OpenBook Market Creation

Create new trading markets on OpenBook DEX with customizable parameters for lot size and tick size. Supports integration with Raydium AMM v4.

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Usage

const signatures = await agent.openbookCreateMarket(
  new PublicKey("base-token-mint"),   // Base token
  new PublicKey("quote-token-mint"),  // Quote token
  1,                                  // Lot size
  0.01                               // Tick size
);

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Parameters

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Example Prompts

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Natural Language Prompts

"Create a new USDC/SOL market on OpenBook"

"Setup trading pair for my token with 0.1 tick size"

"Create market with custom lot size of 100"

"Initialize OpenBook DEX market for token pair"

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LangChain Tool Prompts

// Basic market creation
{
  "baseMint": "EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v",
  "quoteMint": "So11111111111111111111111111111111111111112"
}

// Custom configuration
{
  "baseMint": "EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v",
  "quoteMint": "So11111111111111111111111111111111111111112",
  "lotSize": 100,
  "tickSize": 0.1
}

​

Example Implementation

import { SolanaAgentKit } from "solana-agent-kit";
import { PublicKey } from "@solana/web3.js";

async function createTradingMarket(agent: SolanaAgentKit) {
  try {
    // Create USDC/SOL market
    const signatures = await agent.openbookCreateMarket(
      new PublicKey("EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v"), // USDC
      new PublicKey("So11111111111111111111111111111111111111112"), // SOL
      1,    // 1 unit minimum order
      0.01  // $0.01 minimum price increment
    );
    
    console.log("Market created:", signatures);
    return signatures;
  } catch (error) {
    console.error("Market creation failed:", error);
    throw error;
  }
}

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Market Configuration

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Lot Size

• Determines minimum order size
• Must be positive number
• Affects order book granularity
• Consider token decimals

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Tick Size

• Sets price increment
• Must be positive number
• Affects price precision
• Balance precision vs liquidity

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Implementation Details

• Uses Raydium SDK for market creation
• Supports standard SPL tokens
• Sequential transaction execution
• Multiple signature requirements

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Error Handling

try {
  const signatures = await agent.openbookCreateMarket(...);
} catch (error) {
  if (error.message.includes("TOKEN_PROGRAM_ID")) {
    // Handle token program mismatch
  } else if (error.message.includes("decimals")) {
    // Handle decimal configuration issues
  }
}

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Best Practices

1. Market Configuration

   • Choose appropriate lot sizes
   • Set reasonable tick sizes
   • Consider token decimals
   • Plan for volume

2. Token Compatibility

   • Verify token programs
   • Check token standards
   • Validate decimals
   • Test with small amounts

3. Transaction Management

   • Handle multiple signatures
   • Monitor confirmations
   • Implement retries
   • Log market details

4. Integration

   • Plan Raydium integration
   • Consider AMM v4 usage
   • Test order flow
   • Monitor market health

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Common Issues

1. Token Program

   • Incompatible token standards
   • Wrong program IDs
   • Missing approvals
   • Invalid mints

2. Configuration

   • Invalid lot sizes
   • Inappropriate tick sizes
   • Decimal mismatches
   • Parameter conflicts

3. Transaction

   • Signature failures
   • RPC timeouts
   • Network congestion
   • Balance issues

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Common Token Addresses

• USDC: EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
• SOL: So11111111111111111111111111111111111111112
• USDT: Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB
• RAY: 4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R

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Related Functions

• raydiumCreateAmmV4: Create AMM with market
• getBalance: Check token balances
• trade: Execute trades
• createTokenAccount: Setup accounts

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Notes for Raydium Integration

When creating markets for Raydium AMM v4:

1. Create OpenBook market first
2. Use market ID for AMM creation
3. Ensure token program compatibility
4. Consider fee configurations