# Create a New Market

DefiTuna allows users to create permissionless markets.

* Navigate to [https://defituna.com](https://defituna.com/). By default, you will land on the **Markets** section.
* Click the **Connect Wallet** button (the purple icon at the top of the page) and follow the prompts to connect the wallet you’d like to use.
* Click on **Create Market**, or directly on the **+** button in the header next to Markets.

### DefiTuna offers two market types:

* **Standard** — Create a market without leverage. \
  Supports both concentrated and full-range positions. \
  No deposit is required to create the market
* **Leveraged** *(Advanced)* — Create a market with up to 5x leverage (for both traders and liquidity providers). \
  It requires an initial full-range, permanently locked position.\
  A minimum deposit of $10 of each token is required in order to create the market.

{% hint style="info" %}
Creating a leveraged market will also create isolated lending pools for both the base and quote tokens.
{% endhint %}

{% hint style="warning" %}
If you are the market creator (Standard markets included), a leverage scale widget will appear once the pool is created meaning you'll be able to increase or decrease leverage over time, as long as you meet the full-range and locking requirements.
{% endhint %}

***

Follow these steps to create a market: 

* **Select your market type** — then **set your token** pair using each token's name or mint address.
* Click **Choose Market Type** to proceed.

{% hint style="info" %}

* **Set the initial price** — Enter the initial price for your token pair. Make sure it matches the current market price, given by Jupiter, to avoid losing initial liquidity to arbitrage.\
  A warning will appear if your input deviates by more than 2% from the current price.
* **Set the initial fee tier** — Choose the fee rate that best fits your token pair's expected volatility. Lower fees are generally better suited for stable pairs, while higher fees are more appropriate for volatile ones.
* **Set your initial position** 
  1. **For Standard markets**, you can choose between a full-range or concentrated position. 
  2. **For Leveraged markets**, you must deposit a minimum amount of TVL in your initial position to enable leverage.
* **Review and confirm** — Carefully review all parameters before submitting. Once the market is created, some parameters cannot be changed.
* Click **Create Market** and approve the transaction in your wallet. Your market is now live.
  {% endhint %}


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