This repo contains a simple typescript market making bot for Entropy. NOTE: This version does not include delta hedging for the power perps currently
Docs: https://org-docs.friktion.fi/entropy/market-making-bot-python/overview
Trade: https://entropy.trade
To run the market maker you will need:
- A Solana account with some SOL deposited to cover transaction fees
- A Entropy Account with some collateral deposited and a name (tip: use the UI)
- Your wallet keypair saved as a JSON file
nodeandyarn
git clone https://github.com/Friktion-Labs/entropy-market-maker
cd market-maker-ts
yarn install
## Set mangoAccountName in entropy-market-maker/params/quote_params.json file to reflect the name of your MangoAccountts-node src/mm2.ts| Variable | Default | Description |
|---|---|---|
group |
mainnet.1 |
Name of the group in ids.json |
interval |
10000 |
Milliseconds to wait before updating quotes |
mangoAccountName |
N/A | The MangoAccount name you input when initializing the MangoAccount via UI |
mangoAccountPubkey |
N/A | If no MangoAccount name, just pass in the pubkey |
assets |
N/A | Mapping of symbols to trade and their specific params |
size_perc |
0.1 |
The size of each order as a percentage of equity |
edge |
0.0010 |
How much to increase quote width from centralized exchange |
lean_coeff |
0.0005 |
How much to move the quotes per unit size of inventory |
bias |
0 |
Fixed amount to bias. Negative values bias downward. e.g. -0.0005 biases down 5bps |
requoteThresh |
0 |
How much new bid/ask price must change to requote; e.g. 0.0002 implies 2bps |
ftxSize |
100000 |
How much to look up spread on centralized exchange |
disableFtxBooks |
false |
Whether to try to find a FTX market for quoting. |
- Use Ctrl-C to stop the market maker so that it will try to cancel all orders when exiting. (Ctrl-Z will not cancel orders)