StandX Market Making Program
Overview
To enhance liquidity depth and reward consistent contributors, StandX is launching its Market Making (MM) Program. The program provides preferential fees and access to a monthly StandX Reward Pool.
Each month, 5,000,000 StandX tokens will be distributed to eligible market makers based on their effective maker volume and trading performance.
Liquidity Provision Requirements
- Quoting Standards:
- Bid and Offer sizes meet or exceed the minimum size requirement for the pairs
- Bid-Offer Spread is within the allowed limit (e.g., ≤0.1% for BTC/ETH/SOL, ≤0.25% for other pairs).
- Orders remain live in the Orderbook for at least 0.5 seconds at a time.
- The Bid/Offer spread is calculated as
( [Offer price at Minimum Size] - [Bid price at Minimum Size]) / { ([Offer price at Minimum Size] + [Bid price at Minimum Size]) /2 } < [Required Bid/Offer spread].
- Requirement Table*
| pair | bid_offer_spread | min_size |
|---|---|---|
| BTCUSDT | 0.10% | 5 |
| ETHUSDT | 0.10% | 100 |
*More pairs to be added soon.
- Qualifying Percentage for that Pair on the Day (from 00:00 to 23:59 UTC):
- The pair is only counted if the MM maintains these standards for ≥70% of that trading day.
- If
[Qualifying %] < 70%, that pair’s volume is excluded from the MM’s effective maker volume.
Key Benefits
- Fee Rebate
| Tier | Criteria (Rolling 30 days) | Taker Fee (bps) | Maker Fee Rebate (bps) |
|---|---|---|---|
| MM 1 | >= $600M or Maker Vol >= 1% | 2.25 | -0.25 |
| MM 2 | >= $2B or Maker Vol >= 3% | 2 | -0.5 |
- Reward Pool: Monthly Allocation of 5M StandX tokens
- Reward Pool Calculation Methodology
- A maker’s volume for a given trading pair is counted as effective only if the above conditions are met.
- Each MM’s Reward Share = MM’s Effective Volume / Total Effective Volume x Reward Pool
Application Process
- Please fill in the Form and the StandX team will contact you as soon as possible.
Disclaimer
StandX may modify, pause, or end the Market Making Program at its discretion. This includes changes to eligibility rules, reward formulas, distribution timelines, or qualification standards. Participants are expected to review the latest published terms regularly. Joining the program does not create any binding agreement. StandX reserves full authority over the interpretation and application of all program conditions.