# Market Maker Overview

### Getting Started

Phoenix Legacy is currently deployed on devnet and mainnet at `PhoeNiXZ8ByJGLkxNfZRnkUfjvmuYqLR89jjFHGqdXY`. See [here for a list of active Phoenix Legacy Markets](https://ellipsis-labs.gitbook.io/phoenix-dex/tRIkEFlLUzWK9uKO3W2V/getting-started/technical-overview/market-addresses).

**Setup Steps:**

1. Download the Phoenix Legacy SDK [here](https://github.com/Ellipsis-Labs/phoenix-sdk). We currently have working Rust and Typescript SDKs.
2. To trade on devnet, you will need devnet SOL, as well as base and quote tokens for a given market. See here on [how to acquire devnet SOL, the base token, and the quote token for a market.](https://ellipsis-labs.gitbook.io/phoenix-dex/tRIkEFlLUzWK9uKO3W2V/getting-started/technical-overview/market-addresses)
3. Claim a Seat on the market in order to place limit orders. See [here on how to claim a Seat](https://ellipsis-labs.gitbook.io/phoenix-dex/tRIkEFlLUzWK9uKO3W2V/getting-started/technical-overview/seats/phoenix-seat-manager-program).

### Fees

Fees are set at market initialization by the market creator. For the devnet SOL/USDC market, fees are 2 bps for takers and 0 bps for makers. Fees are always paid in quote tokens (USDC for the SOL/USDC market).

### Incentive Program

Currently, Phoenix Legacy has no liquidity incentive program.