Form a market

1 · Existing token

The asset is an EXISTING ERC-20 on Base. Governance must have enabled it on the factory and named its creator; only that creator may form its one market.

2 · Inventory

Whole tokens to place in the market. This is the NET market inventory you intend; the exact net the pool pulls — and the gross your wallet is debited, — are DERIVED on the review screen. Nothing here is a default.

3 · Quote asset

Only quotes the factory has approved can be chosen. Approval is read live.

4 · Reference price

The opening price is calibrated against the asset's EXISTING market — at least two distinct venues, one of them a TWAP — or against an attested no-existing-market claim with an explicit opening FDV. There is no automatic reader for this yet; what you enter here is what the market is priced from, and it is re-checked before signing.

TWAP

Opening multiplier (1.0–1.5)

PRIVATE BETA OVERRIDE: accept a fragmentation breach as a visible warning instead of a refusal. Leave off unless you understand why the calibration would otherwise refuse.

5 · Pool fee preset

Two presets, compiled into the factory. Not a slider. The fee is part of the pool key, so the two presets are different pools at different addresses.

A formed market's fee is permanently locked. It is part of the pool key, so a different fee is a different pool — never an edit to this one.

The factory’s own presets could not be read, so they are not confirmed here. Reading the factory…

6 · Fee destinations

Both default to your connected wallet and are IMMUTABLE once the market forms. The SATO revenue router and the infrastructure destination are factory immutables.

Project quote fee destination (70% of quote fees)Project token fee destination (100% of token fees)

7 · Prepare → review

Calibrates the opening price, derives the ranges and the EXACT inventory, predicts the vault address and hash-commits the whole configuration. Nothing is signed.