Makerbook
One board for every qualifying market from listed venues. Retail and institutional makers work the same tape.
On each row
| Field | Meaning |
|---|---|
| Partner venue | Who listed the book. |
| Quote spec | Two-sided or one-sided, set on Factory. |
| Max spread | Widest bid/ask that still scores. |
| Min shares | Size that must rest. Separate from spread. |
| Reward pool | Daily cut and estimated APR for the listing. |
| Your share | Your share of that pool this window. |
Quote band
Max spread and min shares are two gates. A tight quote that is too small does not score. A large quote that is too wide does not score. Two-sided listings need both sides in band.
Desk
Execute from one terminal. The protocol routes liquidity to the venue engine. Caps, hedging, and a kill switch sit next to the book.