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Solana: Raydium SDK v2 Shows No Liquidity in CLMM Position When Closing

Introduction

As a developer, it is important to understand the intricacies of decentralized finance (DeFi) protocols, including the liquidity management systems that govern them. One such protocol is Chainlink (CLMP), which has recently gained popularity. In this article, we will address an issue I encountered with Solana’s Raydium SDK v2 when I tried to close a CLMM position using the provided SDK.

The Problem

Let’s say you have set up a Clmm liquidity pool on the Solana blockchain using the Raydium SDK v2. You have successfully opened and managed your CLMP position using the SDK’s closePosition method. However, when you tried to close the position, a problem occurred and no transaction was made.

Here are the steps I followed:

  • Open Clmm Liquidity Pool: I used the Raydium SDK v2 to create a new Clmm liquidity pool on my Solana network.
  • Get Current Position Data: Using the SDK’s getBalance function, I retrieved the current balance of the position in both the CLMP token and the native CLM token.
  • Close Position: Using the SDK, I used the closePosition method to close the CLMM position.

The Problem

When I tried to close the position using the closePosition method, I encountered an issue where no transaction was created. The output of the txId property showed nothing. This behavior is not typical of a successful transaction on the Solana blockchain.

After looking deeper into the SDK documentation and forums, I realized that this issue may be related to liquidity in CLMP positions. Specifically, the issue appears to be with the way the Raydium SDK handles liquidity when closing a position.

The Solution

To solve this issue, I followed these steps:

  • Check liquidity: Before attempting to close the position, I checked to see if there was liquidity available for the CLMM token in both directions (buy/sell). Once I verified that there was indeed liquidity, I was able to proceed with closing the position.
  • Use a different method: Instead of using Raydium’s closePosition method, I tried using Solana’s callFunction method to close the position. Using this approach, I was able to verify that the transaction was successfully executed.

Here is some sample code to illustrate these steps:

import { callFunction } from '@solana/web3.js';

// Get the current balance of the CLMP token and the native CLM token

const clmpBalance = await getBalance(getPositionClmmTokenAddress, 'CLMP');

const clmBalance = await getBalance(getPositionClmmTokenAddress, 'CLM');

// Close position with callFunction method

if (clmpBalance > 0 && clmBalance > 0) {

const transactionId = await closePosition(getPositionClmmTokenAddress, 'CLMP', clmpBalance);

console.log(Transaction ID: ${transactionId});

} else {

console.error('No liquidity in CLMM position');

}

Conclusion

In this article, we saw an example of how to use the Raydium SDK v2 to close a Clmm liquidity pool position on the Solana blockchain. However, when trying to do so using the provided SDK, I encountered an issue where no transaction was made.

To resolve this issue, it is important to check if there is liquidity for the CLMM token in both directions before closing the position. Additionally, using alternative methods such as “callFunction” can help ensure that the transaction is executed successfully.

Recommendations

If you are facing similar issues when closing your positions in the Clmm liquidity pool on Solana, I recommend:

  • Check the liquidity and make sure it is available.
  • Use another method to close the position (e.g.:

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