Market Maker Overview

Providing Liquidity on Phoenix: Getting Started

Getting Started

Phoenix is currently deployed on devnet and mainnet at PhoeNiXZ8ByJGLkxNfZRnkUfjvmuYqLR89jjFHGqdXY. See here for a list of active Phoenix Markets.

Setup Steps:

1. Download the Phoenix SDK here. 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.

3. Claim a Seat on the market in order to place limit orders. See here on how to claim a Seat.

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 has no liquidity incentive program.