4️⃣Create OpenBook Market ID
Last updated
Last updated
As users are experiencing permission-related difficulties on the market ID creation site provided by OpenBook, Dexlab opened a service site exclusively for the market ID creation function today (December 6). Therefore, Dexlab can help you if you created your market ID from this link, but if you created it on the site provided by OpenBook, we cannot help you. So if you have difficulty proceeding with the OpenBook service, please contact the OpenBook DEX. IT IS NOT DEXLAB's SERVICE.
If you have less than 3 $SOL but executed transactions, the platform fee will be paid although creating a market ID does not proceed. The platform fee cannot be refunded so please do note that creating an OpenBook market ID needs at least 3 $SOL for the transaction fee.
Default setting: 'Create Market ID.'
If you are trying to create an OpenBook market ID, do not change it to the 'New Token' tab.
Base Mint: Your token mint address.
Min. Order Size: Orderbook minimum order quantity.
Example) set to 4 -> Can make an order to 0.0001 unit.
Example) set to 0 -> Can make an order to 1 unit.
Example) set to 1 -> Can make on order to 0.1 unit.
Price Tick: Price display digits.
Example) set to 5 -> The price of the token is displayed in 5 decimal places like 11.12345
Example) set to 4 -> The price of the token is displayed in 4 decimal places like 11. 1234
The minimum order size cannot be larger than the base token's decimals.
The price tick size cannot be larger than the quote token's decimals.
'Minimum order size' + 'Price Tick' cannot be larger than the quote token decimals.
Example) Your base token A's token decimal is set to 9. And pairing token A with USDC. USDC is a quote token and its' token decimal is 6. The minimum order size cannot be larger than 9. The price tick size cannot be larger than 6. 'Minimum order size' + 'Price Tick' cannot be larger than 6 (quote token decimals). Therefore, you can make the minimum order size and price tick set to 3 and 2 (total 5, less than 6). However, cannot be 4 and 4 because the sum exceeds 6.
Estimated transaction fee of creating OpenBook market ID.
Again, If you have less than 3 $SOL but executed transactions, the platform fee will be paid although creating a market ID does not proceed. The platform fee cannot be refunded so please do note that creating an OpenBook market ID needs at least 3 $SOL for the transaction fee.
Extra market listing form ➡️ https://wkf.ms/3RWeUIE
This form is to request a listing on an extra market. To smooth out the process, please provide the following information. It will be listed on average after about 2 weeks of review.
To be listed in the Main market, please check here for the condition ➡️ Market Listing Conditions
