Create Openbook Market ID - Raydium Market ID 0.23 SOL
What is an Openbook Market ID?
Raydium.io, one of the most popular DeFi platforms on the Solana network, requires you to create an "Openbook Market ID" to list and trade your token project on the platform. OpenBook is a decentralized and open-source tool of the Serum V3 program on Solana. Creating an Openbook Market ID is mandatory to list on DeFi platforms such as Raydium.io.
0.23 Creating a Market ID in exchange for SOL
The cost of creating a Market ID on Raydium.io is usually around "3 SOL". However, through Openbookgui.com, one of the platforms that supports Openbookv2, you can create a 100% compatible market ID for only 0.23 SOL. With this method, you can create a market ID that is fully compatible with Serum V3 liquidity. You can access the Openbookgui.com website via the following link https://www.openbookgui.com/
Note: On platforms like Dexlab, it is strongly discouraged to try to reduce the fee by changing the "Length" values. This is the wrong approach and can lead to errors in Serum V3 liquidity. As a result of these errors, users may encounter frequent errors in trading, which will seriously damage your project's reputation. I have made the video below for you to better understand all the steps and to see how easy the process is.
Steps to Create Openbook Market ID
First, go to https://www.openbookgui.com/ and connect your Phantom wallet (Openbook v2 is only supported by Phantom and requires a non-mobile device).
Base Mint: In this field you need to enter your token contract address.
Quote Mint: You do not need to change this field, but you can use USDC or USDT if you wish.
USDC Address: EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
USDT Address: Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB
Min. Order Size: This is set to "1" by default, but you can customize it if you want by referring to the table below.
Price Tick: This is set to "4" by default, but you can customize it.
You can use the examples below to customize your Tickers settings.
Review all your settings and make sure you have enough (0.23 SOL) in your account, then click the "Create" button to complete the process. Market ID creation takes approximately 15 seconds.
In my next article with more information about Raydium.io liquidity, I will try to explain the topic with simpler explanations and examples. Goodbye for now and good luck!
Openbook-v2: https://github.com/openbook-dex/openbook-v2/blob/master/idl/openbook_v2.json











