How to measure liquidity: bid-ask spread and order-book depth
Bid-ask spread, depth within ±1% and ±2% of mid, and two-sided presence: how each is defined and sampled, and why trading volume alone says little.
5 min readNotes on liquidity for token projects
How market-making arrangements work, how to read spread and depth, and what to check before you commit funds and tokens to a liquidity service. Written by the Lyqui team.
Token loans, call options or a fixed fee: how market-making agreements are structured
How common market-maker deal structures work, where each one points the incentives, and the questions to ask before you sign a liquidity agreement.
6 min readManaged liquidity, market-making bots and principal market makers: what is the difference?
Self-run bots, principal market makers and managed services: three ways token projects get exchange liquidity, and what each means for control.
6 min read