Run a Meteora LP Agent - No Coding Skills Required
This comprehensive walkthrough will help you deploy your own automated rebalancing agent on Meteora, allowing you to provide liquidity and maintain optimal positions without constant manual intervention. The agent uses edwin to execute all operations on Meteora, continuously monitoring your position and automatically rebalancing as market conditions change, maximizing your capital efficiency while you focus on other priorities. Follow these straightforward steps to get your rebalancing agent up and running in minutes, even if you're not experienced with Solana development.
Source code: https://github.com/edwin-finance/meteora-liquidity-rebalancer
Step 1: Install Docker
Download and install Docker Desktop from the official website.
Step 2: Pull the agent’s docker image
Run the following command:
Step 3: Agent Configuration
Create a file named .env based on the .env.example file (clone or fork the repo for easy access) and fill it with values in the following steps.
Step 3.1: Create a wallet for your agent
Use any wallet provider to create a new wallet for your agent, fund it with the required amount, export the wallet’s private key, and fill it as SOLANA_PRIVATE_KEY.
Please add extra SOL for gas and position rent fees on Meteora and fill out NATIVE_TOKEN_FEE_BUFFER accordingly.
Note: The agent will stop if its SOL drops below this amount. Have more available to cover gas fees over time.
Step 3.2: Set up Solana RPC
Use any Solana RPC Provider to get the URL and fill in as SOLANA_RPC_URL.
Recommended RPC Provider: Helius, open an account for free to receive an API Key, then the RPC URL will be: https://mainnet.helius-rpc.com/?api-key=<your-api-key>
Step 3.3: Choose Meteora Pool
Head to Meteora and choose a pool to work on. Take the pool address from the URL in the picture below and fill it in as METEORA_POOL_ADDRESS.
Things to consider:
You must fund your agent’s wallet with at least one of the pool tokens. These tokens will act as funds for providing liquidity and rebalancing.
Meteora limits the position range with its “bin step.” If you plan to create a wide position, first check that the pool supports it.
Choose the range per side you want the agent to stay on as a percentage of the price. Fill it as METEORA_POSITION_RANGE_PER_SIDE_RELATIVE. For example, if you wish to be within ±1.5% of the opening price, fill in 0.015.
[Optional] Step 3.4: Create a TG bot for receiving alerts
If you want to receive alerts in a dedicated Telegram chat:
Create a new bot using BotFather and add it to a dedicated group chat. Follow this guide for help with the setup.
Setup up the following env variables:
TELEGRAM_BOT_TOKEN: Telegram bot token for alerts
TELEGRAM_CHAT_ID: Telegram chat ID that is used to receive alerts.
Your .env file should look like this:
Step 4: Run the agent
Run the following command in the same directory as your .env file from last step:
Note: The agent is designed to handle inconsistencies and race conditions with a robust error handling and retry mechanism- so it is not uncommon for errors to appear every once in a while. However the agent knows to take care of these conditions and continue running in its next iterations.
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