Etherdrake
3.4 KiB
Documentation Index
Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt Use this file to discover all available pages before exploring further.
Market Maker Introduction
Overview of market making on Polymarket and available tools for liquidity providers
What is a Market Maker?
A Market Maker (MM) on Polymarket is a sophisticated 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.
Market makers are essential to Polymarket's ecosystem:
- Provide liquidity across all markets
- Tighten spreads for better user experience
- Enable price discovery through continuous quoting
- Absorb trading flow from retail and institutional users
Not a Market Maker? If you're building an application that routes orders for your users, see the Builders Program instead. Builders get access to gasless transactions via the Relayer Client.
Getting Started
To become a market maker on Polymarket:
- Complete setup - Deploy wallets, fund with USDCe, set token approvals
- Connect to data feeds - WebSocket for orderbook, RTDS for low-latency data
- Start quoting - Post orders via CLOB REST API
Available Tools
By Action Type
Deposits, token approvals, wallet deployment, API keys CLOB order entry, order types, quoting best practices WebSocket, RTDS, Gamma API, on-chain data Split, merge, and redeem outcome tokens Earn rewards for providing liquidity Earn rebates for providing liquidityQuick Reference
| Action | Tool | Documentation |
|---|---|---|
| Deposit USDCe | Bridge API | Bridge Overview |
| Approve tokens | Relayer Client | Setup Guide |
| Post limit orders | CLOB REST API | CLOB Client |
| Monitor orderbook | WebSocket | WebSocket Overview |
| Low-latency data | RTDS | Data Feeds |
| Split USDCe to tokens | CTF / Relayer | Inventory |
| Merge tokens to USDCe | CTF / Relayer | Inventory |
Support
For market maker onboarding and support, contact support@polymarket.com.