Step-by-Step Guide to Creating a Meteora DLMM Stable Pool

On Solana, maintaining a fixed or near-fixed token price is rarely achieved through market forces alone. Most teams rely on specialized liquidity pool designs to enforce price stability at the protocol level.

Traditionally, Raydium CLMM stable pools have been the go-to solution. PandaTool already provides full tooling and documentation for CLMM pools:

• Raydium CLMM Pool Creator https://solana.pandatool.org/createpool
• Raydium CLMM Guide https://help.pandatool.org/sol/clmm

Introducing Meteora DLMM — A More Advanced Stable Pool Model

PandaTool has recently launched support for Meteora DLMM liquidity pools.

Meteora is one of the top three DEXs on Solana. Despite launching later than Raydium, it quickly gained traction through innovative liquidity mechanics, becoming one of the largest DEXs in the ecosystem.

Its core innovation, DLMM (Dynamic Liquidity Market Maker), allows projects to:

• Lock token prices at a fixed level
• Maintain ultra-low slippage
• Earn continuous trading fees

This makes DLMM ideal for:

• Stablecoins
• Pegged tokens
• Internal settlement tokens
• DAO or utility tokens

Wallet Compatibility Note DLMM pools may not be supported by OKX Web3 Wallet yet. If trading is unavailable, use:

• Meteora
• Jupiter

DLMM Pool Creation Workflow

1. Open PandaTool liquidity creation page
2. Select token pair and create pool
3. Create a liquidity position
4. Confirm transactions in wallet
5. Test token swaps
6. Manage liquidity positions

Step-by-Step: Creating a Meteora DLMM Stable Pool

1.Open PandaTool & Connect Wallet

Visit:https://solana.pandatool.org/meteora

Or access it via the PandaTool menu.

Click Connect Wallet (Phantom supported).

Once your wallet address appears, the connection is successful.

2. Select Tokens & Create Pool

After connecting, PandaTool will detect your wallet tokens.

Select:

• Base Token: Your issued token (no tax tokens supported)
• Quote Token: USDT, USDC, SOL, etc.

Set the fixed trading price:

Example:

• Base: PandaTool
• Quote: USDT
• Price: 1

This means 1 PandaTool = 1 USDT permanently.

Key Properties:

• Price is immutable
• No slippage scaling
• Fully deterministic pricing

Confirm the transaction in your wallet.

If you see a simulation revert error, your token is likely a tax-enabled Token2022, which is not supported by Meteora DLMM.

3. Create a Liquidity Position

A pool without liquidity cannot be traded.

After pool detection, you’ll be redirected to the Position Management page.

Example deposit:

• PandaTool: 100,000
• USDT: 1

Deposit ratios are flexible and do not need to match price.

Confirm the transaction. Ensure your wallet holds at least 0.5 SOL for fees.

4.Swap Tokens & Verify Price Stability

Click Swap to test trades.

Observed results:

• Price deviation within ~0.01%
• Effectively stable pricing

Pool balances update in real time.

5.Liquidity Management Options

Once live, you can:

Add Liquidity

Increase pool depth and capacity.

Remove Liquidity

Withdraw partially or fully.

Claim Fees

• Default trading fee: 0.01%
• High volume pools can generate meaningful revenue.

Close Position

• Remove 100% liquidity
• Receive ~0.05 SOL refunded creation fee.

FAQ

Q1: Pool created but cannot trade? You must add liquidity by creating a position.

Q2: Where can I trade the token? PandaTool, Meteora, and Jupiter all support it.

Q3: Is the price 100% stable? In practice, deviation stays within 0.1% or less.

Q4: Why did creation fail? Tax-enabled Token2022 or insufficient SOL balance.

Q5: Cost to create a DLMM pool?

• Pool creation: Free
• Position creation: ~0.4 SOL

For further questions, join the PandaTool Telegram community:https://t.me/pandatool_en