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how-to-create-liquidity-pool-dpt.md

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How to create a Liquidity Pool on Uniswap for the Utility Token of your DPT?

Setting up a liquidity pool allows users to swap DPT's utility token for their existing assets. To facilitate your DPT’s ecosystem you must create a liquidity pool of your DPT’s liquidity token.

Prerequisites

  1. Utility token of your DPT. How to launch a utility token?
  2. Basic knowledge of how DEX works
  3. Your wallet must have a sufficient balance of the utility token and the token you want to create the pair against.
  4. You must define a price for your utility token.

For example,

Let's say I have a utility token of a DPT with the following details.

Address: 0xC6729C6cFc6B872acF641EB3EA628C9F038e5ABb, Name: Utility Token, Symbol: UTT

And I want to create a pair of (UTT / USDc). Since I am the first Liquidity provider of this token I will be defining the price of this liquidity pool.

For this example, I say that 1 UTT is equal to 0.1 USDc. And I want to add liquidity of 1000 UTT. In this case, I must have a balance of 1000 UTT and 100 USDc in my wallet.

Once you have checked all the prerequisites you can follow this Uniswap's article to create a liquidity pool.