5️Solana Liquidity Pool Removal Guide

Quickly remove liquidity on Raydium, streamline the operation process, and instantly adjust your liquidity strategy. SlerfTools enhances the efficiency of your asset liquidity management.

No need to wait for Raydium's up to 30-minute liquidity pool delay display. After adding liquidity, you can remove it at any time.

What does removing liquidity mean?

Removing liquidity from Solana tokens means extracting the tokens you have deposited in Swap liquidity pools such as Raydium or ORCA. Users choose to do this to reclaim their assets, reinvest elsewhere, or simply to take profits. This is an important step in managing your investments within the Solana DeFi ecosystem.

How to use Solana liquidity burning tool (Raydium V2):

1. Connect your wallet.

2. Retrieve the liquidity pool using the liquidity pool ID or token.

3. Check the current pool shares of the connected wallet.

4. Select or enter the amount of liquidity to remove.

5. Review the estimated amount of tokens to be removed.

6. Submit on-chain to complete the liquidity burning.

Preparation:

1. A computer or a mobile phone

2. Solana wallet (Phantom Wallet installation guide)

3. At least 0.1 SOL in the wallet (Raydium will charge 0.4 SOL)

4. Information related to the liquidity to be removed

Specific Steps:

1. Connect your wallet: SlerfTools currently supports various popular Solana wallets such as Solflare, Phantom, and OK Wallet. This guide will use Phantom wallet as an example.

Remove Liquidity Pool: Visit SlerfTools Liquidity Remover for Solana.

On the SlerfTools page, you can switch the language from the top right corner.

1. If you don't know the liquidity pool ID, you can switch to searching by token contract.

1. Check the current pool shares of the connected wallet.

1. Select or enter the percentage of liquidity to remove.

1. Review the estimated amount of tokens to be received from removing liquidity.

1. Submit on-chain to complete the removal of liquidity.

Frequently Asked Questions

What is a Pool ID?

Pool ID is the unique identifier for a liquidity pool on Raydium, also called AMM ID. Each liquidity pool has a unique Pool ID used to uniquely identify the pool on the Raydium platform. Users can use the Pool ID to access, trade, or provide liquidity to the pool. Through these liquidity pools, users can trade assets, provide liquidity, and earn transaction fee rewards.

How to find the Pool ID?

On the Solana explorer https://solscan.io/, find the transaction where you created the liquidity. Scroll down until you reach Instruction 5. Here, your liquidity pool address will be listed as #5 (“IdoId”).

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