DeepBook V3: Permissionless Pool Creation

In DeepBook V3, anyone can permissionlessly create a trading Pool for any asset pair, provided a pool for that exact asset combination does not already exist.

1. Key Rules and Formulas

Pool Parameters configuration

When creating a pool, the creator must specify three mathematical values:

1. Tick Size: The minimum price increment of the asset pair.
2. Lot Size: The minimum increment of the base asset that can be traded.
3. Min Size: The minimum order quantity allowed for the base asset.

Tick Size Formula

Tick size must be calculated using the following formula: $$\text{Tick Size} = 10^{(9 - \text{base_decimals} + \text{quote_decimals} - \text{decimal_desired})}$$