Creating a Whirlpool

Create a Whirlpool

  1. 1.
    Select Whirlpools at the top of the main screen.
  2. 2.
    With the Explorer tab active click on +Create a pool.
  3. 3.
    Read the explanation in the Create a Whirlpool modal, and then select Get started.
  4. 4.
    Enter Token A using its label, symbol or mint address, then repeat for Token B.
  5. 5.
    (Optional) if you have not already done so select Connect wallet.
  6. 6.
    Select Continue to next step.
  7. 7.
    Carefully set initial deposit parameters.
    Note: these parameters are critical to how your Whirlpool will operate. Whirlpool fee rates are analogous to spread in a traditional orderbook: a 0.30% fee rate equates to a 60 bps spread for traders. Different fee tiers are useful for market makers during varying levels of market volatility. Please do your research and swim carefully when creating your Whirlpool.
  8. 8.
    When you are ready select Preview.
  9. 9.
    Review details of your Whirlpool carefully.
    Warning: high transaction fees: creating a Whirlpool uses a lot of space on the blockchain. Solana network fees will be higher than for standard transactions.
  10. 10.
    Select Create Whirlpool and deposit, review and approve in your wallet: this transaction creates your Whirlpool.
  11. 11.
    A second transaction is needed to deposit to the Whirlpool, review and approve in your wallet.
  12. 12.
    That's it! Your Whirlpool is live!
    Note: you can find links in the modal to your Whirlpool, but new Whirlpools may take up to 10 minutes to appear in the explorer.
  13. 13.
    (Optional) select Add token to the Orca Token List if you wish to add a token to Orca’s token list - this will open a form on which you can submit a request. Please see How to add a token to the Orca Token List and/or How to add rewards to a Whirlpool.
    Note: To provide a better user experience, only tokens on the Orca Token List appear in the UI by default. However, any user can deposit to any Whirlpool, and users outside the USA can opt into trading any token, by selecting the Show all Whirlpools or the Show all tokens switches in the settings for the respective function.