In today's lecture, we learned about creating Liquidity Pools on Solana. Harkirat introduced the concept of permissionless DEXs available on Solana and focused on using Raydium for performing low-level swaps and creating Liquidity Pools for our custom tokens. We also did hands-on practice to understand these concepts clearly.

ETH VS SOLANA

Solana

In the browser sends a createToken command to the Token Program on Solana, which creates the token for you automatically.

Real-Life Example:

Now think of Solana as a giant automated toy factory. If you want a toy (your token):

1. Submit a Request: You (the browser) send a simple form (createToken command) to the factory.
2. The Factory Handles It: The factory has all the tools (the Token Program) to create your toy (token) instantly, without requiring you to know how toys are built.

Key Characteristics:

• No need to write your own blueprints.
• The tokens are created using the factory’s predefined process (Token Program).
• It’s faster and simpler but doesn’t allow for as much customization.

Ethereum

We see a client deploying a smart contract on Ethereum to create tokens like USDC, Kirat, or DOGE.

Real-Life Example:

Think of Ethereum as a construction company. If you want to build a custom house (your token), you need to: