This page pairs with
products/clmm/accounts (what the accounts are) and products/clmm/math (what the math is). It is authoritative for arguments and account ordering; specific byte layouts come from the IDL.Instruction inventory
Most admin-only instructions (
CreateAmmConfig, UpdateAmmConfig, UpdatePoolStatus, CreateSupportMintAssociated, CreateOperationAccount, UpdateOperationAccount, CloseProtocolPosition) are gated by the program’s hardcoded admin pubkey. Reward-stream admin instructions (TransferRewardOwner, CollectRemainingRewards) are gated by the reward funder, not the program admin.
V2 suffix means “supports Token-2022 on vaults / NFT, requires bitmap-extension slot”. The SDK picks V2 by default for new pools.
CreatePool
Arguments
Preconditions
token_mint_0 < token_mint_1by byte order.amm_config.disable_create_pool == false.- Mints are not rejected by the Token-2022 extension allow-list.
pool_state.sqrt_price_x64 = sqrt_price_x64,tick_current = floor(log_{1.0001}(price)).pool_state.liquidity = 0(no positions yet).pool_state.fee_on = FromInput(legacy default).pool_state.dynamic_fee_infois zeroed (dynamic fee disabled).
CreateCustomizablePool
Recommended for new pools. Same effect as CreatePool plus per-pool fee-collection mode and an optional dynamic-fee opt-in.
Arguments
CreatePool plus, when enable_dynamic_fee = true:
Preconditions — same as
CreatePool. If enable_dynamic_fee = false, dynamic_fee_config is ignored.
Postconditions
pool_state.fee_onset to the chosenCollectFeeOnvariant.- If dynamic fee was enabled:
pool_state.dynamic_fee_infois initialized from the suppliedDynamicFeeConfig(five calibration parameters copied; state fields zeroed). - Otherwise:
pool_state.dynamic_fee_infois zeroed (= dynamic fee inactive forever for this pool).
fee_on and the dynamic-fee enablement bit are set only at pool creation. There is no in-place upgrade — pools created via legacy CreatePool cannot retroactively gain dynamic fee or single-sided fee. New deployments should default to this instruction.
OpenPositionV2 / OpenPositionWithToken22Nft
Create a new position inside an existing pool.
Arguments
Math — see
products/clmm/math. Given base_flag, the program resolves either liquidity or (amount_0_max, amount_1_max) into the actual L and the actual token amounts consumed.
Preconditions
tick_lower < tick_upper, both multiples ofpool.tick_spacing, within[MIN_TICK, MAX_TICK].- Required tick arrays passed and initialized (or created here via
InitTickArrayCPI in the transaction). - User has at least
amount_0_maxandamount_1_maxin the source ATAs.
personal_positionexists,liquidityset,fee_growth_inside_lastsnapshotted.- Tick-array entries at
tick_lowerandtick_upperupdated (liquidity_gross += L,liquidity_net ± L, fee-growth snapshots maintained). pool_state.liquidity += Lif position is in range (tick_lower ≤ tick_current < tick_upper).
InvalidTickIndex, NotApproved, ZeroAmountSpecified, TransactionTooLarge (if too many tick arrays).
IncreaseLiquidityV2
Add liquidity to an already-open position.
Arguments
OpenPosition minus the NFT mint (position already exists; the NFT is passed as the owner’s ATA holding 1 token).
Effect
- Transfers
amount_0_actual/amount_1_actualfrom user → vaults. - Increments
personal_position.liquidityandpool_state.liquidity(if in range), and the endpoint-tickliquidity_gross/liquidity_netaccordingly. - Collects fees and rewards owed since last touch and credits them to
tokens_fees_owed_{0,1}/reward_amount_owed. Those are paid out only onDecreaseLiquidityorCollectReward, not on increase.
DecreaseLiquidityV2
Remove liquidity from a position.
Arguments
IncreaseLiquidity.
Effect
- Computes
(amount_0, amount_1)for the removedLgiven currentsqrt_price_x64. - Settles fees/rewards accrued since the last touch, same as
IncreaseLiquidity. - Transfers
amount_0 + fees_owed_0andamount_1 + fees_owed_1out of vaults to the user. - Decrements liquidity counters; if the new
personal_position.liquidity == 0, the position is eligible forClosePosition.
amount_0_min and amount_1_min are the minimums the user accepts net of Token-2022 transfer fees on the output side.
ClosePosition
Burn the position NFT and close PersonalPositionState.
Preconditions
personal_position.liquidity == 0.tokens_fees_owed_{0,1} == 0.- All reward counters
reward_amount_owed == 0.
- Burns the NFT.
- Closes the NFT mint account and the
personal_positionaccount, refunding rent to thepayer.
SwapV2
Walk the liquidity curve; exact input or exact output depending on is_base_input.
Arguments
Callers pass a ranked list of tick arrays covering the expected swap walk; the program uses as many as it needs. The SDK computes this list via
PoolUtils.computeAmountOutFormat or the API’s quote endpoint.
Preconditions
pool_state.statusallows swap.now >= open_time.sqrt_price_limit_x64is on the correct side ofsqrt_price_x64for the direction.
ExceededSlippage, SqrtPriceLimitOverflow, TickArrayNotFound, LiquidityInsufficient.
What SwapV2 does internally that callers should know about (post-2025 release):
- Dynamic fee surcharge — if
pool.dynamic_fee_infois non-zero, the program updates the volatility accumulator using the tick distance traversed since the last swap (with the filter/decay rules fromproducts/clmm/fees) and adds adynamic_fee_componenton top ofAmmConfig.trade_fee_rate. Total fee is capped at 10% (MAX_FEE_RATE_NUMERATOR / 1_000_000). - Limit-order matching — when the price walk crosses a tick that holds open limit orders, the program first fills available limit-order liquidity at that tick (FIFO by
order_phase), then proceeds along the LP liquidity curve. Filled amounts updatetick.unfilled_ratio_x64andtick.part_filled_orders_remainingfor later settlement; orders themselves remain unspent until their owner callsSettleLimitOrder. - Single-sided fee routing — when
pool.fee_on = Token0OnlyorToken1Only, the swap step still computes the same input-output trade; the fee is then routed to the configured side. For directions where the configured fee side is the output, the fee is deducted from the swap output (the user receivesout − fee); for directions where it is the input, behavior matchesFromInput. Seeis_fee_on_input(zero_for_one)andis_fee_on_token0(zero_for_one)onPoolState.
Swap (V1) implements the same dynamic fee, single-sided fee routing, and limit-order matching as SwapV2; the only feature it lacks is Token-2022 support — both vaults must be classic SPL Token. Pools with any Token-2022 mint must be swapped via SwapV2. The aggregator and SDK already prefer V2 for every CLMM leg so callers don’t have to branch on mint type.
OpenLimitOrder
Place a sell order at a specific tick. The order sits in a per-tick FIFO cohort and fills as price walks past.
Arguments
Preconditions
tick_index % pool.tick_spacing == 0and within[MIN_TICK, MAX_TICK].tick_indexis on the right side ofpool.tick_currentfor the chosen direction (selling token0 → tick must be above current, and vice versa). Selling at a tick already crossed would be matched immediately and is rejected.pool_state.statusallows the limit-order operation (bit 5).
limit_orderexists, snapshottingtick.order_phaseandtick.unfilled_ratio_x64at open time.tick.orders_amount += amount(in the current cohort).limit_order_nonce.order_nonce += 1.OpenLimitOrderEventemitted.
InvalidLimitOrderAmount (zero or below the pool’s minimum), InvalidTickIndex (out of [MIN_TICK, MAX_TICK], or on the wrong side of tick_current for the chosen direction), TickAndSpacingNotMatch (tick_index % pool.tick_spacing != 0), OrderPhaseSaturated.
IncreaseLimitOrder
Add to an existing open order. Only callable by the order’s owner.
Arguments
OpenLimitOrder minus the nonce account; the limit_order PDA is passed directly.
Preconditions
limit_order.owner == signer.- The order is still in the same cohort (
tick.order_phase == limit_order.order_phase). If the cohort has already begun filling, the order is partially settled — the caller should callDecreaseLimitOrderorSettleLimitOrderfirst to roll forward.
- Transfers
amountfrom owner ATA toinput_vault. limit_order.total_amount += amount;tick.orders_amount += amount.
DecreaseLimitOrder
Reduce or fully cancel an open order. Pays the unfilled remainder back to the owner, plus any output already settled by past partial fills.
Arguments
Effect
- Recomputes the order’s filled amount from the cohort’s
unfilled_ratio_x64since open. - Sends filled output to
output_token_account. - Sends
amountof unfilled input back toinput_token_account. - Updates
limit_orderaccordingly. If the new unfilled remainder is zero, the program closes the account and refunds rent toowner.
SettleLimitOrder
Push filled output tokens to the owner without changing the order’s unfilled remainder. Useful when auto_withdraw keepers want to drip-pay long-running partial fills.
Caller — either the order’s owner, or the program’s limit_order_admin (an off-chain operational hot wallet that runs an automated keeper loop). The keeper has no other authority — it cannot move user funds outside of pushing filled output to the order’s owner ATA.
Accounts
Effect
- Computes the cumulative output owed using
(limit_order.unfilled_ratio_x64, tick.unfilled_ratio_x64). - Transfers the delta to
output_token_account. - Updates
limit_order.settled_output. - Does not close the order; it is still open against any remaining input.
CloseLimitOrder
Close a fully-consumed order account. Rent is always returned to limit_order.owner regardless of who signs.
Caller — either owner or limit_order_admin.
Preconditions
- The order has zero unfilled remainder (either
amount == total_amountwas filled and settled, or the owner previously decreased the order to zero and forgot to close).
- Closes
limit_order; rent is sent tolimit_order.owner.
CreateDynamicFeeConfig (admin)
Create a reusable parameter set under a u16 index.
Arguments
Common errors —
InvalidDynamicFeeConfigParams if decay_period <= filter_period or any 0-valued field is out of bounds.
UpdateDynamicFeeConfig (admin)
Modify an existing DynamicFeeConfig. Pools that already snapshotted the config at creation time are not retroactively updated; only newly-created pools that reference this config will pick up the new values.
Arguments — same five calibration fields as CreateDynamicFeeConfig (filter_period, decay_period, reduction_factor, dynamic_fee_control, max_volatility_accumulator); index is fixed at creation and not re-passed here.
CollectProtocolFee / CollectFundFee
Identical shape to CPMM’s CollectProtocolFee / CollectFundFee. Signer must match AmmConfig.owner / AmmConfig.fund_owner. Sweep accrued protocol/fund fees from the pool’s vaults to a recipient, zero the corresponding PoolState.protocol_fees_* / fund_fees_* fields.
InitializeReward
Add a new reward stream to a pool. Up to 3 streams may be active at once.
Arguments
Preconditions
- Less than 3 streams currently active on the pool.
- Funder deposits
total_emission = emissions_per_second × (end_time − open_time)worth of reward token into the vault as part of this instruction. - Whitelisted reward mint per
operation_state.
SetRewardParams
Extend, top up, or change emission rate on an existing reward stream. Typically called by a pool creator or the Raydium multisig. Constraints live on-chain: you can usually extend end_time or increase emissions, not shrink them retroactively. Check operation_state’s owner list.
UpdateRewardInfos
Pure bookkeeping — settles reward_growth_global_x64 to the current time by multiplying emissions_per_second × Δt / liquidity. Called internally by every liquidity-touching instruction. Exposed as a standalone instruction because external actors (UIs, cranks) sometimes want to trigger it.
CollectReward
Position owner claims owed reward tokens.
Accounts
Effect
- Settles reward growth (same pattern as fees).
- Transfers the owed amount to the recipient ATA, zeroes
reward_amount_owed[i].
State-change matrix
Where to go next
products/clmm/code-demos— runnable TypeScript samples.products/clmm/fees— details on fee and reward accrual.reference/error-codes— complete CLMM Anchor error table.
raydium-io/raydium-clmm—programs/amm/src/instructions- Raydium SDK v2 —
@raydium-io/raydium-sdk-v2

