Introduction
For those interested in providing liquidity on Bebop.
Overview
Bebop RFQ product utilizes RFQ on-chain model that invites professional market maker participants to deliver more efficient trading in DeFi.
The market makers continually stream their pricing data to Bebop. These are analysed by Bebop's smart order router that ensures that our users can execute trades at the best available prices. You can learn more about how Bebop RFQ works here.
Market Making on Bebop
At Bebop, our primary objective is to deliver an exceptional DeFi experience to our users. To achieve this, we welcome partnerships with committed market makers who can enhance liquidity and expand the range of trading pairs available on our platform.
When evaluating potential liquidity providers, we consider several essential factors, including:
Maker Trading Volumes: We take into account the daily trading volumes generated by market makers, which demonstrates their active participation in the market and their ability to facilitate efficient trading.
Token Coverage: We value market makers who offer a diverse selection of tokens for trading, ensuring our users have access to a wide range of options.
Blockchain Coverage: We consider market makers who support multiple blockchains, enabling us to provide a seamless trading experience across various chains. RFQ liquidity is currently available on Ethereum, Polygon, & Arbitrum and we are happy to expand to more chains.
If you are interested in becoming a liquidity provider on Bebop, we invite you to complete our interest form. Our team will review your submission and be in touch to discuss how we can best work together.
Other Requirements
The requirements for market makers to provide liquidity on Bebop can vary. However, in addition to the above, you can expect to discuss the following with our team:
Trading Expertise: We expect you to have a thorough understanding of the market dynamics, trading strategies, and risk management techniques.
Reliable Infrastructure: Stable and reliable trading infrastructure is crucial (i.e. fast and robust connectivity, low-latency systems, and appropriate hardware and software configurations).
Technology Integration: Ability to integrate with Bebop's infrastructure (i.e. utilizing our maker APIs).
Active Participation: Commitment to actively maintaining and adjusting liquidity provisions based on market conditions. This includes regularly updating bid/ask prices and monitoring trading activity to ensure efficient price discovery.
Legal Agreement: Bebop and market makers will sign a legal agreement covering various aspect of the partnership.
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