Overview for How to Start and Configure a Liquidity Provider Node
Introduction
This tutorial is designed to assist liquidity providers in smoothly launching the program and completing the configuration. The process is generally divided into three steps:
- Launch the program
- Configure the wallet
- Configure the trading pairs
Start the program
First, you need to register and launch an Olares system. After that, you will need to complete the installation of the Otmoic LPNode application.
Configure the Wallet
Congratulations on successfully launching the program! Next, let's follow the tutorial to configure the wallet for transaction use. There are several configuration options available, but we recommend deploying a production environment using an external signing server, as this option offers excellent security.
- External Signing Server (recommended)
- Managed by ChanClient with private key signing (not recommended; please refer to the source code)
- Managed by Secret Vault with signing performed by ChanClient (not recommended; please refer to the source code)
Configure Trading Pairs
This is the final configuration step. Once completed, your program will begin quoting and executing trades. Let’s finish this exciting last step!
In this step, you need to configure the following:
- At least two Token
- At least one AMM strategy
- If you have KYC requirements for trading parties, you will need to configure the corresponding black and white lists (optional)
After completing the above steps, you can follow this document to configure the trading pairs.
Tips
If you find that the public RPC nodes are inaccessible, you can also switch to your own RPC node.
If you configure a new wallet after registering with the relay, please notify the relay to update the information after completing the on-chain authentication.
In addition to the step-by-step configuration tutorial above, we also provide a configuration video
If you want to set up monitoring and alerts for Otmoic LP, we offer a solution for that as well, though it does require some coding skills.