Community Maker Yield

Community Maker Yield is the live implementation of SIP-5A. Makers who keep real, executable, two-sided liquidity on the order book are measured at tick-level granularity and paid for it.

This page publishes the live operating parameters for every market. The full mechanism, scoring path, and rationale are specified in SIP-5A: Community Maker Yield; this page only lists the values StandX operations currently run.

Basic Rules

• Two-sided quoting. Keep active orders on both the bid and ask side within the qualifying band. One-sided quoting does not qualify.
• Qualifying band. Orders must sit within 10 bps of the aggregated latest mark price. Quote slightly tighter than the band to stay qualified through price movement.
• Minimum uptime. Maintain qualifying orders for at least 30 minutes of each hour.
• Per-side cap. Order value counts only up to the per-pair cap; size beyond the cap is ignored.
• Proximity matters. The closer you quote to the mark, the more each order counts, up to 2× at the tightest spreads.

Reward Assets

Yield is paid in DUSD, in platform token allocation, or in both at once. While the platform token is not yet live, the standing policy pays makers in both: platform token accrues as allocation entries, and DUSD is distributed under the campaign rules.

Yield is settled daily. Each day has its own reward pool, distributed in proportion to the Maker Hours earned that day. The size of the pool is not fixed; it adapts to market conditions and protocol policy.

Per-Pair Parameters

Trading session times are in US Eastern Time (America/New_York).

Any hour outside a pair’s trading session is scored at 10%. That covers the daily maintenance window (17:00 to 18:00 ET for XAU, XAG and CL), weekends, and holidays, all under the same rule. Crypto markets trade around the clock, so they have no off-session hours and no multiplier.

Plan your uptime around the trading session rather than the calendar day.

StandX operations set and maintain these values and may adjust them for market conditions. Check this page for the current requirements.

Proximity Weight

Order quantity is scaled by a proximity weight based on distance from the mark price. Live curve: max_weight = 200%, min_weight = 40%, band_bps = 10.

weight     = (200% - 40%) × (10 - distance_bps) / 10 + 40%
scaled_qty = weight × original_qty

Uptime Tiers

Hourly accrual depends on the share of the hour that qualifying orders stayed on the book.

Your Maker Hours take the better tier outcome, bounded by the per-hour ceiling. See the SIP-5A Maker Hours formula for the full scoring path.

Market Maker Fee Tiers

Your maker performance is evaluated monthly. Based on the Maker Hours you accumulate in a month, you unlock a fee tier for the following month, and it stays active for that one month. Each month is re-evaluated, so keep up your Maker Hours to maintain or raise your tier.

Full Specification

For the complete mechanism, scoring formulas, fee routing, and rationale, see SIP-5A: Community Maker Yield.