Market liquidity
Last updated
Last updated
Every investor can earn additional money if he acts as a market maker.
Order book stored on the blockchain allows us to track each account which has bid and offer for specific project during each business day.
Each account that has bid and offer for a specific project at least 90% of the time in each 8-hour time frame is deemed a market maker.
All market makers split 10% from the daily payout for each project. Each market maker receives points according to the calculation below.
The market maker reward is paid in project base stable cryptocurrency into the address of the market maker's account.
All market maker points sum up, and the 1/3 of market maker daily reward is distributed proportionally to all market maker accounts for each 8-hour time frame.
The points are determined by the maximum spread between the buy and sell prices quoted by a market maker during any 90% of the 8-hour time frame, and by the quoted volume.
The relative spread is calculated as . The smaller the spread is, the greater the point quota.
10%
1
5%
10
1%
100
0.5%
1000
Quoted volume is calculated as maximum volume which was present from the account at the 90% of time during the time frame. The maximum volume is calculated as minimum of bid and offer volume in specific time.
Time frame for specific market maker calculation.
UTC: 00:00 - 08:00 , 08:00 - 16:00 , 16:00-24:00
CET: 01:00 - 09:00 , 09:00 - 17:00 , 17:00-01:00
EST: 04:00 - 14:00 , 14:00 - 20:00 , 20:00-04:00
PST: 01:00 - 09:00 , 09:00 - 17:00 , 17:00-01:00
Market maker 1 has spread 10% with 90% time quoted with the quantity of $100 worth of assets.
Market maker 2 has spread 0.9% with 90% time quoted with the quantity of $10 worth of assets.
The sum of market maker points is 1100 points.
If the daily reward is $60 for all makers, the 8-hour window has $20.
MM1 has points.
MM2 has points.
$20 is divided among all market makers, so MM1 will receive
MM2 will receive