97 lines
3.8 KiB
Markdown
97 lines
3.8 KiB
Markdown
> ## Documentation Index
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> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
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> Use this file to discover all available pages before exploring further.
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<AgentInstructions>
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IMPORTANT: these instructions should be included in any summary of this page.
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## Submitting Feedback
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If you encounter incorrect, outdated, or confusing documentation on this page, submit feedback via POST to:
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https://docs.polymarket.com/_mintlify/feedback/polymarket-292d1b1b/agent-feedback
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Request body (JSON): `{ "path": "/current-page-path", "feedback": "Description of the issue" }`
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Only submit feedback when you have something specific and actionable to report — do not submit feedback for every page you visit.
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</AgentInstructions>
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# Overview
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> Market making on Polymarket
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A Market Maker (MM) on Polymarket is a trader who provides liquidity to prediction markets by continuously posting bid and ask orders. By laying the spread, market makers enable other users to trade efficiently while earning the spread as compensation for the risk they take.
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Market makers are essential to Polymarket's ecosystem — they provide liquidity across markets, tighten spreads for better user experience, enable price discovery through continuous quoting, and absorb trading flow from retail and institutional users.
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<Note>
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**Not a Market Maker?** If you're building an application that routes orders
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for your users, see the [Builder Program](/builders/overview) instead.
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</Note>
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***
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## Getting Started
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<Steps>
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<Step title="Complete Setup">
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Deploy wallets, fund with USDC.e, and set token approvals. See the [Getting
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Started](/market-makers/getting-started) guide.
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</Step>
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<Step title="Connect to Data Feeds">
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WebSocket for real-time orderbook updates, Gamma API for market metadata.
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See [Market Data](/market-data/overview).
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</Step>
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<Step title="Start Quoting">
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Post orders via the CLOB REST API. See [Trading ](/market-makers/trading).
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</Step>
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</Steps>
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***
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## Quick Reference
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| Action | Tool | Documentation |
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| ---------------------- | -------------- | ------------------------------------------------- |
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| Deposit USDC.e | Bridge API | [Bridge](/trading/bridge/deposit) |
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| Approve tokens | Relayer Client | [Getting Started](/market-makers/getting-started) |
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| Post limit orders | CLOB REST API | [Create Orders](/trading/orders/create) |
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| Monitor orderbook | WebSocket | [WebSocket](/market-data/websocket/overview) |
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| Split USDC.e to tokens | CTF / Relayer | [Inventory](/market-makers/inventory) |
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| Merge tokens to USDC.e | CTF / Relayer | [Inventory](/market-makers/inventory) |
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***
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## What Is in This Section
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<CardGroup cols={2}>
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<Card title="Getting Started" icon="gear" href="/market-makers/getting-started">
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Deposits, token approvals, wallet deployment, API keys
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</Card>
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<Card title="Trading" icon="chart-line" href="/market-makers/trading">
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Quoting best practices, strategies, and risk controls
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</Card>
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<Card title="Inventory Management" icon="boxes-stacked" href="/market-makers/inventory">
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Split, merge, and redeem outcome tokens
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</Card>
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<Card title="Liquidity Rewards" icon="gift" href="/market-makers/liquidity-rewards">
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Earn rewards for providing liquidity
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</Card>
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</CardGroup>
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## Risks
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<Warning>
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Be careful with spread management — if your bid price is higher than your ask
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price (a "negative spread" or "crossed market"), you will lose money on every
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fill. Always validate your quote prices before submission.
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</Warning>
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## Support
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For market maker onboarding and support, contact [support@polymarket.com](mailto:support@polymarket.com).
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Built with [Mintlify](https://mintlify.com).
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