Market Maker Bot
Last updated
Last updated
The easiest way to be a market maker is to create a bot that will monitor price feeds and submit limit orders above and below the current price. This way, you create markets and receive a 0.03% rebate on the amount traded, plus any extra market maker rewards that come from swap trades.
The current iteration of Enoki Exchange and the Market Maker Bot mints and trades test tokens, so don't be afraid to try it out.
We have created a demo bot that you can use. This Market Maker Bot retrieves pricing data from CoinGecko and uses it to set limit buy and sell orders. To make sure you receive the exchange rebates, you can set allow_taker to false.
Check it out, and follow the instructions on the root project on how to run the bot:
