# Create Liquidity pool

A liquidity pool is an on-chain reserve managed by a smart contract that holds two or more assets and algorithmically quotes swap prices. By launching a pool, you bootstrap the market for a token pair & earn a share of trading fees (and any bonus incentives).

This guide describes the end-to-end walkthrough to **create a liquidity pool** on Ferra's DLMM & CLMM pool and seed it with initial liquidity.

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