or a concentrated pool with
a very wide range. Tight ranges are a tool for managing an
established token โ not for opening a new one.
โข Single-sided positions: some concentrated pools let you deposit
only your token (no SOL) in a range above the current price โ a staged
sell wall. A deliberate strategy, never a default. Understand it fully
first.
3 ยท Locking the liquidity. Whether you lock or
burn the LP tokens you receive when the pool is created. Buyers check
this โ unlocked liquidity is the classic rug vector (the creator can pull
it). Locking or burning is what signals you won't.
4 ยท Where to add it. Each DEX has its own pool
creation flow โ note which support concentrated liquidity:
โข
Meteora โ โ DLMM pools
are concentrated-liquidity; also has simpler dynamic pools. Popular for
memecoin launches.
โข
Raydium โ โ standard
AMM pools plus concentrated (CLMM). The most widely integrated DEX on
Solana.
โข
Orca โ โ Whirlpools are
concentrated-liquidity, with a clean, beginner-friendly interface.
๐ Learn the full math first โ the LP Lab.
The
LP Lab on
clucknorris.app โ teaches liquidity, AMMs, impermanent loss, fee
structures, and concentrated liquidity in depth. Work through it before
you open a pool. The Hatchery stops at the mint on purpose โ the launch
is yours, and it's worth doing slowly.