> For the complete documentation index, see [llms.txt](https://docs.caviar.sh/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.caviar.sh/user-guides/creating-a-new-shared-pool.md).

# Creating a New Shared Pool

The creation of a new Shared liquidity pool is completely permissionless. Any user can create a liquidity pool for a new collection.\
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Navigate to the "Manage Liquidity" page. \
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Enter the desired NFT collection’s smart contract address into the search bar then click One-click deposit. <br>

<figure><img src="/files/ceYbc91Jq5hJ7q8kZi0z" alt=""><figcaption></figcaption></figure>

Select the rarity and then click "Create pool". \
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The V3CoolNFT collection has now been added but there are currently no NFTs or ETH in this pool so no trades can occur yet.

<figure><img src="/files/uatdlWK7FSgqHqUZm5Pp" alt=""><figcaption></figcaption></figure>

After the pair is created, you will be able to enter in a custom price since you are the pool creator. For example, if the current market price of V3CoolNFT is 1 ETH, you would enter 1 ETH. \
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Select the rarity, custom price, NFTs to deposit, and then click "deposit". \
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Note: you will need to sign an approval transaction for the NFT collection if you haven't approved the use of the contract previously.&#x20;

<figure><img src="/files/KIgazVg0GiulqpErDv37" alt=""><figcaption></figcaption></figure>

Now the V3CoolNFT pool has initial liquidity in NFTs and ETH. Trading can now occur within this liquidity pool. &#x20;