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Create A New Pool

1. Proposing a new Pool

Anyone can propose a new pool which will be voted on-chain. To rally support and engage participation, you can use this proposal template and submit onto the forum to gather sentiment and feedback.
  • Create a new Pool
  • Create a new Pool with Bootstrap Program
  • Add Incentive Program
  • All-in-One Proposal

2. Submit On-chain Proposal

Once you are ready for a vote, then please follow the guide below to create an on-chain proposal.
The proposer must have enough a minimum deposit of
  • 200 ACA on Acala Network, or have a council member to submit it on behalf
  • 100 KAR on Karura Network, or have a council member to submit it on behalf.

Proposal - Create a New Pool

1) Submit preimage

This is to generate and submit the actual on-chain execution (namely preimage).
Go to Polkadot webapp, choose the network you are proposal to e.g. Acala or Karura, then navigate to Governance - Democracy
Click on Submit preimage button to generate the proposal hash.
A) Create a scheduler call to set a starting time for listing
  • Select scheduler.schedule for the proposal to execute at a specific block.
  • When: enter block number for the Bootstrap program to start.
  • Priority: 255 (default, changing to other priority may cause proposal to be rejected for network safety reasons)
  • Call: select dex.enableTradingPair
B) Enter listing token pair
Select TokenA and TokenB (Follow the guide here to create a new token)
Copy the preimage hash and submit the preimage.
2) Submit the Proposal
On the Governance - Democracy page, click on the Submit Proposal button, and paste the preimage hash there.
Click the Submit proposal button, and now your Referendum Proposal is online.

3) Second a Proposal

At any given time, there may be multiple proposals created. Only the most seconded (voted or supported) proposal will be tabled in for the next Referenda vote. Acala and Karura follows the Polkadot governance framework with their own set of parameters, read more on Polkadot governance process here.

Proposal - Create a New Pool with Bootstrap Program

If you want to list a token using the Bootstrap Program, please follow the guide below:

1) Submit preimage

This is to generate and submit the actual on-chain execution (namely preimage).
Go to Polkadot webapp, choose the network you are proposal to e.g. Acala or Karura, then navigate to Governance - Democracy
Click on Submit preimage button to generate the proposal hash.
A) Create a scheduler call to set a starting time for listing
  • Select scheduler.schedule for the proposal to execute at a specific block.
  • When: enter block number for the Bootstrap program to start.
  • Priority: 255 (default, changing to other priority may cause proposal to be rejected for network safety reasons)
  • Call: select dex.listProvisioning
B) Enter Bootstrap Program details
  • Token A and Token B: select token type and select token symbol or enter tokenId
    • Token currencyId is network native assets
    • ForeignAssets currencyId refers to assets from other chains
  • minContributionA: minimum contribution for Token A e.g. 1 token. Decimal is the same as token A decimal
  • minContributionB: minimum contribution for Token B e.g. 1 token. Decimal is the same as token B decimal
  • targetProvisionA: minimum liquidity requirement for Token A
  • targetProvisionB: minimum liquidity requirement for Token B
  • Not Before: enter a block number. the pool cannot be started before this block number
Note: you must enter the full decimal number. Find out decimals for Acala Assets and Karura Assets.
A liquidity pool can only be started once the following criteria are met:
  • The Not Before block has passed AND
  • Either Target Provision for Token A OR Target Provision for Token B has been met AND
  • Both Token A and Token has >0 liquidity
Remember to copy the preimage hash and submit the preimage
2) Submit the Proposal
On the Governance - Democracy page, click on the Submit Proposal button, and paste the preimage hash there.
Click the Submit proposal button, and now your Referendum Proposal is online.

3) Second a Proposal

At any given time, there may be multiple proposals created. Only the most seconded (voted or supported) proposal will be tabled in for the next Referenda vote. Acala and Karura follows the Polkadot governance framework with their own set of parameters, read more on Polkadot governance process here.

4) After Bootstrap Ends

Once a liquidity pool meets the following criteria:
  • The Not Before block has passed AND
  • Either Target Provision for Token A OR Target Provision for Token B has been met AND
You need to send the following transaction to trigger the pool to begin trading:
Navigate to Developer-Extrinsics - Submission
Select dex.endProvisioning
Token A and Token B shall be the same as when you create the Bootstrap Program
Submit the Transaction and your pool will now be open for trading.
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On this page
1. Proposing a new Pool
2. Submit On-chain Proposal
Proposal - Create a New Pool
Proposal - Create a New Pool with Bootstrap Program