# Liquidity Management

### Liquidity management

Adding liquidity is crucial for your token’s success.

* Enables trading on decentralized exchanges
* Helps provide price stability

TaxSplit supports both **Raydium** and **Meteora**.

#### Adding liquidity

{% stepper %}
{% step %}

### Choose your DEX

Select between:

* **Raydium** (most popular)
* **Meteora** (lower fees)

Each has different fee structures and pool types.
{% endstep %}

{% step %}

### Set initial price

Determine your token’s starting price by setting the SOL/token ratio.

This is critical for your tokenomics.
{% endstep %}

{% step %}

### Add liquidity

Deposit equal values of SOL and your token.

More liquidity generally means less price slippage for traders.
{% endstep %}
{% endstepper %}

#### Locking LP tokens

Locking LP tokens proves to your community that you won’t remove liquidity (rug pull). This builds trust.

* **Lock duration**: choose from **1 month** to **5 years** (longer locks build more trust)
* **Verification badge**: locked liquidity earns a **blue verification badge** on TaxSplit


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