Create USDT pair for new token
Last updated
Last updated
To create a trading pair for your token with USDT first go through steps 1-5 on Deposit new token page to know how to create liquidity pools with new tokens at DeDust.io. Since you've already imported new token, you can add it to favorite tokens list at DeDust.io, in order to ease the interaction with your token on the platform.
Now go to the Pools page and press 'Create pool' button.
Choose your token for Coin 1 and choose USDT for Coin 2. To choose your token you can go several ways: either scroll down the dropdown tokens list, or use the search field, or just pick it up from favorites if you already added it. Entering the token's smart contract address into the search field, of course, will work here too.
After tokens on both sides are selected press 'Create' to complete the first step. It will require ≈0.26 TON to cover the network fees. A little less compared to those withheld in the step 7 in Deposit new token flow (look through steps 6-8 for clearer understanding) as now the vault for the token at DeDust already exists and we only need to create a pair. Here's an example of such transaction.
Confirm the transaction in your wallet.
After the transaction is complete now you can move to liquidity deposit step.
Even if you had to interrupt the process, you can continue it any time later as the tokens pair is already created. As only you choose your token (here TKN) and USDT on the pair creation screen, the process will automatically move you to the 'Deposit liquidity' step.
Before creating another liquidity pool for your token, carefully calculate the rates (see the calculations for TKN/USDT pair as an example), considering the already existing rate in the trading pair created earlier, if there is such.
After you defined the exchange rate proceed with liquidity deposit. In our example 1000 tokens (TKN) will be equal 5.60 USDT. Enter the amounts, check the rate and press 'Deposit'.
Make sure that you have at least 1.50 TON in your wallet to cover the blockchain fees. Keep in mind that for all further transactions (including the liquidity withdrawal, if you decide to) you'll also need TON to cover the network fees. Now confirm the transaction.
Sign the transaction in your wallet app. It will typically require up to 1.1 TON of network fees (1.00 TON in our case, a little more compared to TKN/TON liquidity deposit step 11 example, as in TKN/USDT case already two jettons are involved). Here you can see the example. The exact amount will depend on wallet app that you use, selected tokens and the network load and performance. Usually only a half of this amount (sometimes even ≤0.20 TON) is really being used. The rest goes back to your wallet after the transaction is completed. The network fee is taken with some excess to guarantee that your transaction and your assets won't stuck somewhere on halfway in the blockchain due to insufficiency of TON.
After all confirmations you'll get a notification at DeDust. The process may take few minutes. Press 'Open the pools list'.
As a result of successful liquidity deposit you will get LP (liquidity provider) tokens into your wallet (DeDust Pool: TKN/USDT in our case) that will serve as a proof of your ownership of the tokens deposited to the pool. Handle these LP carefully. If you don't see the LP tokens in your wallet check the wallet app assets display settings.
Comparing the TON balance in your wallet at step 10 before the transaction, and after its complition, you can see that the total amount spent on blockchain fees is only ≈0.15 TON.
After you've created the liquidity pool, your token is available for trading on DeDust.io with USDT in two ways: direct swaps (TKN <-> USDT in our case) or routed swaps using TON as an intermediary coin (TKN -> TON -> USDT and backwards) to provide users with the best rates. And exactly the same way it works with your token <-> TON swaps, using USDT as an optional intermediary token if it provides a better rate. The route will depend on the swap direction, amount of users swaps, liqidity volumes in both pools (here TKN/TON and TKN/USDT) and the global rates in TON/USDT pair as well. The swap will always go through the most profitable route for users, providing the biggest amount of token received as a result of swap.