# Permissionless Saros DLMM Pools

## Creating a New Liquidity Pool with Saros DLMM

In this guide, you'll learn how to open a new liquidity pool on Saros DLMM, understand the key differences between AMM mode and DLMM model, and explore how Bin Steps (BPs) work in V2 pools.

### Step 1: Open a Pool

#### Go to the Pool page and click "Create New Pool.

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcoPMy0xQIZTL5K3Yx6XcOR9O7De7qmRwSOu3b9d9dVfvENIM3MEbRpHRYmlm7uwJw8j4EcM6Ys2wCT_hoVqGAN-RvnWu-vvN9knPk2HKjBk40dF49K8yUnbbN1N2NQaqt0gBSEag?key=EScwljywqStSr316FqgDznuS" alt=""><figcaption></figcaption></figure>

#### V1 vs. V2: What’s the Difference?

**V1: Traditional Constant Product Pool (x\*y=k)**

* Maintains a 50/50 balance of both tokens across a full price curve from $0 to ∞.
* Ideal for new token listings on the DEX.
* Automatically balances your assets — good for set-it-and-forget-it liquidity.

**V2: Saros DLMM Pool**

* Allows concentrated liquidity: provide liquidity only within specific price ranges.
* Significantly increases capital efficiency, but also comes with more risk and responsibility.
* Requires active liquidity management to stay within range.<br>

### Step 2: Configure Your V2 Pool

When creating a V2 pool, you’ll need to:

* Select Base and Quote Assets
  * Base Asset (Token X): The token being priced. Can be any token.
  * Quote Asset (Token Y): The token used to define the price, limited to major tokens like AVAX, ETH, or USDC for optimal routing and liquidity.
* Set Your Bin Step (Bps)
  * Bins are individual price points where liquidity is concentrated.
  * Bin Step (Bps) defines the price gap between each bin.

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXft6WujWFctk5sGRSBqPqC83sdh4OKEFHy936gs0GXXvJCvHSeCwdt-AGNgf5dcTeruOgkqkTlGB2BWtBBzh3jYMPYCCZidDjdy8caTCzwoxvIWB2SBUTK063V4caNelUZBLufuLw?key=EScwljywqStSr316FqgDznuS" alt=""><figcaption></figcaption></figure>

#### Understanding Bin Steps (Bps)

Each pool is made of bins — think of them as containers holding liquidity at fixed prices. The Bin Step determines how wide or narrow the price gaps are between bins:

**Example:**

* 20 bps (0.2%)
  * ARB/USDC Bin 1: $1.21464
  * ARB/USDC Bin 2: $1.21707
* 100 bps (0.8%) over 20 bins covers a 22% price range
* 20 bps (0.2%) over 20 bins covers only a 4% price range

{% hint style="info" %}
For new tokens, a higher Bin Step (wider price gaps) may simplify liquidity management and reduce the need for frequent rebalancing.
{% endhint %}

***

### Step 3: Finalize & Launch Your Pool

Before launching:

* Set the Active Market Price\
  This is crucial — the price you enter will be the starting point for the pool.\
  ✅ Ensure it reflects the actual market price of the asset.\
  ❌ Entering the wrong price can lead to arbitrage losses and unrecoverable funds.

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfWLxJI-Vq4iDSGZ5a2xV9VIHIVSXznmfKr_JSQy1zMujll7ecg1nw2oITK1Wprn22xCFMtBYNHHVVPanM-fAc-yZIRglknvOGXrWZnx_V_UEcrIF8eJz6PlmXwL12cj8ckkE66rQ?key=EScwljywqStSr316FqgDznuS" alt=""><figcaption></figcaption></figure>

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