open orderbook documentation
benjiqq opened this issue · comments
i am trying to understand the details of orderbook. there is a flag enable_orderbook but not sure how it set or used. when is the orderbook active?
https://github.com/raydium-io/raydium-amm/blob/master/program/src/processor.rs#L1287
this isnt very clear how this precisely operates
https://docs.raydium.io/raydium/updates/integration-with-openbook
https://docs.raydium.io/raydium/pool-creation/creating-a-standard-amm-pool
From FAQ
OpenBook market IDs allow Raydium to market make with idle liquidity at a later stage - when your pool has bootstrapped enough liquidity - on the OpenBook CLOB.
The 3-4 SOL fees are not paid to either Raydium or Openbook but are consumed during the market creation process to initialize accounts.
Hence, these fees can not be refunded if you wrongly set up your parameters.
We recommend that you be extremely careful during this process. Refer to the how-to guide and reach out on [discord](https://discord.com/invite/6EvFwvCfpx) if you have any doubts.
Determined by the status saved in AmmInfo, currently controlled by the admin.
You can refer to https://github.com/raydium-io/raydium-amm/blob/master/program/src/state.rs#L296