# Quick guide to create pools in GOAT Swap

By [Laplace](https://paragraph.com/@laplace-3) · 2022-09-04

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_Updated as of version 1.00, 4th Sep 2022._

Goat Swap is a NFT AMM swap on Solana for NFT liquidity providers to provide liquidity like in niswap. The website is below:

[https://goatswap.xyz/](https://goatswap.xyz/)

If you don’t know an AMM, please check with uniswap \*\* [here](https://www.coindesk.com/business/2021/02/04/what-is-uniswap-a-complete-beginners-guide/)\*\*.

**How to to create a pool:**

**Step1:** First of all, you will need a Solana wallet to sign in goat swap. If you don’t know how to get a Solana wallet, check [**Phantom**](https://phantom.app/) website to get one.

**Step2:** You will need some sol in your wallet, say 0.5 to 1 sol. (1 sol = 32 USDT as of the time writing this article). If you don’t have any sol, please go to Binance to buy some. If you don’t have a Binance account, you can use my referral code 39614183 or [**referral link**](https://accounts.binance.com/en/register?ref=39614183) to register Binance account.

[https://accounts.binance.com/en/register?ref=39614183](https://accounts.binance.com/en/register?ref=39614183)

**Step3:** Once you have wallet ready, click the ‘Connect Wallet’ on the top right side.

![Connect Wallet](https://storage.googleapis.com/papyrus_images/79891ea1f53c019bdbfef215684c326c55065872863fc8bf46cf7f2e2b3435de.png)

Connect Wallet

If successful, you would see it becomes below:

![Login Successfully](https://storage.googleapis.com/papyrus_images/66ffa21cae1f76919be0c3554720479b6c3ea13d3ce1c6f8d1610a94a6575c9d.png)

Login Successfully

**Step 4:** Goat Swap only allows verified collections to be pooled. You can click ‘Your NFTs’ to see what NFTs you own that you can create a pool for.  If you don’t have one, you need to buy one. Click ‘Collections’ to find an NFT to buy.

![](https://storage.googleapis.com/papyrus_images/27e8ba11a6a4a1b0f13812f088534320677535e14e53d41c94e5a6ecbd8602cf.png)

It is quite simple to buy one NFT here. Let’s take the collection of Bitmon Creatures as an example . You find the #8700 is 0.053 sol and click Buy now. (make sure you have enough sol). Phantom will pop up a notice window to ask you to approve. Once it is done correctly, you should find your nft by clicking Your NFTs.

![This collection looks cute.](https://storage.googleapis.com/papyrus_images/a7b9e9447e60c8de31d1489c6aefd73ef193908dd5930ad3a7513c239cf2ea1e.png)

This collection looks cute.

![I bought it !](https://storage.googleapis.com/papyrus_images/827c3a3b1a146cb47d93947603c1df0661b2a8d3349b83739194788ead724e42.png)

I bought it !

**Step 5:** Now you have an eligible NFT and some solana, so let’s create a pool! Click the button ‘Your Pools’.

![](https://storage.googleapis.com/papyrus_images/b425672df44e67f0c14c02404674385551699ea12858fa0c2d441b6db5244a3e.png)

Obviously you don’t have any pool yet. So click ‘Create a pool to buy, sell, or trade NFTs’ . It pops up a window like this below.

I choose **‘Do both and earn trading fees’ ,** it means that you will be forced to buy or sell Bitmon Creatures NFT as a liquidity provider.

I choose **’Amount of NFTs to Buy’** as 1 , because you only have 1 and want 1 NFT to participate.

**Start price (SOL)** I set it as 0.05, as I think 0.05 sol is a fair price to buy / sell this NFT.

**Change price by (SOL)** is the delta price changed per each NFT bought / sold in the portfolio. It defaults to the linear model. It means if the pool buys 1 NFT the price to buy another will decrease by delta.  If the pool sells 1 NFT the price to sell another NFT will decrease by delta.

**Fee (%)** Here comes profit, set a percentage to meet your risk appetite. I use 10%.

**Selected 1 NFTs** Select 1 NFT to add into the pool.

Then you need to deposit 1 NFT and 1 0.04 sol into the pool. Why is 0.04? actually it is 0.045

![](https://storage.googleapis.com/papyrus_images/6fdfde2dba2400834204759ad08c53eb6e3fe1fcd9b2137bfdc827bd78e5037b.png)

Once click approve, you should see the pool info as below, you 0.0445 tokens and 1 NFT pooled.

Check the collection, you will find #8700 NFT there. Now, you are providing liquidity and have fun!. Remember, once you provide double-sided liquidity, your NFT and tokens will trade automatically, so make sure you are aware of the risks.

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*Originally published on [Laplace](https://paragraph.com/@laplace-3/quick-guide-to-create-pools-in-goat-swap)*