> For the complete documentation index, see [llms.txt](https://help.dedust.io/en/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.dedust.io/en/liquidity/create.md).

# Create new pool

To trade a pair that has no pool yet, you need to create one. It takes two steps: creating the pool, then depositing the initial liquidity.

### Step 1. Create the pool

1. On the [Pools](https://dedust.io/pools) page, press **Create pool**.
2. Choose the two tokens to pair. If one of them isn't whitelisted, [import it first](/en/trade/tokens.md#how-to-import-a-token).
3. Select the trading fee tier and the token (or both) in which your earnings will be collected.
4. Press **Create** and confirm the transaction in your wallet.

Once the transaction goes through — usually a minute or two — you'll proceed to the deposit step automatically.

> You can create several [CPMM v2 pools](/en/liquidity/pools/types.md#cpmm-v2-pool) for the same pair, as long as their configurations differ.

### Step 2. Deposit the initial liquidity

Unlike depositing into an existing pool, here you enter amounts for both sides. **The proportion you enter sets the pool's initial exchange rate.**

What happens next depends on whether a market rate for the pair already exists.

**If the pair is already traded elsewhere.** Type in one amount and DeDust fills in the other automatically, based on the current market rate. This is the **Lock rate** toggle, on by default. Keep it on unless you have a reason not to — a rate that differs from the market invites arbitrage bots the moment the pool goes live.

**If the token is brand new,** with no pools and no market rate, there's nothing to calculate from: enter both amounts yourself. The proportion becomes the starting price.

**To set your own rate deliberately,** switch **Lock rate** off and type both amounts manually.

> **Check the rate before confirming.** If pools with your token already exist anywhere — including other DEXs — they will pull your pool's price toward theirs. A rate set too far from the market can shift instantly and cost you funds.

Adjust [slippage](/en/trade/price_impact.md#slippage-and-slippage-tolerance) if needed, then press **Deposit**. At this step you can also [permanently lock your liquidity](/en/launch/lock.md).

Review the details, press **Confirm** and sign in your wallet.

> If a token has no estimated fiat ($) price in the interface, [make it tradable](/en/launch/fiat_price.md): deposit at least $50 of liquidity in GRAM or USDT.

When the transaction completes, open your pool's summary page and go to **My position** to see your tokens and your share.